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MEDIQ/PRN LIFE SUPPORT SERVICES, INC. REPORTS FIRST QUARTER RESULTS

 MOORESTOWN, N.J., Feb. 10 /PRNewswire/ -- MEDIQ/PRN Life Support Services, Inc., a wholly owned subsidiary of MEDIQ Incorporated (AMEX: MED), today reported sharply higher operating results for the first quarter of fiscal 1993.
 Revenues for the three months ended Dec. 31, 1992, increased to $19,779,000, a gain of 81 percent over revenues of $10,953,000 in the prior year. Operating earnings before interest expense, income taxes, depreciation and amortization (EBITDA) improved to $8,559,000 from $4,380,000. Earnings before interest expense and income taxes (EBIT) increased to $4,448,000 from $2,150,000.
 MEDIQ/PRN's net income for the three months ended Dec. 31, 1992, was $689,000 compared to a net loss of $85,000 for the comparable 1991 period.
 Bernard J. Korman, president and chief executive officer of MEDIQ/PRN, said, "The merger with ATI, effective May 29, 1992, was accomplished smoothly and effectively. We have exceeded significantly the projected annualized consolidation saving of $6 million. With 60 branch offices and 75,000 units of critical care equipment, MEDIQ/PRN is the nation's leading provider of life support and critical care medical equipment on a rental basis to hospitals, home care providers and other health care facilities."
 MEDIQ/PRN LIFE SUPPORT SERVICES, INC.
 (Consolidated operating results; in thousands, except per-share data)
 Three months ended Dec. 31 1992 1991
 Revenues $19,779 $10,953
 Earnings before interest
 expense, income taxes,
 depreciation
 and amortization (EBITDA) 8,559 4,380
 Earnings before interest
 expense and income taxes
 (EBIT) 4,448 2,150
 Income (loss) before
 income taxes 1,307 (144)
 Net income (loss) 689 (85)
 /delval/
 -0- 2/10/93
 /CONTACT: Michael F. Sandler, treasurer of MEDIQ/PRN Life Support Services, 609-665-9399/
 (MED)


CO: MEDIQ /PRN Life Support Services; MEDIQ Incorporated ST: New Jersey IN: HEA SU: ERN

CC-JS -- PH016 -- 5174 02/10/93 12:48 EST
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Date:Feb 10, 1993
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