Printer Friendly

RX MEDICAL SERVICES CORP. ANNOUNCES RECEIPT OF $1.5 MILLION IN PRIVATE PLACEMENT OF STOCK

 RX MEDICAL SERVICES CORP. ANNOUNCES RECEIPT OF
 $1.5 MILLION IN PRIVATE PLACEMENT OF STOCK
 NEWPORT BEACH, Calif., Sept. 29 /PRNewswire/ -- Rx Medical Services (AMEX: RXM) (RXM) and Laidlaw Equities Inc. have closed a $1.5 million private placement of RXM common stock. The funds raised will be used to retire debt and to fund additional acquisitions of clinical laboratories and imaging centers. The additional acquisitions of clinical laboratories and imaging centers will cause RXM's annualized revenue to exceed $24 million, a tenfold increase in revenue since 1991. RXM expects additional equity to be raised within the next 60 days.
 -0- 9/29/92
 /CONTACT: Maurice Levy of Rx Medical Services, 714-474-3000, or (fax) 714-474-2220/
 (RXM) CO: Rx Medical Services Corp.; Laidlaw Equities Inc. ST: California IN: MTC SU:


BP-LS -- LA004 -- 4166 09/29/92 06:30 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 29, 1992
Words:138
Previous Article:REAL CHEESE, EVERYDAY -- ON A DIET; CHEESE LOVERS' DIET IS FREE
Next Article:ONSET OF MENSTRUATION SHOULD SIGNAL FITNESS AWARENESS BY TEEN-AGE GIRLS
Topics:


Related Articles
ARM FINANCIAL CORP. CHANGES ITS NAME
Rx MEDICAL SERVICES CORP. REPORTS RECORD REVENUE AND EARNINGS IN SECOND QUARTER OF 1992
RX MEDICAL SERVICES CORP. (RXM) REPORTS RECORD REVENUES AND EARNINGS IN SECOND QUARTER OF 1992
Rx MEDICAL SERVICES CORP. ANNOUNCES ITS 18TH MEDICAL DIAGNOSTIC FACILITY ACQUISITION
RX MEDICAL SERVICES ANNOUNCES ACQUISITION OF $80 MILLION EQUIPMENT LEASE PORTFOLIO AND CONVERSION OF $1.1 MILLION FROM DEBT TO EQUITY
Rx MEDICAL SERVICES CORP.'S INFORMS SEC THAT IT WILL BE LATE IN FILING ITS 10-K ANNUAL REPORT
PYR Energy Receives $5,468,000 Through Private Placement.
PYR Energy Receives $5,468,000 Through Private Placement.
Cedara Software's $19.5 million Placement Clears Regulatory Stage Market Potential for over 3 million new shares of Medical Imaging Leader.
TeamStaff Announces Private Placement of Approximately $4.3 Million of Securities; Entry into Definitive Agreement for Acquisition of Memphis-Based...

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters