Exhibit 99.1
[CompuMed letterhead]
August 4, 1997
Dear Warrantholder:
I am pleased to advise you that the Expiration Date of
your Warrants to purchase shares of Common Stock, $.01 par value
(the "Common Stock"), of CompuMed, Inc., a Delaware corporation
(the "Company"), have been extended to August 2, 1999.
Reference is made to the Warrant Agreement, dated as of
August 2, 1992, between the Company and U.S. Stock Transfer
Corporation (the "Warrant Agreement"), and the Warrant
Certificates issued pursuant thereto, which entitle the
Warrantholders to purchase one share of the Company's Common
Stock at a present exercise price of $3.75 per share for every
ten (10) Warrants owned, subject to adjustment and upon the other
terms and conditions set forth in the Warrant Agreement. The
present Expiration Date of the Warrants is the close of business
on August 4, 1997.
Notice is hereby given that, effective the date hereof,
the Board of Directors of the Company has authorized an extension
of the Warrants for a period of two years whereby the Warrants
will now expire on the close of business on August 2, 1999.
Except for this change in the Expiration Date, and the prior
changes in the exercise price to $3.75 per share and the
corresponding reduced number of shares of Common Stock underlying
the Warrants by reason of the October 1994 reverse stock split,
all other terms and conditions set forth in the Warrant Agreement
and your Warrant Certificate will remain the same, subject to any
future adjustments which may be required or agreed to under the
Warrant Agreement.
/s/ Xxx Xxxxxxxxx
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Xxx Xxxxxxxxx, President