MedEx Corp. Closes Merger with STG Corp.

  DANBURY, Conn., May 14 /PRNewswire-FirstCall/ -- MedEx Corp. 
(OTC Bulletin Board: MDEX), announced today that it has closed on its 
previously announced Letter of Intent to merge with STG Corp.  
"We believe there exists a tremendous opportunity in providing U.S 
emerging growth medical device OEMs, access to high growth regions, such as 
the Black Sea Economic Zone," stated MedEx's Chairman Marion Day.  
MedEx's CEO Irvin R. Dyer, III further commented, "The MedEx management 
team leverages decades of experience in foreign trade, international 
healthcare and past success in bringing U.S. based medical equipment OEMs and 
new technologies into these territories.  These companies are seeking growth 
in markets abroad, while the national governments of the regions search for 
innovative solutions, in providing their constituents access to state of the 
art healthcare systems.  MedEx is poised to benefit from a convergence of 
these dynamics."  
MedEx Corp. was advised on the transaction by Boston-based merchant bank 
Dutchess Advisors, Ltd.  
  About MedEx:  
MedEx Corp. provides end to end solutions to bring U.S. medical 
technologies and equipment into high growth, developing markets.  The Company 
is initially focused on the Black Sea Economic Zone, a region of nearly 
200 million people, which includes countries such as Romania, Bulgaria, 
Ukraine, Belarus, Greece, Turkey, Serbia, Croatia, Slovenia, Slovakia and 
Additionally, MedEx owns and operates an Imaging Diagnostic Center in 
Romania, which provides clinical services for patients on MRI and CT Scanning. 
This center and the planned roll out of other imaging centers, also provides 
MedEx with qualified medical environments for introducing new U.S. medical 
technologies and devices, and can be replicated in select markets.  
  In conjunction with the provisions of the Safe Harbor section of the 
Private Securities Litigation Reform Act of 1995, this news release may 
contain forward-looking statements pertaining to future anticipated projected 
plans, performances and developments, as well as other statements relating 
future operations.  All such forward-looking statements are necessarily only 
estimates of future results and there can be no assurance that actual results 
will not materially differ from expectation.  Further information on potential 
factors that could affect MedEx Corp., is included in the Company's filings 
with the Securities Exchange Commission.  
  Further information on MedEx Corp. can be obtained by visiting the 
Company's website at  
  Further information on Dutchess Advisors, Ltd. can be obtained by visiting  
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SOURCE  MedEx Corp.  

    -0-                             05/14/2002 
    /CONTACT: Michael Novielli of MedEx Corp., +1-203-748-6361 / 
    /Web site: 

CO:  MedEx Corp.; STG Corp. 
ST:  Connecticut 
SU:  TNM  
-0- May/14/2002 13:31 GMT
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