COMMUNITY MEDICAL TRANSPORT ANNOUNCES THIRD QUARTER RESULTS; Net Income Up 42% in Third Quarter.

YONKERS, N.Y.--(BUSINESS WIRE)--November 7, 1995--Community Medical Transport, Inc. (Nasdaq National Market:CMTI) today reported unaudited financial results for the three and nine month periods ended September 30, 1995.

Revenues for the third quarter of 1995 increased 68% to $1,730,000 from $1,033,000 in the same period last year. Pro forma net income rose 42% to $152,000 or $.05 per share compared to $107,000 or $.06 per share in the third quarter of 1994. There were 57% more shares outstanding in the 1995 third quarter as a result of the Company's initial public offering on October 1, 1994. (See accompanying table for nine month results).

Dean L. Sloane, Chairman, President and Chief Executive Officer of Community Medical Transport, commented, "Our core business continued to generate strong sales and earnings growth in the third quarter. Revenue increases reflect the growth of our Freedom Ambulance subsidiary as well as an increase in ambulette transports. Although insurance and personnel costs have increased in line with our expanded operations, concerted efforts to reduce selling, general and administrative expenses as a percentage of sales allowed pre-tax profits to remain in our 15% goal range."

During and subsequent to the third quarter of 1995, Community Transport has reported continued progress on its acquisition program. Since its IPO, the Company has announced six transactions, two of which, both the purchase of ambulette assets, have closed. Mr. Sloane noted, "We recently announced two acquisitions which will be particularly significant to Community Medical going forward. In September, we signed a Letter of Intent for the acquisition of a privately held New Jersey ambulance company with annualized revenues in excess of $3 million. Through this acquisition, Community Medical will expand its operations to New Jersey, the first market the Company will service outside of New York. We are excited about opportunities in the New Jersey market and plan to seek additional acquisitions in the state."

On October 5th, Community announced a definitive agreement to acquire the operating assets of Hunter Ambulance, Inc. and Hunter Ambulette-Ambulance, Inc., a transaction expected to more than double the annualized revenues and pre-tax earnings of the Company's core business. Mr. Sloane remarked, "We believe we are building a Company fully prepared to operate efficiently and profitably in this era of health care cost containment. As we complete and integrate acquisitions and can offer a full range of services from basic ambulette to advanced emergency transport, we believe we can serve the needs of managed care providers and other institutions."

Community Medical Transport, Inc. provides medical (emergency and non-emergency) and other specialized transportation services in the New York metropolitan area. The Company's mission is to become a leader in the medical transportation service market by providing high quality and efficient transports at fees which help institutional customers and managed care organizations meet their cost-containment objectives. -0-

                    COMMUNITY MEDICAL TRANSPORT, INC.
                    Consolidated Statements of Income
                             (Unaudited)

                    Three Months Ended     Nine Months Ended
                       September 30          September 30
                     1995        1994      1995          1994

Revenue         $1,730,000   $ 1,033,000   $4,477,000   $ 2,911,000

Net Income -
 Historical        268,000       185,000      746,000       553,000

Pro forma
 Pro forma
  income taxes     116,000        78,000      321,000       232,000

 Pro Forma
  Net Income   $   152,000   $   107,000  $   425,000   $   321,000

Pro Forma
 Net Income
  Per Share           $.05          $.06         $.14          $.16

Shares Used in
 Computing
  Net Income
   Per Share     3,130,600     1,989,966    3,130,600     1,989,966

Note: Net income for the 1994 periods is pro forma, reflecting income taxes as if the Company's Subchapter S election were terminated during those reporting periods.

CONTACT: Community Medical Transport, Inc.

Dean L. Sloane, President & CEO

[phone]

or

CMTI'S INVESTOR RELATIONS COUNSEL:

The Equity Group Inc.

Tamara Ehlin

[phone]