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AIR METHODS SUCCESSFULLY COMPLETES CONVERSION OF INSTITUTIONAL, PRIVATELY-PLACED, STOCK PURCHASE WARRANTS

 DENVER, Sept. 9 /PRNewswire/ -- Air Methods Corp. (NASDAQ-NMS: AIRM), the nation's largest exclusive provider of air medical services and systems, today announced that 100 percent of its 1993 institutional, privately-placed, common stock purchase warrants have been exercised. This warrant conversion activity culminated in the realization of nearly $5 million in available working capital for the company. The net proceeds from this warrant conversion will be used to fund additional working capital needs of the company and to the extent practicable, retire significant additional portions of its long-term debt.
 W. Terrance Schreier, chairman and chief executive officer, noted that, "This significantly high level of warrant exercise activity is indicative of the increased confidence which investors have shown in the company. Furthermore, attainment of the 100 percent exercise of these warrants is in keeping with our company's dramatic growth prospects."
 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 54 hospitals in 14 states under 21 dedicated long-term operating agreements. The company utilizes only Instrument Flight Rule (IFR)-certified pilots and aircraft, including 30 helicopters and eight 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- 9/9/93
 /CONTACT: W. Terrance Schreier of Air Methods, 303-790-0587; or Malcolm McGuire of CCRI, 800-821-0406/
 (AIRM)


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

BB -- DV002 -- 0104 09/09/93 08:02 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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