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AMERICARE HEALTH GROUP ENTERS DISCUSSIONS WITH CYBEX

 EAST ISLIP, N.Y., May 10 /PRNewswire/ -- Americare Health Group, Inc. (AHGR), a publicly held Delaware corporation engaged in the provision of services and equipment to the medical and chiropractic professions, today announced that it has entered into discussions with Cybex, Inc., a division of Lumex, Inc. (AMEX: LUM), to form a joint venture or strategic business unit for the purpose of acquiring all of the assets, intellectual properties and equipment owned by Cybex in conjunction with its back testing equipment division, in exchange for a quantity of Americare securities and warrants to purchase securities under negotiation.
 Pursuant to the guidelines of the letter of intent, Cybex would also provide Americare with adequate working capital for the new subsidiary and agree to provide management, material and public relations assistance.
 -0- 5/10/93
 /CONTACT: Paul F. Caviglia Jr., 516-277-5231, for Americare/
 (LUM)


CO: Americare Health Group, Inc.; CYBEX, Inc. ST: New York IN: MTC SU:

GK-LD -- NY003 -- 6282 05/10/93 08:00 EDT
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Publication:PR Newswire
Date:May 10, 1993
Words:164
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