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HEALTHCARE IMAGING SERVICES, INC. ANNOUNCES EXTENSION OF WARRANT EXERCISE PRICE REDUCTION PERIOD

 SHREWSBURY, N.J., Feb. 5 /PRNewswire/ -- HealthCare Imaging Services, Inc. (NASDAQ: HISS), announced today that it has extended the period of time during which the exercise price of its redeemable common stock purchase warrants would be reduced from $7 to $4 per share for an additional 30 days (until March 7, 1993), at which time the exercise price will return to $7 per share.
 On July 10, 1992, the company had announced that the exercise price of the warrants was being reduced from $7 to $4 per share for a period of 60 days until Sept. 8, 1992. On Sept. 8, 1992, Nov. 7, 1992, and Dec. 7, 1992, the company extended the period during which the warrant exercise price was so reduced for additional 60- or 30-day periods. As of the date hereof, an aggregate of 311,870 common shares have been issued upon exercise of warrants during the period in which the exercise price of the warrants has been reduced.
 HealthCare Imaging Services, Inc., is a health care management and services company that supplies state-of-the-art health care equipment, facilities and services to physicians, hospitals and other health care providers.
 -0- 2/5/93
 /CONTACT: Calvin M. Sprung, vice president-finance of HealthCare Imaging Services, 908-542-3311/
 (HISS)


CO: HealthCare Imaging Services, Inc. ST: New Jersey IN: HEA SU:

GK-OS -- NY038 -- 3597 02/05/93 14:30 EST
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Publication:PR Newswire
Date:Feb 5, 1993
Words:227
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