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MEDCROSS BOARD OKAYS 1-15 REVERSE STOCK SPLIT EFFECTIVE OCT. 16

 MEDCROSS BOARD OKAYS 1-15 REVERSE STOCK SPLIT EFFECTIVE OCT. 16
 ST. PETERSBURG, Fla., Sept. 21 /PRNewswire/-- The board of directors of Medcross, Inc. (NASDAQ: MDCR) announced today a 1-for-15 reverse split of the company's common stock for holders of record on Oct. 16, 1992. Shareholders of the company authorized the action at the annual meeting of shareholders on Sept. 11, 1992.
 The split will result in the conversion of 9,337,060 common shares currently outstanding to approximately 622,500 common shares.
 Medcross President Robert M. Irvin said the reason for the split is to increase the price per share, enabling the company to apply for reinstatement to the National Association of Securities Dealers (NASD) over-the-counter market. The company's stock at present is quoted on the NASD bulletin board.
 Irvin said that a whole share will be issued in place of a fractional share when a shareholder's pre-split holdings are not evenly divisible by 15. He said new stock certificates will be issued "soon as possible" after the Oct. 16 effective date.
 Medcross forms and operates joint ventures that employ the latest medical diagnostic and therapeutic technologies.
 -0- 9/21/92
 /CONTACT: Robert M. Irvin, president of Medcross, Inc., 813-521-1793; or Investor Relations Consultants, Inc., 813-796-1452, for Medcross, Inc./
 (MDCR) CO: Medcross, Inc. ST: Florida IN: HEA SU:


AW -- FL013 -- 1744 09/21/92 13:56 EDT
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Publication:PR Newswire
Date:Sep 21, 1992
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