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EVEREST MEDICAL ANNOUNCES SECOND QUARTER RESULTS

 EVEREST MEDICAL ANNOUNCES SECOND QUARTER RESULTS
 MINNEAPOLIS/ST. PAUL, July 16 /PRNewswire/ -- Everest Medical


Corporation (NASDAQ: EVMD) reported net sales of $525,170 for the quarter ended June 30, 1992, compared with sales of $330,132 for second quarter 1991, an increase of 59 percent. Sales for the first six months of 1992 were $1,136,942, compared to $619,350 for the same period of 1991, an increase of 84 percent. The company also reported a loss of $1,042,042, or $.21 per share, for second quarter 1992, compared with a loss of $785,887, or $.22 per share, for second quarter 1991.
 Losses for the quarter reflected ongoing costs of new product development, recruitment and support of the distributor network, and one-time costs associated with a recent work force reduction.
 Everest Medical corporation designs, manufactures and markets instruments for less-invasive gall bladder removal, hernia repair, polyp removal and gynecological surgery.
 EVEREST MEDICAL CORPORATION
 RESULTS OF OPERATIONS
 Second Quarter Ended
 6/30/92 6/30/91
 Net sales $525,170 $330,132
 Net income $(1,042,042) $(785,887)
 EPS $(.21) $(.22)
 Wgt Ave Shares 4,865,075 3,544,143
 Six Months Ended
 6/30/92 6/30/91
 Net sales $1,136,942 $619,350
 Net income $(1,733,229) $(1,469,046)
 EPS $(.41) $(.42)
 Wgt Ave Shares 4,244,694 3,523,741
 CONDENSED BALANCE SHEET
 6/30/92 12/31/91
 Current assets $4,314,177 $1,526,047
 Other assets $796,409 $705,643
 Total assets $5,110,586 $2,231,690
 Current liabilities $552,706 $512,676
 Long-term liabilities $1,080,005 $153,243
 Shareholders' equity $3,477,875 $1,565,771
 Total liabilities and
 shareholders' equity $5,110,586 $2,231,690
 -0- 7/16/92
 /CONTACT: Michael J. Hollenhorst of Everest, 612-473-6262/
 (EVMD) CO: Everest Medical Corporation ST: Minnesota IN: MTC SU: ERN


KH -- MN014 -- 9991 07/16/92 17:04 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Jul 16, 1992
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