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MEDICAL TECHNOLOGY SYSTEMS TO ACQUIRE GENERIC DRUG PACKAGING COMPANY FROM OWENS & MINOR FOR APPROXIMATELY $3 MILLION

MEDICAL TECHNOLOGY SYSTEMS TO ACQUIRE GENERIC DRUG PACKAGING COMPANY
 FROM OWENS & MINOR FOR APPROXIMATELY $3 MILLION
 CLEARWATER, Fla., May 14 /PRNewswire/ -- Medical Technology Systems, Inc. (NASDAQ-NMS: MSYS) has reached an agreement in principle for a contract to acquire the stock of Vangard Labs, Inc. of Glascow, Ky. from Owens & Minor Inc. (NYSE: OMI) of Richmond, Va. for approximately $3 million in cash. Vangard's net assets of approximately $5 million were discounted substantially to effect the purchase.
 MSYS intends to draw upon its credit facilities with First Florida Bank, N.A. as the primary source of funds for this acquisition. MSYS expects that Vangard's current performance of $7 million in sales should contribute approximately $0.06 per share in after tax profit in fiscal 1993. For the nine months ended Dec. 31, 1991, MSYS reported earnings of $0.28 per share on approximately 3.6 million shares outstanding.
 Vangard packages generic drugs in individual unit doses for the hospital market. MSYS intends to upgrade Vangard's plant with MSYS' new, more advanced, proprietary packaging technology. The purpose is to enable Vangard's operations to become a factor in the nursing home and home healthcare markets.
 MSYS manufactures semi-automated and automated equipment that can package prescription pharmaceuticals in blister pack punch cards significantly faster than existing technology. Nursing homes find the cards to be a more efficient and economical means of administering and monitoring patient medication.
 Harold B. Siegel, president and CEO of Medical Technology Systems, commented that, "The Vangard acquisition completes another step in our plan to vertically integrate the company without dilution to shareholders." In November, MSYS acquired two clinical diagnostic laboratories.
 Medical Technology Systems, Inc. is a growing provider of equipment, supplies and services to pharmacies that service nursing homes and other health care facilities.
 -0- 5/14/92
 /CONTACT: Harold B. Siegel, president of Medical Technology Systems, 800-334-6663, or 813-576-6311; or Gary Fishman and Bob Bogard of the Hudson Stone Group, 212-226-8550/
 (MSYS OMI) CO: Medical Technology Systems, Inc.; Vangard Labs, Inc.;
 Owens & Minor Inc. ST: Florida, Kentucky, Virginia IN: MTC SU: TNM


TQ -- NY001 -- 0007 05/14/92 08:01 EDT
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Date:May 14, 1992
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