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IMEX MEDICAL SYSTEMS REPORTS RECORD SALES, DECREASED EARNINGS FOR FIRST HALF OF FISCAL 1993

 GOLDEN, Colo., Jan. 21 /PRNewswire/ -- Imex Medical Systems (NASDAQ: IMEX) today announced record sales of $4,948,023 for the first six months of the 1993 fiscal year as compared to $4,450,210 for the same period last year, an increase of 11 percent. Sales for the second fiscal quarter were $2,592,572 compared to $2,649,235 in fiscal 1992, a decrease of 2 percent.
 Net earnings year-to-date were $23,093 or $.003 per share compared to $206,419 or $.033 per share for the same period in 1992. Net earnings for the second fiscal quarter were $4,434 or $.001 per share compared to $145,776 or $.023 per share for the second quarter a year ago.
 Commenting on the results, Dennis Newman, Imex's president and CEO, said, "As in the first quarter, Imex continues to incur substantial costs associated with the June 30, 1992 acquisition of our major competitor's product line. However, we expect to see significant sales and earnings from this acquisition in the rest of the fiscal year. Also contributing to weaker than expected second quarter sales was the fact that many physicians are waiting to learn more about Pres. Clinton's plans for health care before buying new capital equipment. We have many strong leads that we expect to come to fruition as the situation improves in the coming months. We were encouraged to see that December was an all-time record sales month for Imex with sales of almost $1.3 million.
 "There are additional exciting developments happening at Imex," continued Newman. "Production of the Personal Vascular Laboratory that we acquired from MedaSonics is in full swing and we are now manufacturing and shipping a product of improved quality. With our sales force now receiving demonstration units, we should start to see increased sales of the PVL. Our international sales also continue to expand at a rate double that of last year."
 Newman also said, "More importantly, I am excited about a new program Imex is initiating that will expand public awareness of Peripheral Arterial Disease (PAD) and why it is so important to 'Get Your Pipes Checked.' Imex is developing a system to quickly and painlessly test for this new health care concern that may eclipse the phenomenon of cholesterol awareness. This strategy, when implemented this year, could cause the demand for our vascular testing equipment to explode."
 Free copies of the "Get Your Pipes Checked" program brochure are available by calling Imex Medical Systems.
 Based in Golden, Imex Medical Systems helps physicians provide improved, more cost-effective health care by developing, manufacturing and selling products for fetal heart detection and innovative systems for the non-invasive early diagnosis of cardiovascular disease -- the number one cause of death in the United States.
 IMEX MEDICAL SYSTEMS, INC.
 FINANCIAL SUMMARY
 Second Quarter Ended
 12/31/92 12/31/91

 Net sales $2,592,572 $2,649,235
 Net income $4,434 $145,776
 Net income per common share $0.001 $0.023
 Average shares outstanding 6,777,659 6,396,240
 Six Months Ended
 12/31/92 12/31/91
 Net sales $4,948,023 $4,450,210
 Net income $23,093 $206,419
 Net income per common share $0.003 $0.033
 Average shares outstanding 6,772,521 6,298,609
 -0- 1/21/93
 /CONTACT: Dennis Newman, chairman, president and CEO of Imex Medical, 303-431-9400; or Mark Trinske of Metzger-Trinske Communications, 303-665-7760 or 303-786-7000, for Imex Medical/
 (IMEX)


CO: Imex Medical Systems ST: Colorado IN: MTC SU: ERN

AL -- MN001 -- 7279 01/21/93 09:46 EST
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Date:Jan 21, 1993
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