MRI MEDICAL ANNOUNCES ENTRY INTO AGREEMENT WITH RESONEX CORP.
MRI MEDICAL ANNOUNCES ENTRY INTO AGREEMENT WITH RESONEX CORP. SAN DIEGO, April 20 /PRNewswire/ -- MRI Medical Diagnostics Inc. (NASDAQ: MRMD) announced today that it has entered into an agreement with Resonex Corp. to open two outpatient imaging facilities that will be centered around the Resonex RX5000 Magnetic Resonance Imaging System. The first center is to be located in Northern California in the Bay Area and should open by Sept. 1, 1992. The second new facility is located in Rhode Island and following completion of C.O.N. requirements should begin operation by Nov. 1, 1992. Each of these centers should have gross revenues of approximately $1.5 million with net income of $600,000 per year. In addition, the company also announced that options on two more centers were concluded as well. Management looks upon these first agreements as the foundation for a long-term profitable relationship with one of the top five manufacturers of MRI equipment in the United States. MRI Medical Diagnostics Inc. develops, finances, owns and operates outpatient health care facilities specializing in state-of-the-art magnetic resonance imaging centers. -0- 4/20/92 R /CONTACT: Arthur E. Quillo, president of MRI Medical Diagnostics, 619-296-5090/ (MRMD) CO: MRI Medical Diagnostics Inc.; Resonex Corp. ST: California IN: HEA SU:
KJ-JL -- SD002 -- 9893 04/20/92 09:33 EDT
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|Date:||Apr 20, 1992|
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