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ATI MEDICAL REPORTS REVENUES FOR FIRST QUARTER ENDED OCT. 31

 ATI MEDICAL REPORTS REVENUES FOR FIRST QUARTER ENDED OCT. 31
 LAS VEGAS, Dec. 12 /PRNewswire/ -- ATI Medical Inc. (AMEX: ATI) posted revenues of $13,195,200 for the first quarter ended Oct. 31, 1991, compared with $12,998,800 in last year's first quarter. The company reported a quarterly net loss of $185,400, or three cents per share, vs. a loss of $290,800, or five cents per share in the year-earlier quarter.
 Paul E. Stevenson, president and chief executive officer, said the loss was attributable in part to reduced volume in hospital equipment rentals, reflecting softness in that market, which could not be offset by profit gains from its new ALLcare and Americare subsidiaries.
 ATI Medical rents medical equipment primarily to hospitals, as well as to the entertainment industry. It also sells medical equipment and certain disposables. ATI's Americare subsidiary provides medical equipment for rental through exclusive home health care dealers covering 100 markets nationwide. The ALLcare Home Therapy Providers unit addresses home infusion patents in diverse geographic markets.
 ATI MEDICAL INC.
 Statement of Earnings
 (in thousands, except share data)
 Three Months Ended October 31,
 1991 1990
 Total net revenues $13,195,200 $12,998,800
 Costs and expenses $13,499,100 $13,475,500
 Earnings (loss) before
 income taxes ($303,900) ($476,700)
 Income tax expense
 (benefit) ($118,500) ($185,900)
 Net earnings (loss) ($185,400) ($290,800)
 Net earnings (loss)
 per share ($.03) ($.05)
 Weighted average
 number of common shares
 (assuming no dilution) 5,457,217 5,359,680
 -0- 12/12/91
 /CONTACT: Paul E. Stevenson of ATI Medical Inc., 702-361-8788, or Craig A. Parsons of Rifkind, Pondel & Parsons, 310-207-9300, for ATI Medical Inc./
 (ATI) CO: ATI Medical Inc. ST: Nevada IN: SU: ERN


DM-EH -- LA021 -- 2108 12/12/91 16:25 EST
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Publication:PR Newswire
Date:Dec 12, 1991
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