Colorado Medtech, Inc. Named One of Forbes 200 Best Small Companies in America.

BOULDER, Colo.--(BW HealthWire)--Oct. 29, 1998--Colorado MEDtech, Inc. (NASDAQ - CMED), a Boulder, Colorado-based medical products and services company, today announced that it has been selected as one of Forbes magazine's 200 Best Small Companies in America.

CMED placed 89th on the list in its first appearance.

"We are delighted to have been selected as one of the 200 Best Small Companies in America," said John V. Atanasoff, President and Chief Executive Officer of Colorado MEDtech, Inc. "We've worked very hard over the past five years to establish strong, consistent, profitable growth. Our selection for this list confirms the value of our efforts. In reviewing the requirements Forbes used in making its selections, we are extremely gratified to have passed their even more stringent requirements for 1998."

Forbes' evaluation began with the requirements of sales between $5 million and $350 million and to have been public since November 1997. Other requirements included minimum stock price and average daily float. Forbes tightened the requirements for companies in the 1998 review and selection process, eliminating companies with debt/equity ratios over 1.25 and negative operating cash flow in each of the past two years. Financial documents and relevant sales literature from each candidate were also reviewed. Forbes called companies making its 1998 list "a battle-ready group of competitors".

Colorado MEDtech, Inc., through its wholly-owned affiliates and operating divisions, is a leading full-service provider of advanced medical products and comprehensive outsourcing services for medical device and pharmaceutical companies.