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THERMASCAN STOCKHOLDERS APPROVE MERGER WITH TELECONCEPTS

 THERMASCAN STOCKHOLDERS APPROVE MERGER WITH TELECONCEPTS
 SOUTHAMPTON, N.Y., Sept. 9 /PRNewswire/ -- Thermascan, Inc. (OTC: THEM) today announced that stockholders voted to approve an agreement and plan of reorganization among TeleConcepts Corporation (AMEX: TCC) and Thermascan at its stockholders meeting held on Sept. 4, 1992. The merger has also been approved by the boards of directors of both companies. On Aug. 21, the stockholders of TeleConcepts likewise voted in favor of the merger, as well as to change the name of the combined companies to Viral Testing Systems Corporation.
 Separately, TeleConcepts announced today that Frederick R. Adler has been elected to its board of directors and executive committee. Mr. Adler (67) is managing partner of Adler & Company, a merchant banking group specializing in venture capital, corporate restructurings and leverages buy-outs, Mr. Adler is also a retiring senior partner in the law firm of Fulbright & Jaworskim and serves on the boards of Data General Corporation, Life Technologies, Inc., Prime Cellular, Inc., WordStar International Corporation, The Cooper Companies, Inc., and various private corporations, including Memorial Sloan-Kettering Cancer Center.
 According to Detlev Baurs-Krey, chairman and chief executive officer of Thermascan, "Mr. Adler's extensive business experience, particularly with biotech companies and similar start-up ventures, will bring a new depth of knowledge which will greatly assist our evolution and development subsequent to the merger with TeleConcepts."
 Thermascan has exclusive North American rights to market and sell an FDA-approved confirmation and screening test for AIDS called FLUOROGNOST HIV-1 IFA and a panel of 14 all-human monoclonal antibody reagents which are directed against the HIV-1 virus.
 -0- 9/9/92
 /CONTACT: Detlev Baurs-Krey of Thermascan, 516-287-3739/
 (THEM TCC) CO: Thermascan, Inc.; TeleConcepts Corporation ST: New York, Texas IN: TLS SU: TNM


CK -- NY024 -- 7418 09/09/92 10:29 EDT
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Publication:PR Newswire
Date:Sep 9, 1992
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