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HEMODYNAMICS ANNOUNCES OFFERING BY PROTECTIVE APPAREL CORPORATION

 HEMODYNAMICS ANNOUNCES OFFERING BY PROTECTIVE APPAREL CORPORATION
 BOCA RATON, Fla., March 2 /PRNewswire/ -- Hemodynamics Incorporated (NASDAQ: HMDY) today announced a planned public offering of 1,152,000 common shares of Protective Apparel Corporation of America, an indirect subsidiary of Hemodynamics ("PACA") and warrants to purchase an additional 576,000 such shares. Of the 1,152,000 shares being offered, 685,333 will be newly issued shares and 466,667 shares will be offered by E.S.C Industries, Inc., a wholly owned subsidiary of Hemodynamics ("ESC"), as a selling shareholder. The warrants and PACA common shares underlying the warrants will be offered by PACA. ESC will continue to own approximately 40 percent of PACA immediately following the offering. The offering is subject to certain conditions, including due diligence investigation by the prospective underwriters, market conditions, the filing and effectiveness of a registration statement and state securities law requirements.
 A registration statement relating to these securities will be filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, such offers to be made by prospectus only, 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.
 -0- 3/2/92
 /CONTACT: Irwin N. Schneider CEO of Hemodynamics, Inc., 407-994-4700/
 (HMDY) CO: Hemodynamics, Inc. ST: Florida IN: HEA SU: OFR


SS-XX -- FL011 -- 4105 03/02/92 15:42 EST
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Publication:PR Newswire
Date:Mar 2, 1992
Words:278
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