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ORTHOMET ANNOUNCES NEW CONTRACT WITH CHAIRMAN AND CEO

 MINNEAPOLIS, June 14 /PRNewswire/ -- Orthomet, Inc. (NASDAQ: OMET) today announced that Richard D. Nikolaev has signed a new agreement with the company to serve as chairman of the board and chief executive officer through June 30, 1996.
 This new agreement replaces an existing contract which was to run through June 30, 1994. Terms of the new agreement were not disclosed. Nikolaev was appointed to his position in January 1992, and had been a board member since June 1991.
 Donald R. Brattain, a member of Orthomet's board of directors and chair of its executive and compensation committees expressed pleasure at reaching a new agreement with Nikolaev. "Nik's leadership has been outstanding as Orthomet emerged from its turnaround phase and establishes itself as a growing, profitable company. With Nik firmly at the helm of a stabilized management team Orthomet can continue to build key relationships in the orthopedic market, strengthen distribution channels and broaden its product base."
 Orthomet, Inc. designs, manufactures and markets selected orthopedic reconstructive implant products and related surgical instrumentation.
 -0- 6/14/93
 /CONTACT: James L. Suel, treasurer of Orthomet, 612-944-6112/
 (OMET)


CO: Orthomet, Inc. ST: Minnesota IN: MTC SU: PER

AL -- MN006 -- 1529 06/14/93 10:29 EST
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Publication:PR Newswire
Date:Jun 14, 1993
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