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Q-MED ANNOUNCES COMPLETION OF A $1.5 MILLION PRIVATE PLACEMENT

 Q-MED ANNOUNCES COMPLETION OF A $1.5 MILLION PRIVATE PLACEMENT
 LAURENCE HARBOR, N.J., April 9 /PRNewswire/ -- Q-Med, Inc. (NASDAQ: QEKG), today announced the completion of the second and final portion of a private placement of its common stock aggregating $1,500,000.
 Michael W. Cox, president and CEO, commented that "the net proceeds, after reduction of bank debt, will be used to expand its sales and marketing activities in connection with two new product introductions expected in June 1992."
 Cox also commented that "the balance sheet of the company is extremely positive as a result of these developments with pro forma working capital at a current ratio of 2.4:1. Significantly, shareholders' equity has increased to approximately $2,400,000." This financial improvement positions the company for sustained long-term growth, Cox concluded.
 -0- 4/9/92
 /CONTACT: Michael W. Cox, president and CEO of Q-Med, 800-237-2039/
 (QEKG) CO: Q-Med, Inc. ST: New Jersey IN: MTC SU:


SM-GK -- NY001 -- 6574 04/09/92 08:10 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
Words:167
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