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ISOMEDIX INC. ANNOUNCES SHARE REPURCHASE PROGRAM

 WHIPPANY, N.J., June 28 /PRNewswire/ -- Isomedix Inc., (NASDAQ: ISMX) today announced that its board of directors has approved a share repurchase program to acquire in the open market or through privately negotiated transactions from time to time up to 200,000 shares of its common stock. Isomedix said the buyback is expected to begin immediately.
 Isomedix previously announced on June 24 that due to unexpected delays in achieving projected utilization levels at its new ethylene oxide gas sterilization facility in Northbrough, Mass., and its new gamma sterilization facility in Chester, N.Y., its earnings and revenues for 1993 will be below expectations. Isomedix said that such delays were principally due to customer delays in validating products at such facilities. Isomedix also previously said that its revenues are slightly below expectations at its two other EtO facilities.
 As a result, Isomedix also indicated on June 24 that earnings for the quarter ending June 30, 1993 are expected to be $.27 per share as compared to $.28 per share in 1992, on somewhat higher revenues. The company had also stated that revenue growth in 1993 will be less than previously anticipated and earnings in 1993 are likely to be at approximately the same level as in 1992.
 Isomedix Inc., based in Whippany, N.J., operates a network of ten sterilization facilities in eight states and Canada. The capability to sterilize medical devices with pure ethylene oxide has now been added at three of the gamma facility locations. Isomedix also provides validation services through its Skyland Scientific Services subsidiary located in Montana.
 -0- 6/28/93
 /CONTACT: Thomas DeAngelo, vice president - financial administration of Isomedix, Inc., 201-887-4700/
 (ISMX)


CO: Isomedix Inc. ST: New Jersey IN: MTC SU:

MP-LR -- NY051 -- 6277 06/28/93 13:05 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
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