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AMERICAN MEDICAL ELECTRONICS REPORTS THAT FOURTH QUARTER AND FULL YEAR 1991 FINANCIAL RESULTS REACH RECORD LEVELS

 AMERICAN MEDICAL ELECTRONICS REPORTS THAT FOURTH QUARTER
 AND FULL YEAR 1991 FINANCIAL RESULTS REACH RECORD LEVELS
 DALLAS, Feb.6? /PRNewswire/ -- American Medical Electronics, Inc., (NASDAQ: AMEI) a manufacturer and distributor of advanced devices for orthopaedics and neurosurgery, today reported record financial results for the fourth quarter and 12 months ended Dec. 31, 1991.
 For the fourth quarter, revenues were up 55 percent to a record $7,811,527, compared with $5,037,877 for the fourth quarter a year ago. Net income before extraordinary items was $1,083,170 or 14 cents per primary share, compared with $631,443 or 11 cents for the fourth quarter of 1990. Fourth quarter net income was also $1,083,170 or 14 cents per primary share, compared with $963,513 or 17 cents for the prior year's fourth quarter. Fourth quarter 1990 included extraordinary tax benefits of $332,070 or six cents per primary share. Fourth quarter 1991 primary per-share calculations include a 36 percent increase in average shares outstanding over the prior year, primarily due to a June 1991 secondary stock offering.
 For the year 1991, revenues were up 39 percent to a record $27,147,421 from $19,505,279 for 1990. With 24 percent more average primary shares outstanding, net income before extraordinary items for 1991 was $3,166,567 or 45 cents per primary share, compared with $2,260,879 or 40 cents for 1990. Net income was $3,777,420 or 54 cents per primary share, compared with $3,482,297 or 62 cents per share in 1990. Net income in 1990 included extraordinary tax benefits of $1,221,418 or 22 cents per primary share compared to $610,853 or nine cents per share in 1991.
 "We have been very pleased with the excellent progress being made by our field sales organization, which has produced record revenue gains for each succeeding quarter of 1991, as well as for the year as a whole," said Joseph Mooibroek, president and chief executive officer.
 "Throughout 1991 we invested substantially in the rapid build-up of our sales force, resulting in higher-than-normal sales and marketing expenses as a percent of revenues," said Mooibroek, "Much of this investment has been in nonrecurring costs of more than $600,000 resulting from the changeover from outside sales agents. With our sales force essentially in place, we expect sales expenses as a percent of revenues to decline throughout 1992.
 "We also increased research and development activity significantly during 1991, with R&D expenditures double the prior-year level," added Mooibroek, "We intend to continue expanding our line of orthopaedic, spinal and neurosurgical products through internal development, as well as through an active program to acquire technologies and businesses."
 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(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
 Three Months Ended Dec. 31, 1991 1990
 Revenues $7,811,527 $5,037,877
 Cost of Revenues 1,476,864 1,083,502
 Gross Profit 6,334,663 3,954,375
 Expenses:
 Selling, general and
 administrative 4,490,138 2,655,945
 Research and development 545,038 240,868
 Income From Operations 1,299,487 1,057,562
 Other Income (Expense):
 Interest income 301,483 19,160
 Interest expense (19,792) (48,077)
 Income Before Income Taxes
 and Extraordinary Items 1,581,178 1,028,645
 Provision for income taxes 498,008 397,202
 Income before
 extraordinary items 1,083,170 631,443
 Extraordinary Items:
 Tax benefit of utilization
 of net operating loss
 carryforward -- 332,070
 Tax Benefit arising from
 deduction of prior years'
 extraordinary losses -- --
 Net income $1,083,170 $ 963,513
 Earnings Per Share:
 Primary
 Net Income Before
 Extraordinary Items $0.14 $0.11
 Net Income 0.14 0.17
 Fully-diluted
 Net Income Before
 Extraordinary Items $0.14 $0.11
 Net Income 0.14 0.16
 Weighted average shares
 outstanding for the period
 Primary 7,895,704 5,806,694
 Fully-diluted 7,944,015 5,929,206
 Twelve Months Ended Dec. 31, 1991 1990
 Revenues $27,147,421 $19,505,279
 Cost of Revenues 5,674,801 4,097,396
 Gross Profit 21,472,620 15,407,883
 Expenses:
 Selling, general and
 administrative 15,392,805 10,683,465
 Research and development 1,865,262 929,136
 Income From Operations 4,214,553 3,795,282
 Other Income (Expense):
 Interest income 601,415 33,738
 Interest expense (145,606) (231,605)
 Income Before Income Taxes
 and Extraordinary Items 4,670,362 3,597,415
 Provision for income taxes 1,503,795 1,336,536
 Income before
 extraordinary items 3,166,567 2,260,879
 Extraordinary Items:
 Tax benefit of utilization
 of net operating loss
 carryforward -- 1,221,418
 Tax Benefit arising from
 deduction of prior years'
 extraordinary losses 610,853 --
 Net income $3,777,420 $3,482,297
 Earnings Per Share:
 Primary
 Net Income Before
 Extraordinary Items $0.45 $0.40
 Net Income 0.54 0.62
 Fully-diluted
 Net Income Before
 Extraordinary Items $0.44 $0.38
 Net Income 0.53 0.59
 Weighted average shares
 outstanding for the period
 Primary 7,020,239 5,650,618
 Fully-diluted 7,155,362 5,898,104
 -0- 2/6/92
 /CONTACT: Terry McCord of American Medical Electronics, 214-918-8483/
 (AMEI) CO: American Medical Electronics, Inc. ST: Texas IN: HEA SU: ERN


JT -- NY063 -- 7724 02/06/92 12:17 EST
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