PanaMed Corporation (PANA)

[KZAP]

PANA (OTCBB) PanaMed Corporation's HIV/AIDS Treatment Program Moves to Larger Facility

WEDNESDAY, OCTOBER 09, 2002 08:30 AM

INDIANAPOLIS, Oct 9, 2002 (BUSINESS WIRE) -- PanaMed Corporation (OTCBB:PANA) announces today that the company has acquired the use of a new and larger inpatient facility in Africa. The new facility will house the Company's HIV/AIDS Treatment Program. Additionally, the new facility has been secured under a stable lease agreement and is capable of accommodating all anticipated needs for the full course of the treatment program.

PanaMed also announces that the Company had relocated its Corporate Headquarters to Lebanon, Indiana. Lebanon is approximately 20 miles northwest of Indianapolis. The Company's newly acquired and highly secure headquarters are significantly larger than the Company's previous headquarters. This transition will allow for smooth and seamless growth as the company expands its operational structure. The address of PanaMed's new Corporate Headquarters is as follows:



PanaMed Corporation
127 West Main Street
Second Floor
Lebanon, Indiana 46052


This document contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by the statements made above. Additional information on these and other factors will be included on future 10-Q and 10-K reports.


CONTACT: PanaMed Corporation
Phillip Butler, 800/388-0750 or 765/483-9670

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