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ADVANCED MATERIALS GROUP ANNOUNCES ACQUISITION

 CARSON, Calif., Aug. 20 /PRNewswire/ -- Advanced Materials Group (OTC: ADMG) announced its acquisition of a minority interest in Time Release Sciences Inc., a New York-based producer of specialty hydrophilic polyurethane foams which are used in the medical, clean room, cosmetic and environmental markets. The purchase price and exact terms of the deal were not announced.
 "We are very pleased to make this investment in such a fast-growing, exciting company such as Time Release Sciences. The opportunities inherent in this product line, which we will assist in distributing and marketing, are significant, and Advanced Materials Group is pleased to become a partner with Time Release Sciences," stated Michael W. Crow, chairman and chief executive officer of Advanced Materials Group.
 Advanced Materials Group is actively pursuing acquisition and investment opportunities in the specialty materials and industrial products field. The focus of Advanced Materials Group will be to develop niche markets using proprietary engineered materials, particularly hydrophilic polyurethane polymers. The ability to engineer materials sometimes called biomaterials is an exciting play in the coming years and can solve many industrial and consumer problems with current products.
 AMG is a leading manufacturer and fabricator of polymers, foams, foils, films and pressure-sensitive adhesive composites to industrial customers. AMG intends to become the leading industrial producer of technical foams, foam composites and related special polymeric systems, specifically, hydrophilic polyurethane used in waterproof, breathable fabrics.
 -0- 8/20/93
 /CONTACT: Michael W. Crow, chairman, 619-929-7200, or Jerry Fullerton, CFO, 310-549-5444, both of Advanced Materials Group/
 (ADMG)


CO: Advanced Materials Group; Time Release Sciences Inc. ST: California IN: SU: TNM

JL-LS -- SD001 -- 4621 08/20/93 09:05 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
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