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AIR METHODS EXTENDS 1987 PUBLIC WARRANTS TO JUNE 15, 1993

 DENVER, April 23 /PRNewswire/ -- Air Methods Corp. (AMEX: ARF.EC) today announced that the expiration date of the company's publicly traded warrants has been extended from May 15, 1993 to June 15 1993. These warrants, which were issued in the company's 1987 initial public offering, now trade on the American Stock Exchange's Emerging Company Marketplace under the ticket symbol "ARFWS.EC." The exercise price of the warrants is equivalent to $4.50 per share of common stock. The extension will provide the warrant holders sufficient time to fully consider the desirability of exercising the warrants after receiving a prospectus and related information.
 A registration statement filed under the Securities Act of 1933 covering the shares to be issued upon exercise of the warrants has become effective today. The offering of the shares underlying the warrants will be made pursuant to the prospectus.
 The company also announced that it has retained Shareholder Communications Corp. to assist the company in facilitating exercise of the warrants. Copies of the prospectus will be available from Shareholder Communications or they may be obtained from the company upon request.
 Air Methods is the largest exclusive provider of state-of-the-art emergency air medical transportation systems and services to hospitals throughout the United States. Air Methods now serves 43 hospitals located in 13 states under 19 dedicated long-term operating agreements. The company utilizes only IFR-certified pilots and aircraft, including 26 helicopters and five airplanes, to perform these services. In addition, Air Methods offers completely integrated airborne medical systems for administering intensive care to patients while flying to a trauma center or a tertiary care facility, either from outlying hospitals or the scene of an accident.
 -0- 4/23/93
 /CONTACT: W. Terrance Schreier or William H. Critchfield of Air Methods, 303-790-0587/
 (ARF)


CO: Air Methods Corp. ST: Colorado IN: AIR HEA SU:

BB -- DV004 -- 0242 04/23/93 16:30 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
Words:312
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