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$3 MILLION PLUS CLOSES MODAMI PRIVATE PLACEMENT OFFERING

 BOCA RATON, Fla., July 6 /PRNewswire/ -- Effective July 1, 1993, Modami Services, Inc. (NASDAQ: MDMI) closed its private placement offering, raising a total in excess of $3 million.
 The placement was managed by Michigan Securities & Underwritings in East Lansing, Mich. and was designed to fund the company's Yogurtrim diet program utilizing is yogurt-based products plus several other projects.
 Modami is presently developing the food products that will be represented as part of its Yogurtrim effort and expects to test the program before the end of this year as an antecedent to a market-by- market roll out in early 1994.
 Paul B. Kravitz, president, indicated, "current funding will be utilized to initiate other efforts that are designed to provide a broader base of revenue streams for the company."
 -0- 7/6/93
 /CONTACT: Paul B. Kravitz, president of Modami Services, 407-995-0605/
 (MDMI)


CO: Modami Services, Inc. ST: Florida IN: HEA FOD SU: OFR

AW-JB -- FL011 -- 8661 07/06/93 13:40 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
Words:161
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