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MEDPLUS ENTERS INTO LETTER OF INTENTWITH RAS SECURITIES FOR $3-5 MILLION FINANCING

 COLORADO SPRINGS, Colo., June 7 /PRNewswire/ -- Medplus Corp. (OTC Bulletin Board: MPPI) announced today that it has entered into a letter of intent with RAS Securities Corp. for an equity financing of between $3 million and $5 million.
 Under the terms of the transaction RAS will act as exclusive placement agent for a minimum of $3 million and a maximum of $5 million via a private placement of Medplus common stock. Upon completion of the transaction, Medplus will enter into an investment banking agreement with RAS and grant certain rights of first refusal regarding future financing over the next three years.
 RAS is headquartered in New York and is a member firm of the NASD and American Stock Exchange. "We are enthusiastic with respect to our relationship with RAS," stated Mark Snyder, president of Medplus. "RAS is an experienced and respected firm with a keen insight into the healthcare, financial and insurance markets," according to Snyder. "They have demonstrated a thorough understanding of our business and its opportunities and we feel comfortable that they will assist the company in its growth plans over the next few years."
 The company indicated that the proceeds from the proposed offering will be utilized to expand its marketing activities to support the efforts of its joint alliances in the healthcare provider marketplace.
 Medplus is a healthcare financial management company headquartered in Colorado Springs, with a field office in Las Vegas. Lincoln Professional Services Corp. and Patient Plus Inc., are wholly owned subsidiaries of Medplus.
 -0- 6/7/93
 /CONTACT: Mark A. Snyder of Medplus, 719-575-0044/
 (MPPI)


CO: Medplus Corp.; RAS Securities Corp. ST: Colorado, New York IN: HEA SU:

MC -- DV005 -- 5998 06/07/93 11:42 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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