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THE ADMAR GROUP INC. BOARD OF DIRECTORS EXTENDS EXPIRATION DATE OF WARRANTS

 THE ADMAR GROUP INC. BOARD OF DIRECTORS
 EXTENDS EXPIRATION DATE OF WARRANTS
 SANTA ANA, Calif., July 31 /PRNewswire/ -- The board of directors of The Admar Group Inc. announced it has voted to extend the expiration dates of certain of the company's warrants from Aug. 1, 1992, to Aug. 1, 1993. The extension applies to certain publicly traded warrants to purchase 307,800 shares of common stock of the company at an exercise price of $3.75 per share (as adjusted for the company's 1-for-5 reverse stock split on July 12, 1991), as well as to certain privately held warrants to purchase 30,780 shares of common stock of the company at an exercise price of $1.50 per share (as adjusted for the reverse stock split).
 The Admar Group Inc. provides managed health care delivery systems through customized program packages, including several preferred provider and exclusive provider organizations, hospital utilization review programs, special case management, such as substance abuse or catastrophic injury cases, and third-party administration of health care benefits for employers and insurance carriers, as well as other programs under development.
 -0- 7/31/92
 /CONTACT: Edward K. Evans, VP-finance, of The Admar Group, 714-953-9600/ CO: The Admar Group Inc. ST: California IN: HEA SU:


BP-JL -- LA005 -- 5536 07/31/92 11:00 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
Words:215
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