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BELMAC COMPLETES ROLL-A-SHEET ACQUISITION FOR ITS U.S. HOSPITAL PRODUCTS UNIT

 TAMPA, Fla., May 19 /PRNewswire/ -- Belmac Corporation (AMEX: BLM) completed today the acquisition of the exclusive worldwide marketing and manufacturing rights of Roll-A-Sheet as previously announced on April 22, 1993. Roll-A-Sheet consists of a variety of disposable linens for high fluid loss areas within hospitals, such as emergency rooms, ICU, CCU and burn units. Other potential markets include nursing homes, surgi-centers and emergency vehicles. The company's patented dispensing system should allow its more cost effective and sanitary products to gain a significant portion of the multi-billion dollar institutional linen market.
 Michael Harshbarger, Belmac's CEO said he was pleased to launch Belmac's first entry to the U.S. with the exciting and innovative Roll-A-Sheet product line and that he was confident that former Baxter International (BAX) marketing executives, Dale Phelps and Patrick Stoll, will direct the unit to significant sales and profitability.
 "This acquisition is part of our strategic plan to make Belmac profitable in order to internally finance the development and marketing of our proprietary drugs such as Biolid and Azaquinone," commented Harshbarger. "We will also be actively looking for other products and drugs both in the U.S. and overseas that will grow our company," he added.
 Roll-A-Sheet was acquired for $50,000 in cash in two installments and $450,000 in common stock to be issued upon the achievement of certain sales milestones.
 Belmac is an international pharmaceutical and health care company based in Tampa, Fla.
 -0- 5/19/93
 /CONTACT: Jill Figueredo of Belmac Corporation, 813-286-4401/
 (BLM)


CO: Belmac Corporation; Roll-A-Sheet ST: Florida IN: MTC HEA SU: TNM

JB-AW -- FL006 -- 0152 05/19/93 09:18 EDT
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Publication:PR Newswire
Date:May 19, 1993
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