Valley Forge Extends Distribution Agreement With Johnson & Johnson Professional

Business Wire, Sept 15, 1998

OAKS, Pa.--(BUSINESS WIRE)--Sept. 15, 1998--Valley Forge Scientific Corp. (NASDAQ: VLFG, BSE: VLF), which develops and manufactures medical device products for hospital and healthcare markets worldwide, announced today that it has agreed with Johnson & Johnson Professional, Inc. to extend the existing Distribution Agreement for its bipolar electrosurgical generators, disposables and products in the field of neurosurgery for one year until December 31, 1999 with an increase in minimum purchases from $1.1 million to $5 million for calendar year 1999.

Jerry Malis, chairman and president, stated, "This represents a significant vote of confidence by JJPI in Valley Forge's products and technology and should serve as a springboard for penetration of the company's products into other surgical fields." Mr. Malis also noted that discussions were continuing regarding a major healthcare company's interest in acquiring the company's products and technology.

Valley Forge develops and manufactures medical devices and products for the hospital and healthcare communities. The company is a leading developer and manufacturer of bipolar electrosurgical systems that are marketed through national and international distributors.

Certain statements herein are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

CONTACT: Valley Forge Scientific Corp.

Jerry Malis, 610/666-7500