Community Medical Transport Signs Letter of Intent to Acquire New York Ambulance Company.

YONKERS, New York--(BUSINESS WIRE)--December 28, 1995--Community Medical Transport, Inc. (Nasdaq National Market:CMTI), a provider of medical transportation services in the New York metropolitan area, today announced that it has entered into a letter of intent to acquire the assets of a profitable, privately-held New York state provider of emergency and non-emergency ambulance services with revenues believed by Community Medical to be in excess of $7 million.

The closing of the transaction is subject to, among other things, the completion of due diligence by Community Medical, various regulatory approvals and the signing of a definitive purchase agreement by February 28, 1996. The acquisition is expected to be made for cash. Specific terms of the proposed acquisition were not disclosed.

Dean L. Sloane, Chairman, President and Chief Executive Officer of Community Medical, stated, "This acquisition meets our corporate objectives in every significant respect. It offers meaningful geographic expansion since the company to be acquired services a broad New York territory. This ability to provide services over an expansive region enhances our opportunities to be awarded managed care contracts. In addition, we expect to integrate the other forms of transportation we provide, such as ambulette and paratransit, into our proposed acquisition's hubs to broaden service capabilities."

"With this acquisition we will add the management talent that grew the company into a profitable ambulance service provider with strong revenue growth," noted Mr. Sloane. "Not least, the company whose assets we intend to purchase has earned an outstanding reputation and strong, ongoing customer relationships."

CONTACT: Community Medical Transport, Inc.

Dean L. Sloane, President & CEO 

[phone]

-or-

CMTI'S INVESTOR RELATIONS COUNSEL:

The Equity Group Inc.

Tamara Ehlin

[phone]