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/REPEATING FROM YESTERDAY FOR POINTS REQUESTING/

 /REPEATING FROM YESTERDAY FOR POINTS REQUESTING/
 HAILEY ENERGY CORP. ANNOUNCES AGREEMENT WITH LANGDON MEDICAL
 SAN DIEGO, Sept. 9 /PRNewswire/ -- Hailey Energy Corp. (NASDAQ: HECC) today announced the signing of an agreement with Langdon Medical Inc. of Bedford, N.H. for exclusive worldwide manufacturing and marketing rights to a new Cytology Device. Because the procedure will be accomplished in the doctor's office, it is expected to reduce what is now a $3,000 to $5,000 in-hospital biopsy procedure to one of less than one-eighth (1/8) that amount. The cost reduction for both patients and their insurance carriers is expected to receive strong support from the health insurance carriers and should offer hope to all Americans in the continuing struggle to control health-care costs. The Cytology Device enables doctors to diagnose a number of common cancers and other diseases, earlier, faster and more accurately than current methods allow.
 The terms of the agreement call for the issuance of restricted common stock equivalent to 9.999 percent of the outstanding shares at the time of the signing of the agreement. In addition, Langdon Medical will receive a 9.0 percent royalty based on the average retail prices less bad debts and returns, plus $300,000. The payment terms call for the delivery of $100,000 upon the signing of the agreement, $100,000 in 90 days and the balance in 180 days.
 Hailey Energy Corp. operates two primary businesses: the exploration and development of oil and gas reserves, and the manufacturing and marketing of specialty medical products.
 -0- 9/9/92 R
 /CONTACT: James Ross of Hailey Energy, 619-689-9327/
 (HECC) CO: Hailey Energy Corp.; Langdon Medical Inc. ST: California, New Hampshire IN: MTC OIL SU:


LS-JB -- SD003 -- 7950 09/10/92 11:04 EDT
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Date:Sep 10, 1992
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