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FIRSTAT OF AMERICA ANNOUNCES SUCCESSFUL COMPLETION OF DEBENTURE OFFERING

 WEST PALM BEACH, Fla., Feb. 17 /PRNewswire/ -- Firstat of America, Inc. (OTC Bulletin Board: FTTA) announced today that its five-year 10 percent convertible debenture offering has been successfully executed. The maximum offering of $1 million was reached and the proceeds will be used to accelerate its national expansion of franchised offices.
 Firstat of America, Inc. is a national franchiser of home health care services, specializing in providing nursing care to patients in their home on a continuous basis. Firstat is now represented in 11 states with 14 offices currently operating and three planned to open in 90 days.
 Firstat stock is publicly traded, Over-the-Counter Bulletin Board symbol FTTA. The market makers are Peterson Brothers Securities Company and R.J. Steichen and Company, both based in Minneapolis.
 -0- 2/17/93
 /CONTACT: Kenneth W. Rickert Jr., president of Firstat of America, 407-684-9000 or 800-845-STAT/
 (FTTA)


CO: Firstat of America, Inc. ST: Minnesota, Florida IN: HEA SU: OFR

AW-JJ -- FL001 -- 7169 02/17/93 09:17 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:165
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