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MEDGROUP ANNOUNCES JOINT VENTURE

 ENCINO, Calif., Sept. 13 /PRNewswire/ -- MedGroup, Encino, today announced it has joined Albemarle Investments Ltd., U.K., in a Joint Venture to manufacture, market and distribute the Merlin 360 Car Seat for the handicapped and others needing assistance entering or exiting a vehicle. The seat is installed in any car in less than one hour. It replaces the front passenger or drivers side seat.
 The Merlin 360 is patented worldwide. It was developed in England by RMB Torbay Ltd. who has licensed the Joint Venture to exploit the product in all markets. The Joint Venture will manufacture the product in the United States and the United Kingdom.
 The seat is electronically controlled, rotates 360 degrees, and is operated by the user, driver or attendant. The company estimates the market to be 250,000 to 300,000 units per year. Current backlog is 8,000 units. The Merlin is priced at $2,500 installed.
 The Merlin has been approved for sale by the Ministry of Transport, U.K., and the E.C. No approvals are required for the sale of the Merlin in the United States.
 MedGroup has invested 250,000 shares and 200,000 USD for an 80 percent majority participation in the Joint Venture. MedGroup has further agreed to initially fund the Joint Venture with a private placement in Europe of 1 million (1,000,000) shares of stock.
 -0- 9/13/93
 /CONTACT: Robert McGuire of MedGroup, 818-783-6035, or Stanley Schulman for Albemarle Investment, 818-884-5969/


CO: MedGroup Inc.; Albemarle Investments Ltd. ST: California IN: HEA SU: JVN

JB-LS -- LA032 -- 1424 09/13/93 15:55 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
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