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PLC SYSTEMS LISTS ITS COMMON SHARES ON THE AMERICAN STOCK EXCHANGE; LAUNCHES SECONDARY OFFERING OF UNITS

 PLC SYSTEMS LISTS ITS COMMON SHARES ON THE AMERICAN STOCK EXCHANGE;
 LAUNCHES SECONDARY OFFERING OF UNITS
 NEW YORK, Sept. 17 /PRNewswire/ -- PLC Systems Inc. of Milford, Mass., today began trading its common stock and units on the American Stock Exchange. The common stock opened at 4-3/8 on 1,600 shares, and the units opened at 8-1/8 on 200 shares. The common stock, which previously traded over-the-counter on NASDAQ, now trades under ticker symbol "PLC".
 PLC System's units, the result of a secondary offering issued today, trade under ticker symbol "PLC.E". Each unit consists of 2 shares of common stock and 1 common stock purchase warrant. The company has chosen Cranmer, Cohn, Reis & Gage as its specialist unit.
 PLC Systems Inc. develops, manufactures and markets medical laser systems, accessories and related surgical products. The company is conducting Phase II clinical tests of a surgical technique known as transmyocardial revascularization ("TMR") utilizing its patented laser system known as "The Heart Laser." This process is intended to provide an alternative therapy to current surgical treatments used to replace or clear coronary arteries afflicted with cardiovascular disease.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 9/17/92
 /CONTACT: Paul D. Nobile, manager of equities communications of PLC Systems, 212-306-2028/
 (PLC) CO: PLC Systems Inc. ST: Massachusetts IN: HEA SU:


PS -- NY058 -- 0651 09/17/92 12:16 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 17, 1992
Words:267
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