UTAH MEDICAL
PRODUCTS, INC.
CORPORATE HEADQUARTERS |
|
PRESS RELEASE |
|
Utah Medical Products, Inc. Updates Status of Share Repurchases |
|
Contact: Paul Richins |
May 19, 2005 |
(801) 566-1200 Salt Lake City,
Utah - Utah Medical Products, Inc. (Nasdaq: UTMD)
announces that since the drop in its share price from $26.75 closing price
on August 9, 2004 to $17.99 closing price on August 10, 2004, it has
repurchased 539,000 shares in the open market for $9,945,000. The
approximate ten million dollar repurchase was funded by profits from
continuing UTMD operations and prior cash balances not needed to support
operations. |