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SUNPORT MEDICAL CORP. ANNOUNCES CHANGE IN MANAGEMENT

 VANCOUVER, British Columbia, Oct. 5 /PRNewswire/ -- Sunport Medical Corp. (NASDAQ: SMQCF; Vancouver: SMQ) ("Sunport") announced today that effective this date, Allan Ferguson, chairman of the board, president and chief executive officer of Sunport has resigned. Ferguson, in conjunction with Sunport's continuing management, has been instrumental in the start-up and financing of Sunport, initially as a private company, and subsequently as a public company.
 Since it was taken public in April 1992, Sunport has grown to become a mature company which now owns four diagnostic imaging centers, five physical therapy rehabilitation centers, a diagnostic laboratory and a management company which oversees the operations of all the centers. Sunport has a total of 78 professional, management and support personnel in its operations in the greater San Antonio area.
 Ferguson has been involved in advancing Sunport to its current position, and given that Sunport has now grown beyond the start-up phase into a mature company, Sunport is now progressing into the next stage of growth which involves becoming a medium-sized public company.
 To achieve these goals, Ferguson will be replaced by Dr. Dennis Gutzman, a specialist in the field of Orthopaedic Medicine, and president of DRG Orthopaedics. Gutzman has been involved with Sunport since April 1992 and has been a member of Sunport's medical advisory board since that time. Gutzman announced that there would be a refocusing of the company towards its core businesses of diagnostic imaging, physical therapy rehabilitation and medical management services. He further stated that top level management would be replaced with individuals who are founders of two of the diagnostic imaging centers and the medical management company acquired by Sunport and have a proven track record in medical management. "We are looking at a window of opportunity never before open in the medical marketplace. I believe Sunport is perfectly positioned to take advantage of these opportunities and that we must take an aggressive approach towards growth," Gutzman said.
 The management of Sunport remains confident that opportunities for growth are abundant and that they will be able to continue to expand their activities in select health care markets in Texas and other areas.
 In addition, Sunport announces that present director and employee options on 800,000 shares have been cancelled by mutual consent. Sunport has issued new director and employee stock options on 1,200,000 shares exercisable at a price of $1.32 per share over a five- year period.
 -0- 10/5/93
 /CONTACT: Allan Ferguson, president, 604-682-4488/
 (SMQ. SMQCF)


CO: Sunport Medical Corp. ST: British Columbia IN: HEA SU: PER

JB-EH -- LA023 -- 8957 10/05/93 14:50 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:432
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