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OXBORO MEDICAL INTERNATIONAL ANNOUNCES SECOND QUARTER RESULTS

 OXBORO MEDICAL INTERNATIONAL ANNOUNCES SECOND QUARTER RESULTS
 MINNEAPOLIS, May 15 /PRNewswire/ -- Oxboro Medical International, Inc. (NASDAQ: OMED) issued the following results today:
 2nd Quarter 3/31
 1992 1991
 Net Sales $776,604 $670,350
 Percent Change 15.8 --
 Net Income $172,103 $148,455
 Percent Change 15.9 --
 Net/Share Income $.07 $.06
 Weighted Average Common
 and Common Equivalent Shares
 Outstanding 2,628,953 2,394,560
 Six Months Ended 3/31
 1992 1991
 Net Sales $1,467,203 $1,307,666
 Percent Change 12.2 --
 Net Income $316,254 $293,041
 Percent Change 7.9 --
 Net/Share Income $.12 $.12
 Weighted Average Common
 and Common Equivalent Shares
 Outstanding 2,628,953 2,394,560
 Oxboro Medical International, Inc. is a Minneapolis-based holding company whose wholly owned subsidiary, Oxboro Medical, Inc. is in the business of developing, assembling, and selling medical and surgical devices.
 The increases in net sales resulted from a combination of new customers, increased volume, and new products.
 Gross margin was 75 percent for the first six months of both fiscal 1992 and 1991. However, the gross margin actually improved by 2 percent for the second quarter compared with the first quarter as a result of volume purchases and negotiated agreements with some vendors. The move to new facilities during the first quarter of 1992 initially caused some overall decrease in gross margin but during the second quarter of fiscal 1992, additional efficiencies were obtained.
 Selling, general and administrative expenses during the three months and six months ended March 31, 1992, increased by 4 percent and 5 percent, respectively, as compared to the corresponding periods of the previous fiscal year. The increase in expenditures consists primarily of costs related to compensation and commission increases, including bonuses based on operating results, depreciation related to the new facility, and a variety of miscellaneous expense accounts.
 -0- 5/15/92
 /CONTACT: Harley Haase of Oxboro Medical International 612-473-1625/
 (OMED) CO: Oxboro Medical International Inc. ST: Minnesota IN: MTC SU: ERN


AL -- MN002 -- 0674 05/15/92 10:52 EDT
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Date:May 15, 1992
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