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FUTURE HEALTHCARE, INC. ANNOUNCES FILING OF REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF 1,150,000 SHARES

 FUTURE HEALTHCARE, INC. ANNOUNCES FILING OF REGISTRATION
 STATEMENT FOR INITIAL PUBLIC OFFERING OF 1,150,000 SHARES
 CINCINNATI, June 10 /PRNewswire/ -- Future Healthcare, Inc. announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to an initial public offering of 1,150,000 shares of its common stock. All of the shares are being offered by the company. The shares will be sold to the public through an underwriting group headed by Craig-Hallum, Inc. of Minneapolis. The company expects the offering to be completed in July 1992. The proceeds of the offering will be used to purchase capital equipment, to repay indebtedness and for general working capital purposes. The company has 2,049,837 shares outstanding prior to the offering and will have 3,199,837 shares outstanding after the offering.
 Future Healthcare, based in Cincinnati, was formed in 1985 to conduct independent clinical trials on behalf of the pharmaceutical industry involving new prescription and over-the-counter drugs. The company owns and operates six clinics located in Cincinnati, Dayton and Columbus, Ohio; Birmingham, Ala.; West Orange, N.J.; and Olympia/Tacoma, Wash.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the preliminary prospectus may be obtained from Craig-Hallum, Inc., 701 Fourth Avenue South, Tenth Floor, Minneapolis, Minn. 55415-1655, Attention: Hal Tearse (phone 612-342-0520).
 -0- 6/10/92
 /CONTACT: John D. Peckskamp, Jr., of Future Healthcare, Inc., 513-651-2525/ CO: Future Healthcare Research Centers ST: Ohio IN: HEA SU:


BM -- CL007 -- 8745 06/10/92 10:38 EDT
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Publication:PR Newswire
Date:Jun 10, 1992
Words:344
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