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OREXANA AND GOVERNMENT AGREE TO SETTLEMENT

 OREXANA AND GOVERNMENT AGREE TO SETTLEMENT
 MIAMI, March 25 /PRNewswire/ -- Orexana Corporation


(NASDAQ: XXAUC) announced today that the office of the United States Attorney for the Northern District of Georgia, Atlanta Division, has agreed to dismiss the indictment pending against Orexana Corporation pursuant to a formal written agreement to be entered into between the United States and Orexana Corporation.
 The United States will accept a guilty plea to a three count information by Orexana. In connection with the settlement, subject to court approval, Orexana has agreed to pay to the United States an amount of $700,000 plus interest over a 10-year period prior to the end of that period. Orexana will not be required to make any payment in excess of 5 percent of its gross profits, as defined, in any one year period. Orexana does not believe that this will have any material adverse affect on its business activities.
 In a letter from the government, the government stated that the indictment was obtained by the government based upon evidence reflecting criminal conduct of Duvan Arboleda and Harry Falk, former corporate officers of Orexana. These former officers were removed by Orexana's board of directors on May 3, 1991.
 The letter further stated the government is unaware of any documents, evidence or information of any kind suggesting the participation or involvement in any illegal activity by Orexana subsequent to the dismissal of Duvan Arboleda and Harry Falk as executive officers of Orexana or by the present management of Orexana.
 As previously announced, Orexana recently acquired 100 percent of the stock of Diagnostic Ultrasound, Inc., a Tampa, Fla.-based medical technology company, and is presently actively pursing additional acquisitions.
 -0- 3/25/92
 /CONTACT: Daisy Puns of Orexana Corporation, 305-624-8882/ CO: Orexana Corp. ST: Florida IN: HEA SU:


SS-AW -- FL008 -- 1588 03/25/92 14:48 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 25, 1992
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