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INFOMED HOLDINGS COMMENCES EXCHANGE OFFER

 PRINCETON, N.J., July 28 /PRNewswire/ -- InfoMed Holdings, Inc. (IHI) today announced that it had commenced its exchange offer for the equity securities of Script Systems, Inc. (NASDAQ: SCPT) and InfoMed, Inc., a privately held company. Pursuant to its exchange offer, IHI is offering to exchange 0.4 of a share of IHI common stock for each share of Script common stock and 139,737 shares of IHI common stock for all 67,500 shares of Script series B preferred stock. IHI is also offering to exchange 2.72 shares of its common stock for each share of InfoMed common stock, 370,784 shares of IHI common stock for all 10,000 shares of InfoMed series A preferred stock and 3.2 shares of IHI common stock for each share of InfoMed series B preferred stock.
 Josephthal Lyon & Ross Incorporated is acting as dealer-manager for the exchange offer which is set to expire at 11:59 p.m. on Aug. 26, 1993. An offering circular/prospectus, letter of transmittal and other related material can be obtained from the dealer-manager. Upon the successful consummation of the exchange offer, IHI would become a holding company for InfoMed and Script.
 InfoMed is a leading provider of management information systems for the home health care industry. Script is a leading supplier of management information systems for health care providers including medical and dental offices, clinics, hospital departments and pharmacies.
 This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any jurisdiction.
 -0- 7/28/93
 /CONTACT: Barrett C. O'Donnell of InfoMed Holdings, Inc., 609-987-8635, or Sam Witchel of Scharff, Witchel & Co., Inc., 212-983-1060, for InfoMed Holdings, Inc./
 (SCPT)


CO: InfoMed Holdings, Inc.; Script Systems, Inc. ST: New Jersey IN: HEA SU:

MP-OS -- NY089 -- 6836 07/28/93 15:05 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
Words:334
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