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AMERICAN MEDICAL TECHNOLOGIES ANNOUNCES MAJOR FINANCING TRANSACTION

 HOUSTON, Aug. 18 /PRNewswire/ -- American Medical Technologies, Inc. ("AMT") (NASDAQ SMALL CAP: AMOT), a Houston-based environmental manufacturing and medical waste management services company, today announced a major financing transaction whereby it borrowed $3.2 million from Waste Systems, Inc. ("WSI"), a holding company controlled by the Edelhoff and Rethmann families of Germany. The transaction was in connection with a letter of intent announced earlier this week whereby 3CI Complete Compliance Corporation ("3CI") (NASDAQ SMALL CAP: TCCC), a subsidiary of AMT, proposes to acquire certain medical waste operating companies owned by WSI.
 The terms of the loan agreement provide for the payment of principal and interest, which accrues at the rate of 8 percent per annum, at maturity on Nov. 15, 1994. The loan is secured by a pledge of 853,333 shares of 3CI common stock owned by AMT. Solely at its own option, AMT has the right to pay principal and interest on the loan by delivering shares of 3CI common stock in lieu of cash. The shares, which are valued for such purposes at $3.75 per share, are restricted pursuant to the Securities Act of 1933, as amended. AMT and its affiliates presently own 2,136,000 shares of 3CI common stock (61 percent).
 According to James T. Rash, chairman of the board, "This transaction has significantly strengthened the financial position of AMT, as the majority of the loan proceeds were utilized to replace 12 percent, short-term notes, previously issued to finance the acquisition of Tidel Engineering, Inc., with lower cost, long-term financing." Further, he stated that the unique provisions concerning repayment of principal and interest provide AMT with considerable flexibility with respect to its investment in 3CI.
 Rash also said that he expects 3CI to become a much stronger and more growth oriented company subsequent to the proposed combination with the medical waste companies controlled by WSI, and that AMT will benefit by continuing to maintain a substantial ownership position in the combined entities.
 -0- 8/18/93
 /CONTACT: Leonard A. Bedell or Leonard Carr of AMT, 713-783-8200/
 (AMOT)


CO: American Medical Technologies, Inc. ST: Texas IN: ENV SU: FNC

PS-OS -- NY016 -- 3839 08/18/93 10:27 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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