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AMERICAN MEDICAL ELECTRONICS REPORTS RECORD FINANCIAL RESULTS FOR SECOND QUARTER, FIRST SIX MONTHS OF 1992

 AMERICAN MEDICAL ELECTRONICS REPORTS RECORD FINANCIAL RESULTS FOR
 SECOND QUARTER, FIRST SIX MONTHS OF 1992
 DALLAS, July 23 /PRNewswire/ -- American Medical Electronics, Inc. (NASDAQ: AMEI), a manufacturer and distributor of advanced devices for orthopedics and neurosurgery, today reported that for the second quarter of 1992 ended June 30, revenues were $8,655,168, compared with $6,603,547 for the second quarter of 1991. Income before extraordinary item was $1,166,528 or 15 cents per share, compared with $741,783 or 12 cents per share a year ago. Net income was $1,166,528 or 15 cents per share, compared with $1,161,897 or 18 cents per share a year ago, which i ?a $420,114 extraordinary item that added 6 cents per share to the 1991 results. Per-share calculations for the second quarter include 24 percent more average shares outstanding than in 1991.
 For the six months, revenues were $16,360,423, compared with $12,159,330 for the first half of 1991. Income before extraordinary item was $2,171,459 or 28 cents per share, compared with $1,153,822 or 19 cents per share a year ago. Net income reached $2,171,459 or 28 cents per share, compared with $1,590,936 or 26 cents per share for the first half of 1991, including a $437,114 extraordinary item that added 6 cents per share.
 "The company continues to realize gains in several areas that are favorably impacting the bottom line, including slightly higher gross margins, a higher average price realized per PEMF unit leased, growing sales of our line of fixation devices acquired in June of 1991, and a decline in selling, general and administrative expenses as a percentage of revenues," said Joseph Mooibroek, president and chief executive officer.
 "As our field marketing organization becomes better established, we are realizing significant reductions in the percentage of revenues being devoted to the sales and marketing area," Mooibroek added. "At the same time, we are continuing to invest a larger percentage of revenues in our research and development activities to improve existing devices, prove new indications for our PEMF technology, develop new PEMF and spinal fixation products, and maintain our pace of long-range product development."
 AME produces and distributes medical devices used primarily by orthopedic and neurosurgical professionals. The company's product lines include: the Spinal-Stim(R) System to enhance the healing of spinal fusions, Physio-Stim(TM) bone growth stimulators for the healing of non- union fractures, the AME(R) Universal Bone Plate and Halifax(TM) Clamp cervical spine fixation systems, and the Carbon-One(TM) Halo System for patients suffering trauma or deteriorating cervical spine conditions.
 AMERICAN MEDICAL ELECTRONICS, INC.
 Consolidated Statements of Income
 (unaudited)
 Three months ended June 30 1992 1991
 REVENUES $8,655,168 $6,603,547
 Cost of Revenues 1,876,571 1,448,159
 Gross Profit 6,778,597 5,155,388
 Expenses:
 Selling, general &
 administrative 4,505,584 3,660,859
 Research &
 development 764,698 402,713
 Income from Operations 1,508,315 1,091,816
 Other Income (Expenses);
 Interest income 284,048 50,644
 Interest expense (18,524) (48,795)
 Income Before Income
 Taxes & Extraordinary
 Items 1,773,839 1,093,665
 Provision for Income
 Taxes 607,311 351,882
 INCOME BEFORE
 EXTRAORDINARY ITEM 1,166,528 741,783
 Extraordinary Item:
 Tax benefit arising
 from deduction of prior
 years' accounting losses --- 420,114
 NET INCOME $1,166,528 $1,161,897
 EARNINGS PER SHARE:
 Income Before
 Extraordinary Item $ .15 $ .12
 Net Income .15 .18
 Weighted average shares
 outstanding for the
 period 7,858,255 6,330,221
 Six months ended June 30: 1992 1991
 REVENUES $16,360,423 $12,159,330
 Cost of Revenues 3,488,161 2,647,049
 Gross Profit 12,872,262 9,512,281
 Expenses:
 Selling, general &
 administrative 8,556,849 6,988,602
 Research &
 development 1,505,182 788,029
 Income from Operations 2,810,231 1,735,650
 Other Income (Expenses);
 Interest income 532,248 62,391
 Interest expense (47,914) (103,736)
 Income Before Income
 Taxes & Extraordinary
 Items 3,294,565 1,694,305
 Provision for Income
 Taxes 1,123,106 540,483
 INCOME BEFORE
 EXTRAORDINARY ITEM 2,171,459 1,153,822
 Extraordinary Item:
 Tax benefit arising
 from deduction of prior
 years' accounting losses --- 437,114
 NET INCOME $2,171,459 $1,590,936
 EARNINGS PER SHARE:
 Income Before
 Extraordinary Item $ .28 $ .19
 Net Income .28 .26
 Weighted average shares
 outstanding for the
 period 7,887,227 6,148,852
 -0- 7/23/92 R
 /CONTACT: Terry McCord-investor relations of American Medical Electronics, 214-918-8483/
 (AMEI) CO: American Medical Electronics Inc. ST: Texas IN: MTC SU: ERN


KD-TQ -- NY027 -- 3155 07/24/92 16:33 EDT
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