CORRECTING and REPLACING Primedex Health Systems, Inc. Announces Its Discharge from Bankruptcy and Court Approval of the Extension of the Term of Its Outstanding Debentures.Business Editors CORRECTION...by Primedex Health Systems, Inc. LOS ANGELES--(BUSINESS WIRE)--Oct. 10, 2003 In BW5112 issued Oct. 10, 2003: Ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors in release should read xxx (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PMDXQ) sted (OTCBB:PMDX). The corrected release reads: PRIMEDEX HEALTH SYSTEMS, INC. ANNOUNCES ITS DISCHARGE FROM BANKRUPTCY AND COURT APPROVAL OF THE EXTENSION OF THE TERM OF ITS OUTSTANDING DEBENTURES Primedex Health Systems, Inc., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. (OTCBB:PMDXQ), owner and operator of 57 California medical diagnostic imaging facilities, reported that the Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. had this date signed an order in its Chapter 11 proceeding in Los Angeles, restructuring its outstanding 10% Convertible Subordinated Debentures subordinated debenture An unsecured bond with a claim to assets that is subordinate to all existing and future debt. Thus, in the event that the issuer encounters financial difficulties and must be liquidated, all other claims must be satisfied before due June 30, 2003, and concluding the proceeding. The Court order approves the extension of the term of the Debentures through 2008, increases the interest rate to 11.5%, reduces the conversion price to $2.50 per share with an agreement by PMDX not to redeem the Debentures for two years. The bankruptcy filing had no other impact upon PMDX or its operations. (The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, the effect of economic conditions and the actions of the court.) |
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