Creative Medical Development, Inc. extends warrants.PORTLAND, Ore.--(BUSINESS WIRE)--May 12, 1997--Creative Medical Development, Inc. (OTC bulletin board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CMDI, CMDIW) ("CMD CMD cerebromacular degeneration. "), announced today that the Common Stock Purchase Warrants ("Warrants") issued as part of the Company's initial public offering on May 14, 1994, which currently expire May 13, 1997, have been extended to May 13, 1999. All other terms of the Warrants are unchanged. CMD, through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , completed a merger with OMNI International Rail Products, Inc. ("OMNI") on April 30, 1997. Now known as OMNI Products, Inc., OMNI is one of the world's leading producers of premium rail grade crossing surfaces, offering a full line of crossing systems. Currently it has crossings installed in 22 countries. OMNI supplies grade crossing surfaces to transit systems, ports, intermodal yards, manufacturing facilities and municipalities. Its largest customer market segment is major domestic railroads. The Company's Common Stock and Warrants are traded over the counter on the Electronic Bulletin Board of NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). under the symbols CMDI and CMDIW, respectively. CONTACT: Creative Medical Development, Inc. John E. Hart John E. Hart (about 1820 - 11 June 1863) was an officer in the United States Navy during the American Civil War. Hart was appointed a midshipman 23 February 1841. He served on various ships of the fleet, and was appointed Lieutenant Commander July 1862. , 916/478-0740 or OMNI Products, Inc. Steven F. Rosendahl, 503/230-8034 |
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