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FUTURE HEALTHCARE REPORTS YEAR TO DATE EARNINGS

 CINCINNATI, Oct. 29 /PRNewswire/ -- Future HealthCare, Inc. (NASDAQ: FHCI) today reported revenues for the nine month period ending Sept. 30, 1993 of $7,031,787; an increase of 100 percent over the $3,515,681 reported for the same period of 1992. Net earnings for the period were $1,335,320 or $.44 per share compared to $134,481 or $.08 per share for the same period in 1992.
 The company reported third quarter revenues of $2,722,491 compared to $1,355,644 for the same period in 1992. Net earnings for the third quarter 1993 were $526,289 or $.16 per share compared to $41,762 or $.02 per share for the same period in 1992.
 The company opened its tenth site in Jacksonville, Fla., on Oct. 11, 1993.
 Future HealthCare provides clinical trial services to the pharmaceutical industry. Through the company's 10 owned and operated investigative sites, Future HealthCare conducts Phases I, II, III and IV clinical trials. The company's corporate headquarters are located in Cincinnati, and its 10 clinics are located in Cincinnati, Dayton and Columbus, Ohio; Birmingham, Ala.; West Orange, N.J.; Olympia, Wash.; Orlando, Fla.; Atlanta; Philadelphia; and Jacksonville, Fla.
 FUTURE HEALTHCARE, INC.
 CONDENSED STATEMENTS OF OPERATIONS
 Three Months Nine Months
 ended Sept. 30, ended Sept. 30,
 1993 1992 1993 1992
 (unaudited) (unaudited) (unaudited) (unaudited)
 Contract revenues $ 2,722,491 $ 1,355,644 $ 7,031,787 $ 3,515,681
 Cost of revenues 1,637,588 885,328 4,224,164 2,490,890
 Gross profit 1,084,903 470,316 2,807,623 1,024,791
 Selling, general
 and administrative
 expenses 332,736 252,623 970,039 594,633
 Earnings from
 operations 752,167 217,693 1,837,584 430,158
 Other income (expense),
 net
 Interest expense (122,368) (26,834) (200,515) (151,528)
 Expenses from
 withdrawn public
 offer 0 (160,000) 0 (160,000)
 Miscellaneous income
 (expense), net 28,062 10,903 34,307 15,851
 Total other
 expense (94,306) (175,931) (166,208) (295,677)
 Net earnings before
 income taxes 657,861 41,762 1,671,376 134,481
 Provision for income
 taxes 131,572 - 336,056 -
 Net earnings $ 526,289 $ 41,762 $ 1,335,320 $ 134,481
 Net primary
 earnings per
 share $ 0.16 $ 0.02 $ 0.44 $ 0.08
 Net fully diluted
 earnings per
 share 0.16 0.02 0.43 0.08
 Weighted average
 number of primary
 common shares
 outstanding 3,214,316 2,061,718 3,067,169 1,619,416
 Weighted average
 number of fully
 diluted common
 shares
 outstanding 3,722,383 2,061,718 3,283,353 1,619,416
 -0- 10/29/93 R
 /CONTACT: John D. Peckskamp, Jr., of Future HealthCare, 513-651-2525/
 (FHCI)


CO: Future HealthCare, Inc. ST: Ohio IN: MTC SU: ERN

OP -- CL018R -- 8795 10/29/93 19:52 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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