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

 SANTA ANA, Calif., July 29 /PRNewswire/ -- The board of directors of the company has voted to extend the expiration dates of certain of the company's warrants from Aug. 1, 1993, to Aug. 1, 1994. 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. develops, markets and administers managed health care services which facilitate the delivery and manage the cost of providing health care through contracted insurance carriers and self- insured employer groups. Admar's services are marketed as an adjunct to employee health care benefit plans. Programs include Preferred Provider Organizations and Exclusive Provider Organizations; the HealthWatch Medical Review System, designed to ensure appropriate use of hospitalization for medical/surgical, substance abuse, mental health, catastrophic illness and injuries; HealthWatch Advantage, a hospital and surgical negotiation program; and Managed Benefits Division, which provides management of employee benefits.
 -0- 7/29/93
 /CONTACT: Edward K. Evans, VP-finance of The Admar Group, 714-953-9600/


CO: The Admar Group Inc. ST: California IN: HEA SU:

LS-MF -- LA001 -- 7133 07/29/93 09:01 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
Words:239
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