Advanced Medical Inc. announces redemption date for its 10 percent cumulative preferred stock.

SAN DIEGO--(BUSINESS WIRE)--Oct. 28, 1996--Advanced Medical Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. ) Monday announced that it will redeem all of its outstanding shares of 10 percent cumulative preferred stock Cumulative preferred stock

Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. on Dec. 16, 1996, as part of a settlement agreement with its preferred stockholders.

The per share redemption price Redemption price

See: Call price

redemption price

1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share.

2. is $10.00 plus $3.72, representing accrued dividends calculated on a pro rata basis as of the redemption date of Dec. 16, 1996, less a $1.50 payment that will be paid to attorneys for the preferred stockholders. The redemption price will be payable on or after Dec. 16, 1996, upon surrender of the certificates representing the shares of 10 percent cumulative preferred stock. ChaseMellon Shareholder Services L.L.C. will serve as the redemption agent.

Advanced Medical, through its IMED IMED International Medical Education Directory Corp. subsidiary, is one of the largest developers and manufacturers of intravenous infusion pumps and proprietary disposable products in the United States and has sales in 38 foreign countries.

For more information on Advanced Medical via facsimile at no cost, simply call 800/PRO-INFO and dial client code 086.

CONTACT: Advanced Medical Inc., San Diego

Barbara Burkett, 619/566-9000, ext. 2283 or 2429

or

Financial Relations Board

Timothy Kent, 310/442-0599 (general information)

Kathy Brunson, 312/266-7800 (investor/analyst)

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Publication:	Business Wire
Date:	Oct 28, 1996
Words:	208
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