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MEDCROSS REVISES REVERSE STOCK SPLIT RATIO

 MEDCROSS REVISES REVERSE STOCK SPLIT RATIO
 ST. PETERSBURG, Fla., Oct. 13 /PRNewswire/ -- The board of directors


of Medcross, Inc. (OTC Bulletin Board: MDCR) has revised the ratio by which the company's common stock will be reverse split to meet the NASDAQ listing requirements. The board has also adjusted the effective date of the reverse split.
 Medcross President Robert M. Irvin said that the board voted to change the ratio to 1 for 7 from the 1-for-15 ratio, which was previously announced. The reverse split will be effective as of the close of business on Oct. 23, 1992.
 Irvin stated that the board felt the recent increase in the company's stock price made a 1-for-15 reverse split unnecessary to meet the NASDAQ listing requirements. Those requirements can now be satisfied with a reverse split of 1-for-7.
 Medcross forms and operates joint ventures that employ the latest medical diagnostic and therapeutic technologies.
 -0- 10/13/92
 /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:


JB-AW -- FL010 -- 9512 10/13/92 16:43 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
Words:190
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