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ADVANCED MEDICAL ANNOUNCES PAYMENT OF DIVIDEND ON AND MANDATORY PARTIAL REDEMPTION OF ITS 10 PERCENT CUMULATIVE PREFERRED STOCK

 SAN DIEGO, March 23 /PRNewswire/ -- Advanced Medical Inc. (AMEX: AMA) announced today that it will pay the semi-annual dividend of $.50 per share on its 10 percent cumulative preferred stock on April 8, 1993, to holders of record as of the close of business on April 1, 1993.
 Advanced Medical Inc. also announced that it has called for redemption on April 20, 1993, at the redemption price of $10 per share, an aggregate of 390,011 shares of its 10 percent cumulative preferred stock. The redemption will be made ratably in accordance with the share holdings of holders of record as of the close of business on April 1, 1993.
 Upon completion of this redemption, the company will have redeemed a total of 1,195,522 of the 1,594,013 cumulative preferred shares outstanding.
 Mellon Securities Transfer Services, New York City, will serve as the payment agent for the dividend.
 Advanced Medical Inc., through its IMED Corp. subsidiary, is one of the country's largest manufacturers of intravenous infusion pumps and disposable administration sets.
 -0- 3/23/93
 /CONTACT: Stanley S. Anders III, interim president and chief financial officer of Advanced Medical, 619-566-0426/
 (AMA)


CO: Advanced Medical Inc. ST: California IN: MTC SU:

EH -- SD002 -- 8629 03/23/93 11:26 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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