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ADVANCED MAMMOGRAPHY SYSTEMS, INC. ANNOUNCEMENT FOR INITIAL PUBLIC OFFERING

 WILMINGTON, Mass., Jan. 25 /PRNewswire/ -- Advanced Mammography Systems, Inc. (NASDAQ: MAMO), a wholly owned subsidiary of Advanced NMR Systems, Inc. (NASDAQ: ANMR), announced today an initial public offering of 1,290,000 shares of Common Stock at an initial public offering price of $6.00 per share through D.H. Blair Investment Banking Corp. as underwriter. The underwriter had been granted an over-allotment option to purchase up to an additional 193,500 shares.
 The net proceeds of the offering will be used for research and development, to repay bridge notes and certain advances made by Advanced NMR to Advanced Mamography and for working capital purposes.
 Advanced Mammography is a development stage company which was organized to acquire and develop proprietary technology in order to design, manufacture and commercialize a dedicated (or partial body) Magnetic Resonance Imaging (MRI) scanner for mammography. Advanced NMR is engaged in the development and manufacture of a high-speed Echo Planer Imaging retrofit for MRI Systems.
 -0- 1/25/93
 /CONTACT: Marion Waddington of Advanced NMR Systems, Inc., 508-657-8876/
 (MAMO ANMR)


CO: Advanced NMR Systems, Inc. ST: Massachusetts IN: MTC SU: TNM

DD -- NE017 -- 8679 01/25/93 15:59 EST
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Publication:PR Newswire
Date:Jan 25, 1993
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