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TSI ANNOUNCES CONVERTIBILITY OF PREFERRED STOCK

 TSI ANNOUNCES CONVERTIBILITY OF PREFERRED STOCK
 WORCESTER, Mass., Feb. 24 /PRNewswire/ -- TSI Corporation


(NASDAQ: TSIN) announced today that all of the 2,028,682 outstanding shares of TSI Convertible Preferred Stock have become convertible into TSI Common Stock on a share for share basis. In Dec. 1991, 1,035,000 of these shares became convertible. The remaining shares became convertible at each holder's option, once the average of the daily average sale price of the Common Stock exceeded $9.25 for 90 consecutive business days, which occurred as of the close of trading on Feb. 22, 1992.
 TSI is a life sciences company offering in vivo preclinical and toxicology testing services, human clinical and in vitro testing services, and diagnostic intermediate products. TSI is also developing advanced toxicology tests and disease models based on genetic engineering and transgenic techniques to improve the efficiency of the pharmaceutical/chemical development process.
 -0- 2/24/92
 /CONTACT: Munro Pitt, senior vice president of TSI Corporation, 508-755-0550, or Robert Gottlieb of Feinstein Partners, 617-577-8110, for TSI Corporation/
 (TSIN) CO: TSI Corporation ST: Massachusetts IN: MTC SU:


TM-SH -- NE008 -- 1992 02/24/92 15:03 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 24, 1992
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