OTHER NEWS - March 13, 1992

Bomed Seeks Bankruptcy Protection: Bomed Medical Manufacturing Ltd., a heart-monitoring device manufacturer that recently was ordered to pay $100,000 to a creditor, has filed for reorganization in federal bankruptcy court in Santa Ana. The Chapter 11 filing reveals that the Irvine-based firm owes $2.1 million and has $1.3 million in assets. Its chief creditors are Kol Bio Medical of Chantilly, Va., which is owed $306,000, and Shaw Investment Co. of Newport Beach, which is owed $100,000, according to the filing. Bomed, which said its finances were on the upswing because of increased sales, will attempt to reorganize its debts under court supervision.