AMERICAN HEALTH SERVICES CORP. ANNOUNCES SECOND QUARTER AND SIX-MONTHS RESULTS.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--AUGUST 17, 1995--AMERICAN HEALTH SERVICES health services Managed care The benefits covered under a health contract CORP. (OTC/BB Symbol: AHTS AHTS Anchor Handling Tug Supply AHTS Anchor Handling Towing Supply Vessel AHTS Anchor Handling Tug Support (vessel) ) today announced results for the second quarter and six-months ended June June: see month. 30, 1995. Revenues for the second quarter ended June 30, 1995 were $9,708,000 compared to revenues of $9,370,000 reported in the second quarter of fiscal 1994. For the 1995 period, the Company reported a net loss of $92,000, or $0.01 per share, compared to a loss before extraordinary item of $249,000, or $0.02 per share for the same period of 1994. Revenues for the six months ended June 30, 1995 were $19,066,000 compared to revenues of $18,577,000 reported in the first half of fiscal 1994. For the 1995 period, the Company reported a net loss of $374,000, or $0.04 per share, compared to a loss before extraordinary item of $593,000 or $0.06 in the same period of 1994. Net income loss for both the three and six month periods ended June 30, 1994 included an extraordinary gain of $306,000, or $0.03 per share, resulting from the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of the Company's long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. . Commenting on the results, E. Larry Atkins, President and Chief Executive Officer of AMERICAN HEALTH American Health Inc. is a company that manufactures health supplements. It is located in Holbrook, New York. One of its products is labeled the "Chewable Original Papaya Enzyme" with the attached registered trademark, "The 'After Meal Supplement'". SERVICES CORP., stated, "Early in the year we successfully implemented the acquisition of two new centers which contributed to the Company's revenue increase for the six months and the second quarter ended June 30, 1995. In addition, income from center operations increased significantly in the second quarter compared to the first quarter of 1995, and for the second quarter of 1995 compared to 1994. We are meeting our objective of improving our core business results and are well along in the process of developing a range of new products and services to address the managed care driven healthcare marketplace." AMERICAN HEALTH SERVICES CORP. develops and operates diagnostic imaging and Gamma Knife Gamma Knife A trademark for a radiologic nonsurgical device used in stereotactic radiosurgery. Gamma knife A surgical tool that focuses beams of radiation at the head, which converge in the brain to form a lesion. radiosurgery radiosurgery /ra·dio·sur·gery/ (-ser´jer-e) surgery in which tissue destruction is performed by means of ionizing radiation rather than by surgical incision. treatment centers affiliated with healthcare providers and is one of the largest operators of fixed-site, hospital-based diagnostic imaging centers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .
AMERICAN HEALTH SERVICES CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
1995 1994 1995 1994
Revenues:
Center revenues $ 9,708,114 $ 9,370,071 $ 19,066,015 $ 18,577,136
Expenses: Centers expenses 7,667,258 7,517,631 15,372,724 14,813,012 Provision for center profit distributions 196,276 224,465 375,744 457,212 Income from center operations 1,844,580 1,627,975 3,317,547 3,306,912 Corporate operating expenses 1,071,390 899,562 1,951,965 1,798,157 Income from operations before interest 773,190 728,413 1,365,582 1,508,755 Interest income and other 36,143 23,006 77,410 52,579 Interest expense (901,179) (1,000,319) (1,817,372) (2,154,349) Loss before extraordinary item (91,846) (248,900) (374,380) (593,015) Extraordinary item: Gain on restructuring of long-term debt -------- 305,985 -------- 305,985 Net income (loss) $ (91,846) $57,085 $(374,380) $(287,030) Earnings (loss) per common share: Loss before extraordinary item $ (0.01) $ (0.02) $ (0.04) $ (0.06) Extraordinary item ---- 0.03 ---- 0.03 Net income (loss) per common share $ (0.01) $ 0.01 $ (0.04) $ (0.03) Weighted average number of common shares outstanding 9,683,647 9,683,647 9,683,647 9,683,647 CONTACT: Lippert/Heilshorn & Associates Juliana Vicelja, ext. 103 Kristen Mahan, ext. 122, 212/838-3777 or American Health Services Corp. Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs V. Croal, 714/476-0733 |
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