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OXBORO MEDICAL ANNOUNCES LETTER OF INTENT WITH ANDERSON ENGINEERED PRODUCTS, INC.

 MINNEAPOLIS, Feb. 22 /PRNewswire/ -- Harley Haase, president of Oxboro Medical International, Inc. (NASDAQ: OMED), announced today the signing of a letter of intent to acquire the assets of Anderson Engineered Products, also of Minneapolis. Terms were not disclosed, but consideration does not include issuance of Oxboro Medical common stock.
 Anderson Engineered Products, Inc. provides standard and custom designed solenoid valves to the industrial and medical markets. It is anticipated that Anderson Engineering will operate as a subsidiary of Oxboro Medical International, Inc. Completion of the transaction is conditioned upon satisfactory negotiation of formal agreements.
 Oxboro Medical is engaged exclusively in the business of developing, manufacturing and marketing medical and surgical devices and products.
 -0- 2/22/93
 /CONTACT: Harley Haase of Oxboro Medical, 612-884-7831 or 800-328-7958/
 (OMED)


CO: Oxboro Medical International, Inc.; Anderson Engineered Products,
 Inc. ST: Minnesota IN: MTC SU: TNM


AL -- MN019 -- 9058 02/22/93 16:41 EST
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Publication:PR Newswire
Date:Feb 22, 1993
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