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HEALTHCARE IMAGING SERVICES, INC. ANNOUNCES EXTENSION OF WARRANT EXERCISE PRICE REDUCTION PERIOD

 MIDDLETOWN, N.J., June 4 /PRNewswire/ -- HealthCare Imaging Services, Inc. (NASDAQ: HISS) announced today that it has extended the period of time during which the exercise price of its redeemable common stock purchase warrants would be reduced from $7 to $4 per share for an additional 30 days (until July 7, 1993), at which time the exercise price will return to $7 per share.
 The company further stated that a post-effective amendment to the registration statement relating to the common stock issuable upon exercise of the warrants has been filed with the Securities and Exchange Commission. Once the post-effective amendment to the registration statement is declared effective by the Securities and Exchange Commission, a prospectus covering the common stock will be mailed to the company's warrantholders and exercise of the warrants by the warrantholders will then be accepted by the company. This announcement shall not continue an offer by the company to accept the exercise, or the solicitation of the exercise, of the warrants nor shall there be any acceptance of the exercise of warrants or the issuance of the common stock underlying the warrants in any state in which such offer, solicitation, acceptance or issuance would be unlawful under the securities laws of such state.
 On July 10, 1992, the company had announced that the exercise price of the warrants was being reduced from $7 to $4 per share for a period of 60 days until Sept. 8, 1992. Since July 10, 1992, the exercise price of the warrants has been reduced from $7 to $4 per share. As of the date hereof, an aggregate of 313,770 common shares have been issued upon exercise of warrants during the period in which the exercise price of the warrants has been reduced.
 HealthCare Imaging Services, Inc. is a healthcare management and services company that supplies state-of-the-art healthcare equipment, facilities and services to physicians, hospitals and other healthcare providers.
 -0- 6/4/93
 /CONTACT: Calvin M. Sprung, vice president of finance of HealthCare Imaging Services, Inc., 908-224-9292/
 (HISS)


CO: HealthCare Imaging Services, Inc. ST: New Jersey IN: HEA SU:

PS-LR -- NY018 -- 5369 06/04/93 10:31 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
Words:357
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