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SHEFFIELD MEDICAL TECHNOLOGIES JOINS THE AMERICAN STOCK EXCHANGE; COMPANY PREVIOUSLY TRADED ON NASDAQ

 NEW YORK, Nov. 19 /PRNewswire/ -- The American Stock Exchange today began trading the common shares and warrants of Sheffield Medical Technologies Inc. The company previously traded its shares on the Nasdaq Small Cap Market.
 The company's common, (symbol: SHM), opened on a quotation of 3-3/4 (bid) to 3-7/8 (ask).
 The company's warrants, (symbol: SHM.WS) opened on a quotation of 1-3/8 (bid) to 1-1/2 (ask).
 AGS Specialist Partners has been selected as the company's specialist firm.
 Sheffield Medical Technologies, based in Houston, Texas, provides funding for biomedical research and development projects and seeks manufacturing and marketing agreements with established biomedical or pharmaceutical companies. The company currently is engaged in various clinical research and development projects involving HIV/AIDS, ovarian cancer, and in diagnostic and therapeutic processes for prostate cancer.
 Douglas Eger, president and chief executive officer of Sheffield Medical said, "The listing of Sheffield on the AMEX exchange is an important step in the maturation of the company as we proceed towards potential commercialization of our technologies. We are currently involved in an HIV/AIDS program, for which we are entering into a Phase IIA trial at Johns Hopkins University, and an ovarian cancer diagnostic project being conducted at Baylor College of Medicine."
 The American Stock Exchange is unique among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies and a principal market for derivatives. The American Stock Exchange is dedicated to providing both public and professional investors with superior trading products and services at competitive prices.
 -0- 11/19/93
 /CONTACT: Melissa Grand, manager - communications of American Stock Exchange, 212-306-1635/
 (SHM)


CO: Sheffield Medical Technologies Inc. ST: Texas IN: MTC SU:

SH -- NY050 -- 6547 11/19/93 12:51 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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