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Cell Robotics International Closes Secondary Public Offering.

ALBUQUERQUE, N.M.--(BW HealthWire)--Feb. 6, 1998--Cell Robotics International, Inc. (OTC: CRII) announced today that it has closed a secondary public offering consisting of the sale of 400,000 units at $8.25 per unit.

Each unit consists of one share of convertible preferred stock and two common stock purchase warrants exercisable to purchase common stock at a price of $2.40. Each convertible preferred share is convertible into four shares of common stock upon certain circumstances. The units will trade for 30 days and thereafter the warrants and the preferred stock comprising the unit will trade separately. The proceeds from the offering after deducting the underwriter's discount and non-accountable expenses will be $2,958,127. The managing underwriter for the offering is Paulson Investment Company, Inc. of Portland, OR.

The proceeds of the offering will be used to repay a short-term loan and to support the manufacturing, marketing, selling and distributing of the Company's new medical laser products. The Company's primary marketing and sales program will focus on the Lasette(TM), a laser finger perforator for capillary blood sampling for testing glucose. The Lasette has received clearance from the United States Food & Drug Administration (FDA) for use in glucose testing by adults, including diabetics, in clinical settings.

Cell Robotics International, Inc., also manufactures, markets, and distributes scientific and medical laser devices. These devices include the FDA-cleared RevitaLase(TM), an Erbium:YAG laser for use in dermatological applications, the In Vitro Fertilization (IVF) Workstation(TM) for use in improving the success rate of IVF procedures, and the Cell Robotics Workstation, a research instrument which incorporates the LaserTweezers and LaserScissors for manipulating and cutting cells and chromosomes.

CRII's President and CEO, Dr. Ronald K. Lohrding, will be speaking at the Red Chip Review's San Francisco Investor Conference, February 12, 1998 at 3:00 PM at the San Francisco airport Clarion Hotel.

Additional information is available on the Cell Robotics Web Site at, by e-mail at, or by telephone at 505/343-1131.

CONTACT: Edda Brown or Sean Collins

Richmont Consulting International



Craig Rogers

Vice President for Investor Relations

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Publication:Business Wire
Date:Feb 6, 1998
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