Printer Friendly

ELECTROMEDICS BUYS BACK 180,000 SHARES

 ELECTROMEDICS BUYS BACK 180,000 SHARES
 ENGLEWOOD, Colo., July 8 /PRNewswire/ -- Electromedics Inc.


(NASDAQ: ELMD) today announced that the company purchased 180,000 shares of its outstanding common stock in the open market.
 The purchase was based on the board of directors' determination that the stock is currently undervalued, based on the company's increased sales levels and continuing earnings. "The current decrease in stock prices in the medical sector, as well as the decline in Electromedics' share price, provided us with this buying opportunity. The current and long-term prospects for Electromedics remains positive," said F. James Lynch, chairman and chief executive officer of Electromedics.
 The company is a leader in the autotransfusion segment of the blood processing market with the second largest share, which is over one third of the United States' autotransfusion market. The company also designs and manufactures blood conservation devices and related disposable devices for use in cardiovascular, orthopedic and other medium/high blood loss surgeries.
 -0- 7/8/92
 /CONTACT: F. James Lynch or Richard B. Carlock both of Electromedics, 303-790-8700; or Scott A. Brooks of Carl Thompson Associates, 303-494-5472, for Electromedics/
 (ELMD) CO: Electromedics Inc. ST: Colorado IN: MTC SU:


MC -- DV002 -- 7427 07/08/92 12:54 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 8, 1992
Words:204
Previous Article:DIAMOND-STAR MOTORS NAMES NEW GENERAL MANAGER
Next Article:UNITED AIRLINES ORDERS AIRBUS A320 AIRCRAFT
Topics:


Related Articles
ELECTROMEDICS RECEIVES NIH RESEARCH AWARD FOR NEW INTRAVENOUS MEMBRANE OXYGENATOR /ALSO KNOWN AS AN ARTIFICIAL LUNG~
ELECTROMEDICS, HCA HOSPITAL CORPORATION OF AMERICA AND QUORUM HEALTH RESOURCES ANNOUNCE JOINT AGREEMENT
ELECTROMEDICS ANNOUNCES CONVERSION OF $8 MILLION IN DEBENTURES TO COMMON STOCK
ELECTROMEDICS' PROFITS SURGE 60 PERCENT IN 1992
ELECTROMEDICS REPORTS FIRST QUARTER 1993 EARNINGS
ELECTROMEDICS BUYS BACK STOCK
ELECTROMEDICS REPORTS SECOND QUARTER, 1993 EARNINGS
ELECTROMEDICS RECEIVES $1 MILLION PURCHASE AWARD FROM FRENCH AGENCY
ELECTROMEDICS SELLS $5 MILLION OF SENIOR SECURED NOTES
ELECTROMEDICS RELEASES THIRD QUARTER 1993 EARNINGS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters