Printer Friendly

I-FLOW CORP. RECEIVES $3.4 MILLION IN ADDITIONAL FUNDING

      I-FLOW CORP. RECEIVES $3.4 MILLION IN ADDITIONAL FUNDING
    IRVINE, Calif., July 1 /PRNewswire/ -- I-FLOW Corp. (NASDAQ: IFLOD), manufacturer and seller of innovative ambulatory infusion devices, announced today that it has received approximately $3,400,000 in additional funds through the completion of a private placement of its common stock.  This private offering was completed June 29, 1992, however a relatively small number of additional unit purchases may be completed shortly.
    In this private placement the company sold 656,091 units, with each unit consisting of two shares of the company's common stock and a warrant expiring June 1995 entitling the holder to purchase one additional share of the company's common stock for the exercise price of $4 per share.  The offering raised gross proceeds in excess of $3,400,000 upon the issuance of 1,312,182 shares of common stock and 656,091 warrants.  The total outstanding shares of I-Flow common stock is now approximately 5,530,000.
    I-Flow Corp. designs, develops, manufactures and markets technically advanced ambulatory infusion systems uniquely well-suited to the alternate-care environment.  Reliable, efficient and easy to use, I-Flow products offer users substantial opportunities to expand their therapy base, improve quality of care and increase productivity.  These advantages translate into improved revenues and profits for health care providers while reducing costs and improving the quality of life for patients.
    -0-                     7/1/92
    /CONTACT:  Jim Dal Porto of I-Flow Corp., 714-553-0888/
    (IFLOD) CO:  I-FLOW Corp. ST:  California IN:  HEA SU: EH-KJ -- LA004 -- 5517 07/01/92 09:04 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 1, 1992
Words:255
Previous Article:AGOURON SOLVES STRUCTURE OF CANCER-RELATED ENZYME
Next Article:QUARTERDECK OFFICE SYSTEMS ANNOUNCES EARNINGS PROJECTIONS
Topics:


Related Articles
I-FLOW CORPORATION LOWERS EXERCISE PRICE OF PUBLICLY HELD WARRANTS
I-FLOW CORP. RECEIVES $1.6 MILLION IN ADDITIONAL FUNDING
DCR To Review Lockheed Martin Ratings
San Francisco Unified School District Selects SRS to Provide Energy and Facility Improvements.
Fujitsu Software ships new version of iFlow workflow product.
Silicon Access Networks Delivers Revolutionary Networking Coprocessor Using 24Mb STAR Memory System From Virage Logic.
T. Rowe Price Announces Closings of High Yield and Small-Cap Stock Funds to New Investors.
Fujitsu Software Partners with Covigna to Provide Advanced BPM Capabilities To Contract Management Offering; Covigna Is the Latest Addition to...
Supplemental FY08 funding.
BNY Mellon Introduces iFlow(SM) Enhancements; Interactive Flow Monitor (iFlow) Analytics Provide Uniquely Comprehensive, Up-to-Date Insights into...

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters