Printer Friendly

EVRO FINANCIAL ANNOUNCES LETTER OF INTENT

EVRO FINANCIAL ANNOUNCES LETTER OF INTENT
 RAPID CITY, S.D., June 11 /PRNewswire/ -- Evro Financial Corporation (NASDAQ: EVRO), a public company headquartered in Rapid City, has announced the signing of a letter of intent to merge with Lintronics Technologies, Inc., a Florida corporation and developer of two advanced breast examination technologies, the LINTRO-SCAN(TM) and the MAMMO- SCAN(TM).
 Evro Financial is a pioneer in expanding the recreational vehicle market, while developing 11 custom recreational vehicle ranches in five Southwestern states and establishing the Camper Ranch Club of America with over 6,500 members.
 With its base in Tampa, Fla., Lintronics has secured, and is securing dealers throughout the country for their diagnostic machines. The LINTRO-SCAN details changes within the breast without exposing the patient to radiation through the use of a patented high intensity light source, which is captured on 8mm video tape by a specially designed near infrared camera and lens. The tape can be reviewed by the patient's physician or sent to a radiologist for interpretation. The test takes three to five minutes, requires no painful breast compression and is reimbursable.
 Lintronics President David B. Howe stated that this new association is in keeping with the rapid growth that Lintronics has enjoyed.
 "With over $7 million in orders received in the last 90 days," Howe said, "we can readily show that the public and the medical community are ready for the LINTRO-SCAN. We have a product that will help women and physicians in the early detection of breast cancer while not exposing them to radiation, so a new association with a public company of Evro's stature will give us the necessary profile to further develop our markets."
 After completion of the merger, Lintronics shareholders will own over 90 percent of the newly combined companies. The new company will retain the name Lintronics Technologies, Inc. with executive offices and an assembly facility in Tampa.
 Evro Financial is traded on the NASDAQ under the symbol EVRO.
 -0- 06/11/92
 CONTACT: Dale A. Fullerton of Evro, 605-348-2135, or Dominick F. Maggio of Lintronics, 813-664-0500
 (EVRO) CO: EVRO FINANCIAL CORPORATION; LINTRONICS TECHNOLOGIES,
 INC.


IN: FIN MTC SU: TNM ST: SD,FL -- MN003 -- X636 06/11/92
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 11, 1992
Words:366
Previous Article:FIRST INVESTORS REACHES SETTLEMENT WITH SEC
Next Article:MAJESTIC CONTRACTORS LIMITED ANNOUNCES CORPORATE CHANGES
Topics:


Related Articles
EVRO FINANCIAL CORP. ANNOUNCES LETTER OF INTENT
EVRO FINANCIAL ANNOUNCES WITHDRAWAL FROM LETTER OF INTENT
EVRO FINANCIAL ANNOUNCES ACQUISITION
LINTRONICS TECHNOLOGIES SIGNS A-MED AS MEDICAL EQUIPMENT DEALER FOR SALE OF PRODUCTS
AMERICAN CLINICAL LABS SIGNS AGREEMENT WITH WESTCAP EQUITY MANAGEMENT
EVRO FINANCIAL SUBSIDIARY ANNOUNCES HEIGHTENED INTEREST IN ADVANCED BREAST EXAMINATION TECHNOLOGIES
EVRO FINANCIAL TO ACQUIRE COMPUTER-AIDED LASER SCANNING UNIT AND PROPRIETARY SOFTWARE FROM DYNAMED TECHNOLOGIES
MAYBE YOU HAVEN'T HEARD ... HELENE CURTIS, MASTER CARD AND SAFETY FIRST! ENDORSE GOOD HEALTH CHANNEL (GHC) WITH NATIONAL ADVERTISING COMMITMENTS
Baxter International Enhances Distribution Channels.
Corgenix Announces First Quarter Results and Merger Update.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters