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FOUNTAINHEAD TECHNOLOGIES, INC. EXTENDS EXCHANGE OFFER TO JANUARY 12, 1993

 PAWTUCKET, R.I., Jan. 5 /PRNewswire/ -- Fountainhead Technologies, Inc., a manufacturer of silver/copper ionization water purification systems, announced that it has extended its exchange offer related to the company's recapitalization from Jan. 5, 1993 to Jan. 12, 1993.
 The company announced that as of Jan. 5, 1993, holders holding approximately 99.99 percent of the company's outstanding common stock and holder holding 100 percent of the aggregate principal amount of promissory notes participating in the recapitalization had delivered their share certificates and promissory notes to the company in connection with the recapitalization.
 The company announced that the investors purchasing newly issued preferred stock in connection with the recapitalization had revised their purchase proposal to provide that the purchase would be consummated if not less than 99 percent of the outstanding common stock is delivered to the company pursuant to the exchange offer.
 The company also announced that a supplement to the initial letter to stockholders/noteholders dated Nov. 17, 1992, as supplemented, is being sent to stockholders and noteholders describing the terms of the amended proposal and exchange offer, as extended.
 Fountainhead Technologies, Inc., a privately held company, is committed to developing water purification systems which meet consumer demand for environmentally sound, non-toxic products. The introduction of Vision(tm) in November 1992 established Fountainhead Technologies as the innovator of an entirely new niche in the water purification market.
 -0- 1/5/93 R
 /CONTACT: Francis M. Lubrano of Fountainhead Technologies, Inc., 401-725-9990/


CO: Fountainhead Technologies ST: Rhode Island IN: SU: FNC

283 01-05-93 18:01 EST LD-SJ -- NE016R -- 1967 01/05/93 18:56 EST
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Date:Jan 5, 1993
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