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AMERICAN MEDICAL TECHNOLOGIES ANNOUNCES FISCAL YEAR EARNINGS

 HOUSTON, March 30 /PRNewswire/ -- American Medical Technologies, Inc. (AMT) (NASDAQ: AMOT), today announced net earnings of $928,415, or $.08 per share, for the nine months ended Sept. 30, 1992, compared with a net loss of $64,718, or $.01 per share, for the year ended Dec. 31, 1991. The company elected to change its year end to Sept. 30, since its two operating subsidiaries also have Sept. 30 fiscal year ends.
 Net income included an extraordinary gain of $315,718 or $.03 per share, from a net operating loss tax carryforward benefit. Net income also reflected a gain on the sale of securities of $2.6 million, realized primarily from the sale of a minority interest in AMT's medical waste management subsidiary, 3CI Complete Compliance Corporation (3CI) (NASDAQ: TCCC).
 For the three months ended Sept. 30, 1992, the company reported a net loss of $147,361, or $.01 per share, compared with net income of $520,717, or $.06 per share, for the same period in 1991. The 1991 net income included a $948,592 gain on the sale of securities.
 Revenues for the three months and nine months ended Sept. 30, 1992, were $1.6 million and $5 million, respectively. AMT acquired 3CI on Sept. 6, 1991. Comparable pro forma revenues for 1991 would have been $1.4 million and $3.5 million had the company acquired its operating subsidiary on Jan. 1, 1991.
 AMT completed its acquisition of Tidel Engineering, Inc. (Tidel) on Sept. 30, 1992. According to Leonard A. Bedell, executive vice president and CFO, "Substantial progress has been attained in positioning AMT as a significant participant in the environmental and technology industries. AMT's balance sheet is strong, having increased 74 percent with the acquisition of Tidel, shareholders' equity has increased over $3 million since Dec. 31, 1991, and current working capital has significantly improved during the same period. We believe our two operating subsidiaries' performance will continue to strengthen AMT's operating performance, financial condition and position within the environmental industry."
 AMERICAN MEDICAL TECHNOLOGIES, INC. AND SUBSIDIARIES
 Summary Financial Data
 (In 000's, except per share data)
 Consolidated Operating Data:
 Three Months Ended Sept. 30 1992 1991
 Revenues $ 1,571 $ 397(A)
 Net income (loss) (147) 521
 Average number of shares outstanding 11,983 6,898
 Net income (loss) per share $(0.01) $0.08
 Nine Months Year
 Ended Ended
 9/30/92 12/31/91(B)
 Revenues $ 5,022 $ 2,030(A)
 Net income (loss) 928 (65)
 Average number of shares outstanding 11,168 6,698
 Net income (loss) per share $0.08 $(0.01)
 Consolidated Balance Sheet Data:
 Nine Months Year
 Ended Ended
 9/30/92 12/31/91
 Cash and cash equivalents $ 984 $ 549
 Current assets 5,823 1,756
 Property, plant and equipment 1,784 1,149
 Total assets 16,328 9,372
 Current liabilities 5,641 6,318
 Long-term notes payable 1,815 1,480
 Minority interest in subsidiary 4,183 --
 Shareholders' equity 4,690 1,574
 Current working capital $ 183 $(4,562)
 (A) Pro forma revenues for the three months and nine months ended Sept. 30, 1991, for 3CI Complete Compliance Corporation were $1.4 million and $3.5 million, respectively. These amounts for 1991 have been omitted since the acquisition of 3CI was not completed until Sept. 6, 1991.
 (B) The company has elected to change its fiscal year end to Sept. 30. Accordingly, a transition report on Form 10-K has been filed and the results of operations have been compared to the company's previous year end report as filed on Form 10-K as of Dec. 31, 1991.
 -0- 3/30/93
 /CONTACT: Leonard A. Bedell, executive vice president and CFO of American Medical Technologies, 713-783-8200/
 (AMOT)


CO: American Medical Technologies, Inc. ST: Texas IN: MTC SU: ERN

SM-PS -- NY028 -- 0952 03/30/93 10:37 EST
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Date:Mar 30, 1993
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