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GV MEDICAL NAMES NEW BOARD IN CONNECTION WITH FINANCING

 GV MEDICAL NAMES NEW BOARD IN CONNECTION WITH FINANCING
 MINNEAPOLIS, April 8 /PRNewswire/ -- GV Medical, Inc.,


(NASDAQ: GVMI) announced today that it has replaced three outside members of its board of directors in connection with its recently completed sale of 4 million shares of common stock in a private placement.
 The company said the following were newly elected directors:
 -- Henry Holterman, a chartered accountant and managing director of Reggeborgh Beheer BV, an investment group in Rijssen, Holland, owned by Dik Wessels and his family.
 -- Rajiv Tandon, PhD, a professor at the University of St. Thomas in St. Paul, Minn. Tandon teaches courses in venture management and franchising in addition to consulting with a variety of corporate clients. He is former vice president and general manager of the Car Rental Division of National Car Rental.
 -- K. Dieter Heidrich, Boulder, Colo., a general partner in Intermountain Technology Partners, L.P.
 Continuing as members of the board are James R. Grabek, president and CEO of GV Medical, and Daryl F. Yurek, the company's chairman of the board.
 Resigning from the board were Richard E. Eichhorn, president of CPT Holdings, Inc., Minneapolis; Wayne R. Huelskoetter, president of Pictographics International Corporation, Burnsville, Minn.; and Manuel F. Cabezas, retired chairman of the board of Pharmacia Deltec, Inc., Minneapolis.
 GV Medical, based in Minneapolis, is currently working with the Massachusetts Institute of Technology and the Cleveland Clinic to develop a new laser system that incorporates both diagnostic and therapeutic features to remove plaque from blocked coronary arteries.
 The company's existing LASTAC(R) laser system is awaiting approval from the U.S. Food and Drug Administration for use in coronary arteries and already has been approved for use in peripheral arteries.
 -0- 4/8/92
 /CONTACT: Curt Swenson of Swenson Falker Eilertsen, 612-371-0000 or James Grabek of GV Medical, 612-559-4000/
 (GVMI) CO: GV Medical, Inc. ST: Minnesota IN: MTC SU: PER


AL -- MN006 -- 6299 04/08/92 13:24 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
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