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MEDICAL PROPERTIES ANNOUNCES EXEMPTION FROM CERTAIN LISTING REQUIREMENTS GRANTED BY AMEX

 ENCINO, Calif., June 2 /PRNewswire/ -- Medical Properties Inc. (AMEX: MPP) today announced that the American Stock Exchange has granted an exemption from certain listing requirements until July 1, 1993.
 The company is in non-compliance with certain listing requirements, primarily because of losses incurred for the last two years as well as the first quarter ended March 31, 1993, the low market value of its common stock and lower than required stockholders' equity.
 The company expects to be removed from listing on the American Stock Exchange on or about July 1, 1993. Further, the company is unable to predict the possible impact on the market value of its common stock by removal of the listing with the American Stock Exchange and being able to be traded only in the over-the-counter market.
 Medical Properties is a real estate investment trust engaged in investing in health care-related facilities.
 -0- 6/2/93
 /CONTACT: William Hartauer, president of Medical Properties, 818-902-2270; or Melvyn S. Rifkind of Melvyn S. Rifkind Inc., 818-783-8323, for Medical Properties/
 (MPP)


CO: Medical Properties Inc. ST: California IN: HEA SU:

LS-JB -- LA017 -- 4483 06/02/93 12:58 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:189
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