Complete Management, Inc. announces record first quarter results; Revenues increase 10% to $5.2 million; Earnings increase 20% to $1.1 million.

NEW YORK--(BUSINESS WIRE)--May 13, 1996--COMPLETE MANAGEMENT, INC. (ASE: CMI) today announced that gross revenues for the three months ended March 31, 1996 increased 10% to a record $5,200,000 compared with proforma revenues of $4,738,000 for the three months ended March 31, 1995. Actual revenues in the three months ended March 31, 1995 were $3,000,000.

Net income for the three months ended March 31, 1996 increased 20% to a record $1,110,000 million, or $0.15 per share, compared with proforma net income of $928,000, or $0.12 per share, for the three months ended March 31, 1995. Actual net income in the three months ended March 31, 1995 was $826,000 and net income per share (before giving effect to the issuance of shares in the merger with Medical Management, Inc. and the public offering) was $0.28.

Steven Rabinovici, Chairman of the Board and CEO, stated, "We are very pleased with our first quarter results. Revenues and earnings were in line with expectations. Revenues improved principally due to the increased level of services provided to our major clients. We look for continued progress during 1996, particularly if acquisitions can be successfully concluded and are reflected in our results."

Complete Management is a physician practice management company that offers a broad range of management and support services to medical practice groups and hospitals in New York state. -0-

                    COMPLETE MANAGEMENT, INC.
                      Selected Income Data

                                      Quarter Ended March 31,
                                     Actual           Proforma
                                  Consolidated      Consolidated
                                      1996             1995(a)

Revenues                           $5,200,000       $4,738,000

Income before provision for
 income taxes                      $2,191,000       $1,847,000

Net income                         $1,110,000         $928,000

Net income per share                    $0.15            $0.12

Weighted average number of
 shares outstanding                 7,438,298        7,438,298(a) Proforma results for 1995 reflect the merger of Medical Management, Inc. into the Company and the initial public offering of the Company's common stock, as if such transactions had occurred on January 1, 1995, even though both closed on January 3, 1996.

CONTACT: Steve Rabinovici

Chief Executive Officer and Chairman

[phone]

or

Arthur Goldberg

Chief Operating Officer

[phone]

or

Keith Lippert/Julie Vicelja

Lippert/Heilshorn & Associates, Inc.

[phone]