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SUNPORT MEDICAL ANNOUNCES SHARE REPURCHASE PROGRAM

 VANCOUVER, British Columbia, June 10 /PRNewswire/ -- Sunport Medical Corp. (Vancouver: SMQ) began as a profitable venture in April 1992 and has expanded its earnings per share consistently over the last three quarters. In management's view, Sunport's present per share price is undervalued. Therefore, subject to the approval of Vancouver Stock Exchange ("Exchange"), the board intends to make, over the next six months, a "Normal Course Issuer's Bid" to purchase up to 400,000 shares of Sunport through the facilities of the Exchange and NASDAQ at the then prevailing price, but not more than $2.50 U.S. per share.
 Sunport Medical Corp. is rapidly positioning itself to be an important and flexible medical force in the future of health care in the United States. By establishing a seasoned management team that can react and adapt to rapid industry changes, Sunport Medical Corp. is ideally positioned to embrace the new American health care system.
 As a medical acquisition company that specializes in profitable and complementary health and medical services, the eleven current medical facilities in Texas are managed by a strong localized team of health care administrators and professionals. Sunport has continually emphasized quality medical management as an integral part of its cost containment and utilization management philosophy. The Sunport Medical facilities have gained favorable agreements by many federally qualified managed care plans and the local medical community is recognizing and appreciating Sunport's plan for a growing comprehensive community based health care delivery system.
 The purchases will be made from excess working capital and will commence within two trading days of the acceptance by the Exchange of Sunport's "Notice of Intention" to make a "Normal Course Issuer's Bid." Sunport said it hopes to submit a draft notice to the Exchange forthwith for approval.
 Address any questions regarding Sunport Medical Corp., or its subsidiaries or shares, to Richard Pyburn, senior vice president, Sunport Medical Corp., 2424 Babcock Rd., Suite 300, San Antonio, TX 78229. The phone number is 210-614-2900.
 -0- 6/10/93
 /CONTACT: Richard Pyburn, senior VP of Sunport Medical, 210-614-2900/
 (SMQ.)


CO: Sunport Medical Corp. ST: British Columbia, Texas IN: MTC SU:

LS -- LA012 -- 0469 06/10/93 09:04 EST
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Publication:PR Newswire
Date:Jun 10, 1993
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