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MRI MEDICAL TECHNOLOGIES ANNOUNCES DISTRIBUTION OF SHARE HOLDINGS

 MRI MEDICAL TECHNOLOGIES ANNOUNCES DISTRIBUTION OF SHARE HOLDINGS
 VANCOUVER, British Columbia, April 8 /PRNewswire/ -- As previously announced, the directors of MRI Medical Technologies Inc. (Vancouver: MMY) approved a distribution of a major portion of its 6,000,000 recently acquired share holdings in MRI Medical Diagnostics Inc. (NASDAQ: MRMD) in the form of a stock dividend to its shareholders of record, dated April 30, 1992. The NASDAQ stock "MRMD" began trading on Feb. 13, 1992, and has had 30-day average price per share of $3.00 U.S. The company will be distributing certificates for the first 1,000,000 shares by approximately May 15, 1992, and this would equate to a value of approximately $3,000,000 U.S. or almost $0.20 per share dividend for the first quarter. The NASDAQ stock is currently restricted from trading under rule 144 of U.S. securities law, but MRMD is attempting to qualify this stock for resale. As such, shareholders of record on April 30, 1992, will obtain a certificate entitling them to the stock distribution when the stock becomes tradeable, which is anticipated to be within the next four to six months.
 Further, the company announced that it intends to make additional distributions of approximately 4,000,000 shares of the original 6,000,000 shares over the next five quarterly periods. Taking into account the company's total outstanding shares, these dividends would be an additional $0.80 over the interim, which would equate to a total dividend distribution of approximately $1 per share for the six-quarter period.
 MRI Medical Diagnostics Inc. develops, finances, owns and operates outpatient health care facilities specializing in state-of-the-art magnetic resonance imaging centers.
 MRI Medical Technologies Inc. currently owns approximately 65 percent control of MRI Medical Diagnostics Inc., which is intended to be dividended to shareholders as indicated.
 -0- 4/8/92
 /CONTACT: Michael A. Sunstein, 619-296-5090; or Kamran Jahanpanah, 800-551-4130, both of MRI Medical Technologies/
 (MRMD MMY.) CO: MRI Medical Technologies Inc.; MRI Medical Diagnostics Inc. ST: California, British Columbia IN: MTC SU: DIV


KJ-CH -- SD001 -- 6087 04/08/92 09:03 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
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