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QUAL-MED, INC. FILES APPLICATION FOR LISTING ON THE NEW YORK STOCK EXCHANGE

 PUEBLO, Colo., May 12 /PRNewswire/ -- Qual-Med, Inc. (NASDAQ: QLMD) Tuesday filed an application to list its common stock on the New York Stock Exchange. Trading is expected to commence in June.
 Qual-Med currently has approximately 16,366,000 common shares outstanding. The stock has traded in a 52 week range of $10.00 to $20.75 per share and closed at $12.75 per share on Monday, May 10, 1993.
 The company, whose common stock traded on the NASDAQ National Market System following an initial public offering in the second quarter of 1991, does not pay any dividends on its common stock and expects for the foreseeable future to retain all of its earnings from operations for use in expanding and developing its businesses.
 "Listing on the New York Stock Exchange -- the world's most prestigious securities market -- represents another important milestone for Qual-Med, Inc.," said Malik M. Hasan, M.D., chairman of the board of directors, president and chief executive officer. "Our decision to change listing organizations reflects the board of directors' and management's confidence in the future of Qual-Med. We anticipate the new listing will provide us with greater visibility among individual and institutional investors, will help to broaden our shareholder base and will increase the liquidity of our shares of stock, which further enhances value for our shareholders."
 Qual-Med, Inc., headquartered in Pueblo, Colo., had annual revenues of over $436 million in 1992. The company provides comprehensive managed health care products and services to more than 334,000 commercial HMO and Medicare risk members in California, Colorado, Idaho, New Mexico, Oregon and Washington. Through its subsidiary, Preferred Health Network, Inc., the company also provides access to preferred provider networks in 16 states for more than 2.3 million covered persons. The company's common stock presently trades on the NASDAQ National Market System under "QLMD."
 -0- 5/12/93
 /CONTACT: E. Keith Hovland, executive VP/CFO, 719-542-0500, or Jerry Davis, VP of marketing/investor relations, 719-542-0500, both of Qual- Med; or Steven Silvers of Hill and Knowlton, 303-623-7772, for Qual-Med/
 (QLMD)


CO: Qual-Med, Inc. ST: Colorado IN: MTC SU:

LR -- NY059 -- 7574 05/12/93 12:19 EDT
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Publication:PR Newswire
Date:May 12, 1993
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