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SOMANETICS ANNOUNCES EXTENDED REDEMPTION PERIOD FOR CLASS B WARRANTS AND REVISED SHIPPING SCHEDULE

 TROY, Mich., Dec. 23 /PRNewswire/ -- Somanetics Corporation (NASDAQ-NMS: SMTS) announced today that it has extended the redemption period for its Class B Warrants (NASDAQ-NMS: SMTSZ) until Sept. 29, 1993, to allow more time for its Class B Warrant holders to complete their exercises. On March 31, 1992, the company gave notice that it would redeem the Class B Warrants, and as of April 22, 1992, the company extended the redemption date of the Class B Warrants to Feb. 24, 1993. Pursuant to today's announcement, the last day to exercise Class B Warrants will be Tuesday, Sept. 28, 1993. In addition, an additional five day broker-protect period will be in effect.
 Somanetics also announced that it currently expects to begin shipping its INVOS(R) 3100 Cerebral Oximeters and SomaSensors(R) for sale during the second fiscal quarter ending May 31, 1993. In early December 1992, the company said it was experiencing delays, including supplier delays, in delivering its first commercial shipments. Today, the company said that these delays include the need for certain retooling and manufacturing procedure changes for the company's SomaSensor supplier as well as final testing and verification prior to sale.
 "Having just returned from three major trade shows, we know that physicians are anxiously awaiting our device for managing their patients. We are making every effort to satisfy this market need as soon as possible," said Gary D. Lewis, Somanetics' chairman, president and chief executive officer.
 The INVOS 3100 Cerebral Oximeter is a compact, portable monitor consisting of a small disposable sensor that transmits and receives light, a computer to analyze the data and a monitor to display the results. Without sufficient oxygen, brain cells die within minutes, possibly resulting in paralysis, complex disabilities, irreversible brain damage or even death. The Cerebral Oximeter is intended for use in a hospital's operating room, recovery room, intensive care unit and emergency room.
 -0- 12/23/92
 /CONTACT: Mary Ann Robb, director of Corporate Communications, Somanetics Corporation, 313-689-3996/
 (SMTS)


CO: Somanetics Corporation ST: Michigan IN: MTC HEA SU:

JG -- DE012 -- 9529 12/23/92 11:33 EST
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Publication:PR Newswire
Date:Dec 23, 1992
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