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INFOMED HOLDINGS, INC. FILES FOR EXCHANGE OFFER

 PRINCETON, N.J., Jan. 19 /PRNewswire/ -- InfoMed Holdings, Inc. ("IHI"), a subsidiary of InfoMed, Inc., ("InfoMed"), announced today that it had filed a registration statement with the Securities and Exchange Commission in connection with IHI's proposed exchange offers for the equity securities of InfoMed and Script Systems, Inc. (NASDAQ: SCPT). Pursuant to the exchange offers, each share of Script common stock would be exchanged for 0.4 of a share of IHI common stock; all 67,500 shares of Script preferred stock would be exchanged for an aggregate of 139,737 shares of IHI common stock; each share of InfoMed common stock would be exchanged for 2.72 shares of IHI common stock; all 10,000 shares of InfoMed series A preferred stock would be exchanged for an aggregate of 370,784 shares of IHI common stock; and each share of InfoMed series B preferred stock would be exchanged for 3.2 shares of IHI common stock. Upon consummation of the exchange offers, IHI would be a holding company for Script and InfoMed.
 A registration statement relating to IHI's common stock 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 communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any such state.
 -0- 1/19/93
 /CONTACT: Barrett C. O'Donnell of InfoMed Holdings, Inc., 609-987-8635, or Sam Witchel of Scharff, Witchel & Co., Inc., 212-983-1060, for InfoMed Holdings, Inc./
 (SCPT)


CO: InfoMed Holdings, Inc. ST: New Jersey IN: SU: OFR

SH-OS -- NY073 -- 6447 01/19/93 14:40 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:316
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