BioMag Corporation Enters Into A Letter Of Intent To Purchase An Interest In Tianjin Automatic Science & Instrument Co., A Chinese Diagnostic Manufacturer And Distributor

ORANGEVALE, Calif--(BUSINESS WIRE)--Sept. 18, 2006--BioMag Corp. (OTC: BMGC) announced today that is has entered into formal negotiations to purchase an interest in Tianjin Automatic Science & Instrument Co. LTD

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