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HEALTHCARE IMAGING SERVICES, INC. REPORTS FIRST QUARTER 1993 FINANCIAL RESULTS

 MIDDLETOWN, N.J., May 12 /PRNewswire/ -- HealthCare Imaging Services, Inc. (NASDAQ: HISS), today reported record revenues of $3,587,446 for the first quarter of 1993 compared to revenues of $2,277,865 for the first quarter of 1992, or an increase of 57 percent, despite severe weather conditions in the Northeast.
 The company also reported operating income, before minority interests, of $578,921, and net income of $217,804 or 6 cents per share based upon 3,930,634 weighted average common shares outstanding for the quarter ended March 31, 1993, compared to operating income, before minority interests, of $464,004, and net income of $206,455 or 6 cents per share based upon 3,673,893 weighted average common shares outstanding for the quarter ended March 31, 1992.
 The following are consolidated condensed unaudited statements of income for the periods indicated:
 HEALTHCARE IMAGING SERVICES, INC.
 Quarter ended March 31 1993 1992
 Revenues $3,587,446 $2,277,865
 Expenses 3,008,525 1,813,861
 Income before minority interests of
 joint ventures and income taxes 578,921 464,004
 Minority interests in net income of
 joint ventures (180,117) (80,549)
 Income before income taxes 398,804 383,455
 Income taxes 181,000 177,000
 Net income $ 217,804 $ 206,455
 Earnings per common share $.06 $.06
 Weighted average common shares
 outstanding 3,930,634 3,673,893
 HealthCare Imaging Services, Inc., is a healthcare management and services company that provides state-of-the-art healthcare equipment, facilities and services to physicians, hospitals, and other healthcare providers. The company currently owns and operates five fixed-site imaging centers in New York, New Jersey and Pennsylvania, three mobile MRI units operating in New York and New Jersey, and one mobile lithotripsy unit operating in New York. Additionally, the company's joint venture fixed-site MRI facility in Catonsville, Md., is expected to commence operations in May 1993.
 -0- 5/12/93
 /CONTACT: Calvin M. Sprung of HealthCare Imaging Services, 908-224-9292/
 (HISS)


CO: HealthCare Imaging Services, Inc. ST: New Jersey IN: HEA SU: ERN

GK-SM -- NY023 -- 7438 05/12/93 09:47 EDT
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Publication:PR Newswire
Date:May 12, 1993
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