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MEDICAL DEVICES, INC. SECURES LINE OF CREDIT IN NEW BANKING RELATIONSHIP

 ST. PAUL, Minn., Feb. 1 /PRNewswire/ -- Medical Devices, Inc. (NASDAQ: MDEV) (MDI) today announced that it has entered into a new banking relationship with Riverside Bank of Minneapolis, including a new $500,000 revolving line of credit. MDI had previously banked with Norwest Bank, N.A. of Minneapolis.
 The $500,000 credit line will be in place until Nov. 1, 1993 with the potential for new terms to be negotiated prior to that time.
 "We are extremely pleased and excited about this relationship with Riverside," stated David B. Kaysen, MDI's president and CEO. Kaysen went on to say, "Everyone at Riverside Bank has been cooperative, interested in our business and eager to work with us. It has been a refreshing and encouraging process. We are looking forward to a long mutually beneficial relationship."
 According to Jeff Shields, vice president of finance, "Access to these funds will allow MDI to manage our daily business effectively while investing our recently raised equity funds in the growth of our business."
 Riverside Bank, established in Minneapolis in 1973, is an independent bank serving small to mid-size businesses in the metropolitan area. The bank has grown to over $100,000,000 in assets by uniquely meeting business needs for responsive lending and deposit services at Riverside's four offices.
 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- 2/1/93
 /CONTACT: David B. Kaysen, president and CEO, or Jeff Shields, vice president of finance, 612-631-0590, both of Medical Devices/
 (MDEV)


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

AL -- MN018 -- 6638 02/01/93 16:06 EST
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Publication:PR Newswire
Date:Feb 1, 1993
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