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EVEREST MEDICAL ANNOUNCES SALE OF CONVERTIBLE NOTE

 EVEREST MEDICAL ANNOUNCES SALE OF CONVERTIBLE NOTE
 MINNEAPOLIS, Feb. 20 /PRNewswire/ -- Everest Medical Corporation


(NASDAQ: EVMD) announced today that on Feb. 19, 1992, it sold a convertible note in the amount of $750,000 to a venture capital organization which is already an investor in the company. The note is convertible into shares of common stock of the company at the rate of $3.50 per share. The note and accrued interest are payable two years from the date of issuance.
 Everest Medical Corporation develops, manufactures and markets surgical and interventional electrosurgical devices. Its BiLAP(R) Probe is intended for use in minimally invasive procedures for removal of the gallbladder.
 -0- 2/20/92
 /CONTACT: Michael J. Hollenhorst of Everest Medical, 612-473-6262/
 (EVMD) CO: Everest Medical Corporation ST: Minnesota IN: MTC SU:


AL -- MN016 -- 1123 02/20/92 16:57 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 20, 1992
Words:141
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