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ATI MEDICAL INC. SETS DATE FOR SPECIAL SHAREHOLDERS MEETING

 ATI MEDICAL INC. SETS DATE FOR SPECIAL SHAREHOLDERS MEETING
 LAS VEGAS, April 14 /PRNewswire/ -- ATI Medical Inc. (AMEX: ATI) announced today that it has called a special meeting of its shareholders to be held on May 4, 1992, to vote on a previously announced proposal pursuant to which MEDIQ/PRN Life Support Services Inc., a wholly owned subsidiary of MEDIQ Inc. (AMEX: MED), will acquire all of the common stock of ATI in a cash merger at $4 per share.
 The special meeting will be held at the San Remo Hotel in Las Vegas. ATI shareholders of record at the close of business on April 10, 1992, will be eligible to vote. A proxy statement that contains a description of the proposed merger is currently being mailed to ATI shareholders.
 Consummation of the merger is subject to a number of conditions, including, among others, that the merger be approved by the holders of a majority of ATI's outstanding shares. As previously disclosed, MEDIQ/PRN has obtained options to purchase at $4 per share, the approximately 23 percent of ATI's common stock owned by Paul E. Stevenson, chairman and chief executive officer of ATI, and Stephen W. Case and Lester Grove, executive vice presidents of ATI, and such holders have agreed to vote their shares in favor of the merger.
 ATI also announced that an action brought in the U.S. District Court for the Western District of Texas by a competitor, Kinetic Therapeutic Services Inc., seeking to enjoin the transaction, was terminated by consent of all parties.
 MEDIQ/PRN and ATI Medical Inc. rent life support, critical care and other equipment to hospitals and others on an immediate availability basis. MEDIQ, through subisidiaries, provides products and services in the healthcare industry.
 -0- 4/14/92
 /CONTACT: Paul E. Stevenson, chairman and CEO, or Susan J. Sittner of ATI Medical, 702-361-8788/
 (ATI MED) CO: ATI Medical Inc.; MEDIQ Inc.; MEDIQ/PRN Life Support Services Inc. ST: Nevada IN: HEA SU:


DM-EH -- LA005 -- 8085 04/14/92 09:06 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
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