MEDI-RX UNIT IN PROPOSED INITIAL OFFERING
Medi-Rx America Inc said its Rx
Plus Inc subsidiary received a letter of intent for a proposed
initial public offering of four mln dlrs to six mln dlrs.
    It also said the subisidary, formed to franchise retail
drug stores, recently placed a 1.2 mln dlrs equity offering
with private investors and secured a one mln dlrs line of
credit for assisting applications for a Rx Plus franchise.
 Reuter
