Placement

The gov. has again made provision in buget for the subsidy {they seem to want to call it develope} of retractable syringes.+ this ....
OCCUPATIONAL & MEDICAL INNOVATIONS LIMIT 2002-03-21 ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
The Board of Occupational & Medical Innovations Limited wishes to
advise that it has completed the review of the feasibility study into
the proposed full scale manufacturing plant for the manufacture of
its 1mm retractable syringe. The feasibility study was conducted by
PricewaterhouseCoopers.

As a first step in the process the Board commissioned PKF to prepare
a business plan for the development of a Pilot plant capable of
producing up to 80 million syringes for the Australian market. This
Business Plan has now been adopted as the model for the facility.

It is OMI's intention, subject to shareholder approval, to proceed
with the construction of the Pilot plant and intends to raise $15
million by means of a placement in association with Brokers in order
to fund the facility.


D Jenkins
DIRECTOR

.....I'm excited!!!
Sanchez