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NU-MED ANNOUNCES NASDAQ DE-LISTING

NU-MED ANNOUNCES NASDAQ DE-LISTING
 ENCINO, Calif., Oct. 1 /PRNewswire/ -- Nu-Med Inc. (NASDAQ: NUMS) today announced that its securities are no longer quoted on the NASDAQ National Market System due to failure to meet NASDAQ's capital and bid price requirements. The price of the company's securities will now be quoted in the "pink sheets" published by the National Quotation Bureau Inc.
 The company has not made interest payments on its debentures due in September 1992. The expiration of the 30-day payment grace period creates an event of default on Oct. 1, 1992 as to one series and on Oct. 15, 1992 as to the remaining two series.
 The company and its advisers are in the process of negotiating with certain debentureholders regarding possible modification of the company's indebtedness. If and when agreed upon, such modifications will be subject to additional approvals.
 Nu-Med Inc. is a nationwide health care services company.
 -0- 10/01/92
 CONTACT: Kenneth E. Rappoport, vice chairman of Nu-Med, 818-990-2000; or Melvyn S. Rifkind of Melvyn S. Rifkind Inc., 818-783-8323, for Nu-Med
 (NUMS) CO: NU-MED INC. IN: HEA ST: CA -- LA012 -- X967 10/01/92
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 1, 1992
Words:187
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