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

 MIDDLETOWN, N.J., July 6 /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 thirty days (until Aug. 6, 1993), at which time the exercise price will return to $7 per share. The company further stated that a post-effective amendment to the registration statement relating to the common stock issuable upon exercise of the warrants was filed with the Securities and Exchange Commission and declared effective on June 9, 1993, after which a prospectus covering the common stock was mailed to the company's warrantholders.
 On July 10, 1992, the company has 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. Since July 10, 1992, the exercise price of the warrants has been reduced from $7 to $4 per share. As of the date hereof, an aggregate of 313,770 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 healthcare management and services company that supplies state-of-the-art healthcare equipment, facilities and services to physicians, hospitals and other healthcare providers.
 -0- 7/6/93
 /CONTACT: Calvin M. Sprung, vice president of finance of HealthCare Imaging Services, Inc., 908-224-9292/
 (HISS)


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

SM-OS -- NY049 -- 8703 07/06/93 14:45 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
Words:267
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