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AMERICAN DENTAL LASER REPORTS 1991 EARNINGS

 AMERICAN DENTAL LASER REPORTS 1991 EARNINGS
 TROY, Mich., March 20 /PRNewswire/ -- American Dental Laser, Inc.


(ADL) (NASDAQ: ADLI) announced that its 1991 net income was $55,577, or approximately 1 cent per share, compared to $1,114,490 and 18 cents per share in 1990. Net sales totaled $28,288,911 in 1991 compared to $12,706,493 in 1990. The company's gross profits increased from $7,440,892 in 1990 to $16,582,662 in 1991. Selling, general and administrative expenses, together with research and development costs, increased from $6,155,904 in 1990 to $17,194,926 in 1991.
 During the fourth quarter of 1991, the company had net sales of $3,977,494 and a net loss of $3,059,179, or 43 cents per share. During the fourth quarter of 1990, the company had net sales of $6,433,722 and a profit of $1,097,327, or 18 cents per share. As previously reported, the fourth-quarter loss was due to larger than anticipated expenses in Europe, where the company has been expanding its sales and distribution presence. In addition, there has been a decline in sales which the company believes is being caused by such factors as a weak economy, increased competition and anticipation of new products.
 "We are disappointed with the year-end results and the weakening of sales," said Daniel S. Goldsmith, president and chief executive officer. "A lot of dentists are hesitating to order because of the confusion in the marketplace. We will continue to market our products assertively and to educate dentists on the benefits of laser dentistry. Although we have reduced our non-sales staff, we still have the best dental laser sales force in the world and believe that the quality of our products will be recognized by dentists."
 Even with the significant reductions in operating costs already implemented by the company, the outlook for the first quarter of 1992 currently suggests a pre-tax loss of between $2 million and $2.5 million. During the second quarter, the cost reductions will have been in place for the full quarter. Although there can be no assurance as to future results, the company anticipates that the cost reductions, together with planned sales activities, should improve the company's operating results.
 At 1991 year end, the company reported total current assets of $18,317,736 and current liabilities of $6,327,679. The company's total assets at 1991 year end were $20,413,550 with $14,085,871 in total stockholders' equity.
 American Dental Laser, with headquarters in Troy, develops high- technology products for dentistry and distributes them worldwide. The company currently distributes dental lasers and intraoral dental video cameras. ADL stock is traded under the NASDAQ symbol ADLI.
 AMERICAN DENTAL LASER, INC
 CONDENSED BALANCE SHEETS
 Dec. 31 Dec. 31
 1991 1990
 ASSETS
 Current assets:
 Cash $5,707,663 $61,122
 Accounts receivable:
 Trade, less allowance of
 $160,000 in 1991 and
 $60,000 in 1990 3,166,221 3,480,878
 Related parties 457,742 24,930
 3,623,963 3,505,808
 Inventories 5,063,911 2,000,827
 Demonstration inventory 1,512,44 1,075,545
 Advance payments to supplier 1,509,000 285,762
 Prepaid expenses and
 other current assets 900,752 233,346
 Total current assets 18,317,736 7,162,410
 Notes receivable
 from related parties 35,000 35,000
 Property and equipment, net
 Prototype dental laser systems 437,014 57,014
 Office furniture and equipment 1,845,024 408,069
 Tools kits 87,500 87,500
 2,369,538 552,583
 Accumulated depreciation (414,468) (127,915)
 1,955,070 424,668
 Intangible assets, net 105,744 276,527
 Total assets $20,413,550 $7,898,605
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current liabilities:
 Accounts payable:
 Trade $ 5,083,481 $1,734,055
 Related parties 34,000 134,134
 5,117,481 1,868,189
 Compensation and
 employee benefits 306,762 427,205
 Other accrued liabilities 903,436 198,263
 Current maturities of
 long-term debt 275,093
 Total current liabilities 6,327,679 2,768,750
 Notes payable to related parties 1,075,000
 Long-term debt,
 less current portion 624,653
 Stockholders' equity
 Common stock 69,157 58,522
 Additional paid-in capital 16,500,062 3,926,633
 Accumulated deficit as
 S Corporation (554,953) ---
 Retained earnings deficit (2,483,348) ---
 Total stockholders' equity 14,085,871 3,430,202
 Total liabilities and
 stockholders' equity $20,413,550 $7,898,605
 AMERICAN DENTAL LASER, INC.
 CONDENSED STATEMENTS OF OPERATIONS
 Three Months Ended Year Ended
 Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Net sales $ 3,977,494 $ 6,433,722 $28,288,911 $12,706,493
 Cost of products
 sold 2,588,592 2,842,407 11,706,249 5,265,601
 Gross profit 1,388,902 3,591,315 16,582,662 7,440,892
 Operating expenses:
 Selling, general
 and administrative 4,601,942 2,386,913 16,237,944 5,955,334
 Research and
 development 437,530 59,397 956,982 200,570
 Income (loss)
 from operations (3,650,570) 1,145,005 (612,264) 1,284,988
 Other income (expense)
 Royalty income
 from related party 275,000 20,000 735,000 20,000
 Other income 213,580 8,145 384,249 8,145
 Interest expense (123,889) (75,823) (451,408) (198,643)
 Net income before
 taxes (3,285,879) 1,097,327 55,577 1,114,490
 Income taxes (226,700) 0 0 0
 Net income (loss) $(3,059,179) $1,097,327 $ 55,577 $1,114,490
 Shares used in calculation
 of earnings per
 share 7,189,839 6,069,226 6,769,184 6,069,226
 Net Income Per Share (0.43) 0.18 0.01 0.18
 -0- 3/20/92
 /CONTACT: Eric Fris, chief financial officer, American Dental Laser, Inc., 313-637-3713/
 (ADLI) CO: American Dental Laser, Inc. ST: Michigan IN: MTC SU: ERN


JG-ML -- DE003 -- 0002 03/20/92 09:57 EST
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