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ALLIANCE IMAGING REPORTS EIGHTFOLD INCREASE IN NET INCOME FOR THE FIRST QUARTER ENDED MARCH 31, 1992

 ALLIANCE IMAGING REPORTS EIGHTFOLD INCREASE IN NET INCOME
 FOR THE FIRST QUARTER ENDED MARCH 31, 1992
 ORANGE, Calif., May 11 /PRNewswire/ -- Alliance Imaging, Inc. (NASDAQ: SCAN) announced today increased revenues and net income for the first quarter ended March 31, 1992. Revenues for the 1992 first quarter increased 13 percent to $13,720,000 from $12,159,000 in 1991. Net income was up eightfold to $553,000 from $59,000 in the 1991 quarter. Earnings per share rose 350 percent to $.09 per share from $.02 per share in 1991.
 Richard N. Zehner, chairman, president and chief executive officer, noted that the company's results reflect the addition of five MRI units and the retirement of one MRI unit in the first quarter of 1992. During the first quarter, three MRI customers were converted to full-time service. Additionally, the company added 10 MRI units on March 27, 1992, with the completion of the acquisition of Atlantic/Gulf Imaging. The acquisition has been accounted for as a purchase. Accordingly, the results of operations of Atlantic/Gulf Imaging are included in Alliance's financial statements only from the date of acquisition.
 The company also announced that it has recently placed an order for five General Electric MRI units, which will be delivered throughout the balance of 1992. Included in the order are three 1.5 tesla SIGNA units, one .5 tesla SIGNA unit and one .5 tesla MR MAX unit. The three 1.5 tesla units will be for fixed-site installations and the two .5 tesla units will be in mobile vans.
 Alliance Imaging is a leading provider of comprehensive MRI services to hospitals and other health care providers. Services are provided on both a mobile, shared-user basis as well as on a full-time basis to single customers. The company currently operates 66 MRI units and six CT units nationwide.
 ALLIANCE IMAGING, INC.
 Selected Financial Data
 Three months ending March 31 1992 1991
 Revenues $13,720,000 $12,159,000
 Net income $ 553,000 $ 59,000
 Earnings per share $.09 $.02
 Average shares
 outstanding 6,450,000 3,892,000
 -0- 5/11/92
 /CONTACT: Vincent S. Pino of Alliance Imaging, 714-921-5656/
 (SCAN) CO: Alliance Imaging Inc. ST: California IN: HEA SU: ERN


TQ -- NY023 -- 8475 05/11/92 09:34 EDT
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Publication:PR Newswire
Date:May 11, 1992
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