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WORK RECOVERY INC. ANNOUNCES SIGNING OF LETTER OF INTENT TO ACQUIRE REHABILITATION FIRM

 WORK RECOVERY INC. ANNOUNCES SIGNING OF LETTER OF INTENT
 TO ACQUIRE REHABILITATION FIRM
 TUCSON, Ariz., March 26 /PRNewswire/ -- Work Recovery Inc. (NASDAQ: WORK), a Tucson-based provider of advanced rehabilitation technology and a national network of testing clinics for the industrially injured, announced today it has signed a letter of intent with a rehabilitation firm serving the industrially injured in four states. This letter of intent will result in the acquisition of the rehabilitation firm as a wholly owned subsidiary of Work Recovery Inc.
 Thomas L. Brandon, president, said that the soon-to-be-acquired company reported, as of Dec. 31, 1991, gross sales of $2,283,300, with net income of $83,500. The firm's total assets on that date were $378,000, with net assets of $298,600. Brandon further indicated that Work Recovery Inc. will enhance the current services offered by this company with the addition of its ERGOS(TM) Work Simulator and Transition Work Stations, used in the medical/vocational treatment of industrially injured workers.
 -0- 3/26/92
 /CONTACT: Thomas L. Brandon, president, or Nancy Bommer of Work Recovery, 800-332-ERGO/
 (WORK) CO: Work Recovery Inc. ST: Arizona IN: HEA SU: TNM


KJ-CH -- LA017 -- 2006 03/26/92 13:15 EST
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Publication:PR Newswire
Date:Mar 26, 1992
Words:201
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