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PRINCETON DENTAL MANAGEMENT CORPORATION ANNOUNCES PROPOSED PRIVATE PLACEMENT

 HOLIDAY, Fla., Jan. 5 /PRNewswire/ -- Terry Gingle, chairman and CEO of Princeton Dental Management Corporation (NASDAQ: PDMC) ("PDMC"), announced today that PDMC has engaged Rodman & Renshaw, Inc. for the purpose of arranging a private placement of approximately $10-$15 million of convertible subordinated debt or other junior securities with qualified institutional investors. PDMC would use the proceeds to acquire established and profitable dental practices, consistent with its acquisition and consolidation strategy. The private placement will be subject to a variety of contingencies, including market conditions at the time of the offering. PDMC expects that the private placement will be completed around the end of the first quarter of 1994.
 -0- 1/5/94
 /CONTACT: Terry D. Gingle, chairman of the board and chief executive officer, Princeton Dental Management, 813-942-3600/
 (PDMC)


CO: Princeton Dental Management Corporation ST: Florida IN: HEA SU:

AW-PC -- FL006 -- 9255 01/05/94 10:14 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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