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BIODYNAMICS REPORTS RECORD NINE MONTH REVENUES AND PROFIT

 BIODYNAMICS REPORTS RECORD NINE MONTH REVENUES AND PROFIT
 TAMPA, Fla., Sept. 23 /PRNewswire/ -- Biodynamics International,


Inc. (NASDAQ: BDYN) today reported record revenues for the nine months ended Aug. 31, 1992 increased by 55 percent to $4,901,856 compared to $3,172,440 reported for the same period of 1991. Net earnings for the period were $490,024, or $0.07 per share compared to $272,579, or $0.04 per share for the nine months of 1991.
 Revenues for the third fiscal quarter ended Aug. 31, 1992 were $2,003,703, up 58 percent from $1,266,661 reported for the same period last year. Although operating income for the quarter was $283,788 compared to $227,402 for the third quarter 1991, an increase of 24 percent, gross margin decreased as a result of the sharp decline in the value of the U.S. dollar vs. the German mark during that quarter. Net income for the quarter was down 35 percent from $197,798 last year to $128,888 due to a loss of $158,774 attributable to the autotransfusion joint venture and lower gross margin. Operating expenses remain at previously planned levels to support increased revenue performance. Earnings per share for the three month period was $0.02 vs. $0.03 for the prior comparable period.
 "Demand for our products remains high as evidenced by continued strong revenue growth," said John V. Hargiss, president. "The joint venture loss," continued Hargiss, "was directly attributable to an increase in production and marketing activities as we prepare for an anticipated commercial introduction of the PlateletPlus(TM) during the fourth fiscal quarter."
 Commenting on the proposed acquisition of the Wound Care Division of Pfrimmer-Viggo GmbH, Hargiss noted, "The due diligence process is nearing completion and we continue to make progress in arranging the financing required to complete the transaction."
 Biodynamics International, Inc. provides specialty surgical products to the neurosurgical, orthopedic, cardiovascular, plastic and reconstructive specialties. The company is a Florida corporation with executive offices in Tampa, Fla.
 BIODYNAMICS INTERNATIONAL, INC.
 STATEMENT OF OPERATIONS
 (unaudited)
 Three Months Ended
 Aug. 31,
 1992 1991
 REVENUES $2,003,703 $1,266,661
 Operating income before taxes 303,162 228,498
 Equity in (loss) of joint venture (158,774) (30,700)
 Income from operations before
 income tax and extraordinary item 144,388 $197,798
 Income taxes (49,092) (67,251)
 Income before extraordinary item 95,296 130,547
 Extraordinary item: tax benefit of
 net operating loss carryforward 33,592 67,251
 NET INCOME $128,888 $197,798
 Earnings per share 0.02 0.03
 Weighted Average common shares
 outstanding 7,056,087 6,414,588
 Nine Months Ended
 Aug. 31,
 1992 1991
 REVENUES $4,901,856 $3,172,440
 Operating income before taxes 767,261 373,819
 Equity in (loss) of joint venture (255,492) (101,240)
 Income from operations before
 income tax and extraordinary item 511,769 $272,579
 Income taxes (174,001) (92,677)
 Income before extraordinary item 337,768 179,902
 Extraordinary item: tax benefit of
 net operating loss carryforward 152,256 92,677
 NET INCOME $490,024 $272,579
 Earnings per share 0.07 0.04
 Weighted Average common shares
 outstanding 7,056,087 6,414,588
 -0- 9/23/92
 /CONTACT: John V. Hargiss or Thomas A. Martin of Biodynamics International, 813-979-0016/
 (BDYN) CO: Biodynamics International, Inc. ST: Florida IN: MTC SU: ERN


JB-AW -- FL003 -- 2644 09/23/92 12:30 EDT
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Date:Sep 23, 1992
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