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MEDICAL DEVICES, INC. CALLS WARRANTS FROM PRIVATE PLACEMENT

 ST. PAUL, Minn., Jan. 18 /PRNewswire/ -- Medical Devices, Inc. (NASDAQ: MDEV) (MDI) announced today that it is calling for redemption, effective Feb. 18, 1993, the warrants to purchase 420,000 shares of common stock it issued in an equity private placement in 1992. The warrants, which are redeemable at $.05 per share, will remain exercisable to purchase common stock at an exercise price of $1.00 per share until Feb. 11, 1993. Shares issued upon exercise of the warrants will be restricted shares for purposes of applicable securities laws.
 If all warrants are exercised, MDI would have 3,348,938 shares outstanding, excluding options, and will receive approximately $420,000.
 According to David Kaysen, president and CEO, "This additional cash infusion will allow us to continue to aggressively invest in our direct marketing effort through our Rehabilicare Systems(TM) Division. Because this call for redemption of these warrants is earlier than expected, this cash infusion should accelerate our opportunity for revenue growth for fiscal 1993 and beyond."
 Medical Devices, Inc. is a leading designer and manufacturer of electromedical rehabilitation and pain management products. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol "MDEV."
 -0- 1/18/93
 /CONTACT: David B. Kaysen, president and CEO, or Jeffrey P. Shields, vice president of finance, 612-631-0590, both of Medical Devices/


CO: Medical Devices, Inc. ST: Minnesota IN: MTC SU:

AL -- MN010 -- 5998 01/18/93 16:32 EST
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Date:Jan 18, 1993
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