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AMERICAN MEDICAL ELECTRONICS, INC. REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL YEAR 1992

 DALLAS, Feb. 4 /PRNewswire/ -- American Medical Electronics, Inc., (NASDAQ: AMEI) a manufacturer and distributor of advanced devices for orthopaedics and neurosurgery, today reported financial results for the fourth quarter and full year ended Dec. 31, 1992.
 For the fourth quarter of 1992, revenues were $8,387,742, compared with $7,811,527 for the fourth quarter of 1991. Net income was $694,571 or 9 cents per share, compared with $1,083,170 or 14 cents per share for the fourth quarter of 1991.
 For the 12 months of 1992, revenues were $32,674,537, compared with $27,147,421 for 1991. Income before extraordinary item was $3,818,251 or 49 cents per share, compared with $3,166,567 or 44 cents per share a year ago. Net income for 1992 was $3,818,251 or 49 cents per share, compared with the prior year's $3,777,420 or 54 cents per share, including an extraordinary item that added $610,853 or 9 cents per share in 1991.
 "Following strong increases during the first half of 1992, the growth rate for both revenues and earnings slowed during the second half of the year," said Joseph Mooibroek, president and chief executive officer. "The absence of any new product marketing approvals from the Food and Drug Administration impacted AME. We currently have more applications before the FDA than at any other point in AME's history.
 "Financial results for the year and fourth quarter were also affected by the large turnover within our internal sales force during the third quarter. Although we quickly replaced those leaving AME, the new sales people had to be retrained, increasing sales and marketing expenses while reducing sales efficiency in the near term," Mooibroek added.
 "We also significantly increased research and development expenditures during the fourth quarter to maintain our product development schedule," said Mooibroek. "While action from the FDA has been slow in coming, we have not let it deter us from having a strong, forward-looking R&D program for a number of short- and long-range projects."
 Mooibroek also noted that the company had received a letter from the FDA directing AME not to promote its Universal Bone Plate for spinal indications. However, he added that, "We intend to actively pursue commercial marketing approval from the FDA for these indications.
 "AME completed its 3 percent royalty obligation on stimulation product revenues in the fourth quarter and continues to enjoy a very strong financial condition that will enable us to pursue the acquisition of product lines or companies as a part of our overall product strategy," Mooibroek concluded.
 AME produces and distributes medical devices used primarily by orthopaedic and neurosurgical professionals. The company's product lines include: the Spinal-Stim(R) System to enhance the healing of spinal fusions, Physio-Stim(R) bone growth stimulators for the healing of non-union fractures, the AME(R) Universal Bone Plate, the Halifax(R) Clamp cervical spine fixation system, and the Carbon-One(TM) Halo System for patients suffering trauma or deteriorating cervical spine conditions.
 AMERICAN MEDICAL ELECTRONICS, INC. AND SUBSIDIARY
 Consolidated Statements of Income
 Periods ended Three Months Twelve Months
 Dec. 31 1992 1991 1992 1991
 Revenues $8,387,742 $7,811,527 $32,674,537 $27,147,421
 Cost of
 revenues 2,148,945 1,476,864 7,636,634 5,674,801
 Gross profit 6,238,797 6,334,663 25,037,903 21,472,620
 Expenses:
 S,G&A 4,627,509 4,490,138 17,550,558 15,392,805
 Research and
 development 835,418 545,038 3,062,124 1,865,262
 Income from
 operations 775,870 1,299,487 4,425,221 4,214,553
 Other income
 (expenses):
 Gain (loss) on sales
 of marketable
 securities (14,299) -- 324,442 --
 Interest income 169,457 301,483 981,979 601,415
 Interest expense (18,596) (19,792) (81,891) (145,606)
 Income before income
 taxes and extraord.
 item 912,432 1,581,178 5,649,751 4,670,362
 Provision for income
 taxes 217,861 498,008 1,831,500 1,503,795
 Income before
 extraordinary
 item 694,571 1,083,170 3,818,251 3,166,567
 Extraordinary item:
 Tax benefit arising from
 deduction of prior years'
 accounting losses -- -- -- 610,853
 Net income 694,571 1,083,170 3,818,251 3,777,420
 Earnings per share:
 Primary
 Income before
 extraord. item $.09 $.14 $.49 $.45
 Net income .09 .14 .49 .54
 Fully-diluted
 Income before
 extraord. item .09 .14 .49 .44
 Net income .09 .14 .49 .53
 Weighted average shares
 outstanding for the period
 Primary 7,681,339 7,895,704 7,872,205 7,020,239
 Fully diluted 7,681,339 7,944,015 7,872,205 7,155,362
 -0- 2/4/93
 /CONTACT: Joseph Mooibroek, president and CEO, 214-918-8383, or Wesley Johnson, VP-finance and CFO, 214-918-8477, both of American Medical Electronics, Inc./
 (AMEI)


CO: American Medical Electronics, Inc. ST: Texas IN: CPR SU: ERN

CK -- NY086 -- 3012 02/04/93 13:02 EST
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