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OXBORO MEDICAL INTERNATIONAL ANNOUNCES THIRD QUARTER AND NINE MONTH RESULTS

 MINNEAPOLIS, Aug. 12 /PRNewswire/ -- Oxboro Medical International, Inc., (NASDAQ: OMED) announced today the third quarter and nine month results.
 OXBORO MEDICAL INTERNATIONAL FINANCIAL SUMMARY
 Third quarter ended
 6/30/93 6/30/92
 Revenue $844,040 $807,287
 Percent change 4.6
 Net income $146,347 $184,065
 Percent change -20.5
 Net/Shr. income $.06 $.07
 Nine months ended
 6/30/93 6/30/92
 Revenue $2,500,973 $2,274,490
 Percent change 10.0
 Net income $513,893 $500,319
 Percent change 2.7
 Net/Shr. income $.20 $.19
 Oxboro Medical International, Inc. is a Minneapolis-based holding company whose wholly owned subsidiary, Oxboro Medical, Inc., is in the business of developing, assembling, and selling medical and surgical devices.
 The company indicated that increased revenues result from a combination of new customers, increased volume, and new products. The Registrant experienced an increase in the customer base while sales of current products to existing customers also increased.
 The company further indicated that net income decreased for third quarter primarily as a result of expenditures related to the start-up operations of its newly founded division Oxboro Outdoors.
 -0- 8/12/93
 /CONTACT: Harley Haase of Oxboro Medical International, 612-755-9516/
 (OMED)


CO: Oxboro Medical International, Inc. ST: Minnesota IN: MTC SU: ERN

DB -- MN014 -- 2336 08/12/93 17:58 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
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