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SANDOZ & MED-TECH HAVE SIGNED A NON-BINDING LETTER OF INTENT TO CREATE NEW COMPANY TO MARKET PRODUCTS TO THE LONG-TERM HEALTHCARE INDUSTRY

 CLEARWATER, Fla., April 12 /PRNewswire/ -- Medical Technology Systems, Inc. (NASDAQ-NMS: MSYS) has signed a non-binding letter of intent with Sandoz Pharmaceuticals Corporation of East Hanover, N.J. to form a company to package and distribute products to the long-term healthcare industry. Both MTS and Sandoz jointly agree to expeditiously develop the formalized binding documents to permit the commencement of operations of the partnership in the very near future.
 Utilizing Med-Tech's Vangard Pharmaceutical Packaging Corp. subsidiary in Glasgow, Ky., the alliance would manufacture, package and distribute medication cards pre-filled with generic pharmaceuticals for long-term care providers, managed care providers, and adult recipients of Medicare, Medicaid and third party insurance.
 Sandoz is a leading pharmaceutical manufacturer and Medical Technology Systems, Inc. of Clearwater, Fla. is the nation's largest supplier of medication card packaging equipment, supplies and systems.
 -0- 4/12/93
 /CONTACT: Harold Siegel, President & CEO, 800-334-6663, or 813-576-6311, or Gary Fishman of The Hudson Stone Group, 212-983-8550, for Medical Technology Systems/
 (MSYS)


CO: Medical Technology Systems, Inc.; Sandoz Pharmaceuticals
 Corporation ST: Florida, New Jersey IN: HEA SU: PDT


LD -- NY005 -- 4610 04/12/93 08:11 EDT
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Publication:PR Newswire
Date:Apr 12, 1993
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