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AMERICAN DENTAL LASER REPORTS 1992 SECOND-QUARTER RESULTS

 AMERICAN DENTAL LASER REPORTS 1992 SECOND-QUARTER RESULTS
 TROY, Mich., Aug. 3 /PRNewswire/ -- American Dental Laser, Inc. (NASDAQ: ADLI) today reported revenues of $4.6 million and a net loss of $3.1 million, or 42 cents a share, for the three months ended June 30, 1992. The company's revenues in the second quarter of 1991 were $8.9 million, with net income of $1.3 million or 22 cents per share.
 Losses for the second quarter of 1992 included $1.8 million of extraordinary expenses related to developing the company's new kinetic cavity preparation instrument (KCP 2000), legal expenses that included protecting ADL patents and distribution, and non-recurring tax accruals. Excluding these extraordinary items, expenses totaled $3.7 million, down from $4.3 million in the same period of 1991.
 Anthony D. Fiorillo, who was brought into the company as president and chief operating officer May 1 and promoted to chief executive officer July 16, said:
 "This is a company in transition. Although we don't like the losses, we had to take steps to start the company moving forward again. One of those steps was to clear the decks of some extraordinary expenses.
 "We are encouraged by the initial response we have had to our newest product -- the KCP. We are getting it ready for market and expect to begin selling it before the end of the year. We are determined to reduce our legal expenses -- as much as possible, as fast as possible. As for the second-quarter accruals, they're behind us.
 "On the operating side, we have reduced our staff by 30 percent and cut expenses -- with more cuts coming. Our laser unit sales were up 17 percent from the first quarter.
 "We have a new management team in place in the U.S, including both a director of marketing and a new North American sales manager, and similar changes are being made in Europe. We are taking on new R&D and manufacturing partners and expanding our distributor base significantly in both North America and Europe.
 "These are some of the key elements in our plan to build a profitable and sustainable base for American Dental Laser," Fiorillo said.
 Earlier this week, the company announced signing a letter of intent with a second supplier of Nd:YAG dental lasers as part of a strategy to broaden and control its base of manufacturing and new product offerings. The agreement includes granting American Dental Laser an option to acquire manufacturing rights for its lasers.
 On June 30, 1992, the company's cash balance was $2.1 million, its shareholder equity was $9.3 million, and the company had no debt. The company has begun to raise new capital to fund and facilitate the introduction of the KCP and other new products. It reported that it was encouraged by the early response of investors. It is discussing a debt/equity private placement.
 American Dental Laser, headquartered in Troy, develops high- technology products for dentistry and markets them worldwide. The company's stock is traded on NASDAQ under the symbol ADLI.
 Financial statements follow this news release.
 AMERICAN DENTAL LASER
 COMPARATIVE STATEMENTS OF OPERATIONS
 1992 1991 1992 1991
 Three Months Three Months Six Months Six Months
 Ended Ended Ended Ended
 6/30 6/30 6/30 6/30
 Revenues $4,600,699 $8,870,948 $8,992,717 $17,102,428
 Cost of goods
 sold 2,324,566 3,264,590 4,362,585 6,302,400
 ---------- ---------- ---------- -----------
 Gross profit 2,276,132 5,606,358 4,630,132 10,800,028
 Operating
 expenses 5,480,303 4,304,032 10,486,850 8,186,823
 Income (loss) ---------- ---------- ---------- -----------
 from operations(3,204,170) 1,302,326 (5,856,718) 2,613,205
 Other income
 (net of int. exp.) 96,069 66,104 300,962 23,420
 Income taxes 0 30,000 0 30,000
 Net income ---------- ---------- ---------- -----------
 (loss) ($3,108,101) $1,338,430 ($5,555,756) $2,606,625
 ------------ ---------- ------------ ----------
 Net income (loss) per share
 Primary ($0.42) $0.22 ($0.76) $0.43
 ------------ ---------- ------------ ----------
 Weighted average number
 of common and
 common equivalent
 shares 7,390,569 6,156,689 7,299,674 6,122,755
 ------------ ---------- ------------ ----------
 AMERICAN DENTAL LASER COMPARATIVE BALANCE SHEETS
 6/30/92 6/30/91
 Assets
 Current Assets:
 Cash $2,136,627 $8,494,576
 Accounts Receivable 3,138,366 7,005,812
 Inventories 3,547,382 3,166,411
 Other Current Assets 1,983,791 2,482,510
 ---------- ----------
 Total Current Assets 10,806,166 21,149,309
 Notes Receivable From
 Related Parties 63,500 35,000
 Property and Equipment, Net 2,213,407 473,875
 Intangible Assets, Net 997,862 203,070
 ----------- -----------
 Total Assets $14,080,935 $21,861,254
 ----------- -----------
 Liabilities and Stockholders Equity
 Current Liabilities:
 Note Payable $0 $178,296
 Accounts Payable 1,978,148 3,345,898
 Accrued Liabilities 2,785,618 1,555,419
 Current Maturities Long
 Term Debt 0 74,754
 ----------- -----------
 Total Current Liabilities 4,763,766 5,154,367
 Long Term Debt 0 90,264
 Stockholders Equity 9,317,169 16,616,623
 Total Liabilities and ----------- -----------
 Stockholders Equity $14,080,935 $21,861,254
 -0- 8/3/92
 /CONTACT: Eric Fris, chief financial officer, 313-637-3713, or David Dolson, vice president, Communications, 313-637-3716, both of American Dental Laser, Inc./
 (ADLI) CO: American Dental Laser, Inc. ST: Michigan IN: MTC SU: ERN


JG-KR -- DE022 -- 6382 08/03/92 18:19 EDT
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