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I-FLOW TO REPORT $1.1 MILLION IN REVENUES FOR THE FIRST QUARTER OF 1993, A 439 PERCENT INCREASE OVER THE SAME PERIOD IN THE PRIOR YEAR

 IRVINE, Calif., April 20 /PRNewswire/ -- I-FLOW Corp. (NASDAQ: IFLO), manufacturer and seller of innovative ambulatory infusion devices, today announced that total revenues for the quarter ended March 31, 1993, will exceed $1.1 million. This represents an increase of more than 430 percent over the year-ago quarter and a 29 percent increase over the fourth quarter of 1992. The reported net loss for the quarter ended March 31, 1993, will be approximately $650,000, or $0.11 per share, as compared to a net loss of $899,000, or $0.24 per share, in the year-ago quarter.
 "I-FLOW has reached a new milestone in achieving its first quarterly revenues in excess of $1 million," said Donald M. Earhart, president and chief executive officer. "With the strong growth in first quarter sales from all products, plus the completed agreement with Fujisawa USA to distribute the SideKick, we are on schedule to exceed $5.0 million in sales in 1993.
 "In addition," commented Earhart, "our family of infusion pumps represent the low-cost alternative for intravenous drug delivery in their respective markets. Because of this cost advantage, we are well-positioned to deal with the forecasted changes in the health care delivery system in the U.S. As the effort to reduce the cost of health care increases, we expect to be a key benefactor."
 I-FLOW Corp. designs, develops, manufactures and markets technically advanced ambulatory infusion systems uniquely well-suited to the alternate care environment. Reliable, efficient and easy to use, I-FLOW products offer users substantial opportunities to expand their therapy base, improve quality of care and increase productivity. These advantages translate into improved revenues and profits for health care providers while reducing costs and improving the quality of life for patients.
 I-FLOW CORP.
 Statements of Operations
 (Unaudited; All amounts in thousands except per share amounts)
 Three Months Ended
 March 31,
 1993 1992
 Revenues:
 Net sales $1,011 $111
 Rental income 83 84
 Interest income 12 9
 Total revenues 1,106 204
 Costs and Expenses:
 Cost of sales 709 174
 Selling, general and administrative 855 712
 Research and development 191 217
 Total costs and expenses 1,755 1,103
 Net loss ($649) ($899)
 Net loss per share ($0.11) ($0.24)
 Weighted average number of common
 shares outstanding 5,896 3,709
 All share and per-share data have been retroactively adjusted for a 1-for-5 reverse stock split effective May 11, 1992.
 -0- 4/20/93
 /CONTACT: Jim Dal Porto, executive VP of I-FLOW, 714-553-0888/
 (IFLO)


CO: I-FLOW Corp. ST: California IN: HEA SU: ERN

KJ-JL -- LA008 -- 7827 04/20/93 09:12 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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