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BIOPLASTY CLARIFIES RECORD DATE EXTENSION

 MINNEAPOLIS, Oct. 8 /PRNewswire/ -- Bioplasty, Inc. announced today that its press release dated Oct. 6, 1993 regarding the change in the record date affecting the equity holders in its Plan of Reorganization under Chapter 11 was misinterpreted and needs further explanation.
 Pursuant to the company's proposed Plan of Reorganization, all common stock and options outstanding on the record date would be canceled except for those shares and options for which holders paid a $.50 per share capital contribution.
 The record date for shareholders was previously announced as Oct. 1, 1993; however, due to delays in obtaining approval to distribute the Plan and Disclosure Statement to creditors and equity holders, the record date for shareholders will be changed to a future date as yet undetermined.
 The confirmation date and the effective date of the Plan under Chapter 11 will each be subsequent to the record date. Bioplasty, Inc. expects the effective date of a Plan to be no earlier than Jan. 1, 1994.
 -0- 10/8/93
 /CONTACT: Daniel G. Holman, president and CEO, of Bioplasty, 612-378-1180/


CO: Bioplasty, Inc. ST: Minnesota IN: MTC SU:

AL-KH -- MN009 -- 0135 10/08/93 12:18 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
Words:193
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