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Hypertension
Diagnostics ST. PAUL, MN – August 28, 2000 – Hypertension Diagnostics, Inc. (Nasdaq SmallCap: HDII; HDIIW; HDIIU) announced today the effectiveness on August 25, 2000 of its registration statement registering 1,568,175 shares of its common stock. The shares being registered relate to placement agent’s and underwriter’s warrants (532,900 shares) and options granted outside of the Company’s 1995 and 1998 Stock Option Plans (1,035,275 shares). Of the 1,568,175 shares registered, 1,503,713 are shares underlying warrants and options that have not been exercised. Additionally, 649,257 of the registered shares are subject to lockup restrictions imposed by the State of Minnesota, until July 23, 2001. The Company is not receiving any proceeds from the sale of the shares being registered. |
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Copies of the prospectus may be obtained from Hypertension Diagnostics, Inc., Attention: James S. Murphy, Chief Financial Officer, 2915 Waters Road, Suite 108, Eagan, MN 55121-1562. Forward-looking statements in this press release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company wishes to caution readers not to place undue reliance on any forward-looking statements and to recognize that the statements are not predictions of actual future results. Actual results could differ materially from those anticipated in the forward-looking statements due to the risks and uncertainties set forth in the Company’s 1999 Annual Report on Form 10-KSB under the caption "Risk Factors", as well as others not now anticipated. These risks and uncertainties include, without limitation, the Company’s ability to receive regulatory approval for its CVProfilor® DO-2020 CardioVascular Profiling System; the availability of third-party reimbursements; and market acceptance of the Company’s products. Hypertension Diagnostics and CVProfilor® are trademarks of Hypertension Diagnostics, Inc. All rights reserved. Contact: James S. Murphy, Chief Financial Officer
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