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APPLIED BIOMETRICS, INC. ANNOUNCES COMPLETION OF PRIVATE OFFERING

BURNSVILLE, Minn., March 7 /PRNewswire/ -- Applied Biometrics, Inc. (the "Company") (Nasdaq: ABIO) announced today that it completed a private placement of 860,000 shares of its common stock at a price of $6.00 per share on March 4, 1996, for net proceeds to the Company of approximately $4,644,000. Miller, Johnson & Kuehn Incorporated, acted as Selling Agent. After the offering, Applied Biometrics, Inc. has 3,862,220 shares outstanding.

The Company develops and manufactures devices to measure cardiac output: the amount of blood pumped from a patient's heart throughout the body. The Company's products have potential applications in the operating room, post-anesthesia recovery room and in intensive/critical care units during and after a medical procedure has been performed. The Company intends to use the net proceeds of the offering to fund operations, including sales and marketing, research and development, and expansion of manufacturing.

The Company's common stock is traded on the Nasdaq Market.
 -0- 3/7/96


/CONTACT: Joseph A. Marino, President, or Gerald J. Prescott, Chief Financial Officer of Applied Biometrics, Inc., 612-890-1123/

(ABIO)

CO: Applied Biometrics, Inc. ST: Minnesota IN: MTC SU: OFR

KW-KG -- MNTH024 -- 1372 03/07/96 18:00 EST
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Publication:PR Newswire
Date:Mar 7, 1996
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