EXHIBIT 99.2
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Wednesday July 12, 11:35 am Eastern Time
Company Press Release
SOURCE: Magellan Technology Inc.
Magellan Changes Name to BioMeridian Corporation
Draper, Utah, July 12 /PRNewswire/ -- Magellan Technology Inc. ("Magellan") [OTC
Bulletin Board: MGLN - news], having received shareholder approval at the Annual
Meeting of Shareholders held on Friday, July 7, 2000, announces the company's
name change to BioMeridian Corporation ("BioMeridian") to better align the
parent corporation with its health care subsidiaries.
BioMeridian's current marketplace is estimated at one million medical
practitioners, many of whom are not yet familiar with the products and services
of BioMeridian. While BioMeridian is the world leader in bioenergetic and
biochemical medical instrument technology for the Complementary and Alternative
Medicine ("CAM") industry, most conventional physicians have not been educated
in these technologies. Accordingly, BioMeridian is re-aligning parent and
subsidiaries in a coordinated strategy to bring these natural modalities to the
medical practitioner.
The name change of Magellan to BioMeridian provides a distinctive corporate
identity and further reveals BioMeridian as the leader in device sales in the
CAM marketplace. BioMeridian's products and services are currently sold to
health care professionals in the United States, Canada and 15 other foreign
countries.
For additional company information on the World Wide Web, please go to
www.biomeridian.com. For investor relations, contact Reed Steiner at
801-501-7517.
SOURCE: Magellan Technology Inc.
