Wednesday February 4, 11:23 am Eastern Time
Company Press Release
National Healthcare Manufacturing: European Fund Debenture
WINNIPEG, Manitoba--(BUSINESS WIRE)--Feb. 4, 1998--National Healthcare (VSE:NHM. - news; NASDAQ:NHMCF - news) National Healthcare Manufacturing Corporation (NHMC), announces that it has informed its $5,000,000 European Fund Debenture holders and their related parties that it will no longer honour their request for conversion of the Debenture and intends to pursue legal action. The Company's notification to these parties stems from what the Corporation believes to be a clear manipulation of the value of the Company's stock by a Fiduciary party for the purpose of enabling a conversion of the Debenture to common stock of NHMC at a reduced price.
On Behalf of the Board,
Seyed M. Torabian, P.Eng., Executive Vice President
Neither NASDAQ nor the Vancouver Stock Exchange have reviewed or accept responsibility for the accuracy of this release.
--------------------------------------------------------------------------------
Contact:
National Healthcare Manufacturing Corporation
Alex P. Tsakumis, 604/689-8581
1-800-883-8841
Internet: nationalhealthcare.com |
