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Biocircuits Announces That the Company Has Insufficient Funds to Continue Operations
 
    SUNNYVALE, Calif., May 19 /PRNewswire/ -- Biocircuits Corporation
(Nasdaq: BIOC) today announced that the Company has been unable to secure
additional financing or to arrange a sale or merger and currently has
insufficient funds to continue operations.  Therefore the Company has
terminated all employees and ceased all ordinary business operations as of
close of business on Monday, May 18, 1998.  The Company intends to immediately
proceed with the orderly liquidation and/or sale of its assets for the benefit
of its creditors and shareholders.
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