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HEALTHCARE IMAGING SERVICE REPORTS THIRD QUARTER EARNINGS

 HEALTHCARE IMAGING SERVICE REPORTS THIRD QUARTER EARNINGS
 SHREWSBURY, N.J., Dec. 30 /PRNewswire/ -- HealthCare Imaging Services, Inc. (NASDAQ: HISS) today reported net income of $201,900 or $.10 per share for the three months ended Sept. 30, 1991 compared to net income of $115,483 or $.06 per share, for the corresponding quarter of 1990. Net income for the nine months ended Sept. 30, 1991 was $649,006 or $.32 per share compared to net income of $240,977 or $.12 per share, for the comparable period of 1990.
 The following are unaudited combined condensed statements of income for the periods indicated:
 HEALTHCARE IMAGING SERVICES, INC.
 Periods ended Three Months Nine Months
 Sept. 30; 1991 1990 1991 1990
 Revenues $1,560,439 $ 818,076 $4,155,858 $2,051,398
 Expenses 1,185,261 599,393 2,933,402 1,595,021
 Income before taxes
 & minority interest
 of joint venture 375,178 218,683 1,222,456 456,377
 Income tax expense 185,200 103,200 586,200 215,400
 Income before minority
 interest of
 joint venture 189,978 115,483 636,256 240,977
 Minority interest
 in net loss
 of joint venture 11,922 -- 12,750 --
 Net income 201,900 115,483 649,006 240,977
 Earnings per
 common share $.10 $.06 $.32 $.12
 Common shares
 outstanding 2,000,000 2,000,000 2,000,000 2,000,000
 HealthCare Imaging Services, Inc. consummated its initial public offering in November 1991 and raised approximately $6,000,000, net of expenses.
 HealthCare Imaging Services, Inc. is a health care management and services company that supplies state-of-the-art health care equipment, facilities, and services to physicians, hospitals, and other health care providers. The company's current operations are engaged in the business of establishing and operating fixed-site and mobile magnetic resonance imaging (MRI) facilities.
 -0- 12/30/91
 /CONTACT: Calvin M. Sprung of HealthCare Imaging Services, 908-542-3311/
 (HISS) CO: HealthCare Imaging Services, Inc. ST: New Jersey IN: HEA SU: ERN


JT -- NY004 -- 2792 12/30/91 09:30 EST
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Publication:PR Newswire
Date:Dec 30, 1991
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