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MEDICAL DEVICES, INC. COMMENCES PUBLIC OFFERING

 ST. PAUL, Minn., Aug. 17 /PRNewswire/ -- Medical Devices, Inc. (NASDAQ-NMS: MDEV)(MDI) announced today that the registration statement for the public offering of 1,000,000 shares of its common stock has been declared effective. MDI is offering the shares at a price of $1.875 per share through John G. Kinnard & Company, Incorporated as underwriter.
 MDI intends to use the proceeds from the offering to reduce outstanding borrowings under its line of credit, to fund product development, to finance sales and marketing expenditures and for other working capital purposes.
 Medical Devices, Inc. is a leading designer and manufacturer of electrotherapeutic rehabilitation and pain management products. The company's common stock trades on the NASDAQ National Market System under the symbol "MDEV."
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities. Such sales are made only by prospectus. A copy of the prospectus relating to these securities may be obtained from John G. Kinnard & Company, Incorporated, 1700 Northstar West, Minneapolis, Minn. 55402.
 -0- 8/17/93
 /CONTACT: David B. Kaysen, president and CEO, or Jeffrey P. Shields, vice president of finance, 612-631-0590, both of Medical Devices/
 (MDEV)


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

DB -- MN010 -- 3716 08/17/93 16:32 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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