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HEMODYNAMICS ANNOUNCES FIRST QUARTER PROFIT VS. LOSS AND YEAR END RESULTS

 HEMODYNAMICS ANNOUNCES FIRST QUARTER PROFIT VS. LOSS
 AND YEAR END RESULTS
 BOCA RATON, Fla., May 21 /PRNewswire/ -- Hemodynamics Incorporated (NASDAQ: HMDY) and its wholly owned subsidiaries announced today consolidated operating results for the first quarter ended March 31, 1992. The company reported a net profit of $33,056 on revenues of $2,617,086 vs. a loss of $310,829 on revenues of $186,109 for the same period last year. The net profit for the first quarter of 1992 was after an interest expense of $165,641. A substantial portion of the interest charge represents accrued interest on a loan to two Hemodynamics subsidiaries from a financial institution. The agreements between the lender, the subsidiaries and the company provide for forgiveness of the accrued interest upon satisfaction of the debt in accordance with its amended terms. Resultantly, on a pro- forma basis, assuming the liquidation of the debt, first quarter earnings would have been $88,768 ($.01 per share). The dramatic revenue growth was attributed to successful acquisitions completed in late 1991 and early 1992.
 Hemodynamics is a Florida based manufacturer and marketer of medical testing equipment. Through the implementation of an aggressive "growth through acquisition" campaign, the company now has several wholly owned subsidiaries including ESC Industries, Economy Fastners Inc., and TL Fastener Corp., which are engaged in the manufacturing and distribution of construction related anchors and fasteners, and Protective Apparel Corporation of America, a Norris, Tenn. based manufacturer of ballistic resistant garments.
 HEMODYNAMICS INCORPORATED
 Quarter ended March 31, 1992 1991
 Revenues $2,617,086 $ 186,109
 Income before Interest
 and Taxes 216,897 (310,829)
 Interest and Taxes 183,841 --
 Net Income (Loss) 33,056 (310,829)
 Earnings Per Share $ 0.003 ($0.05)
 Year ended Dec. 31, 1991 1990
 Revenues $3,133,498 $ 977,104
 Net Loss (1,258,262) (2,177,123)
 Earnings Per Share ($.19) ($.59)
 -0- 5/21/92
 /CONTACT: Martin Cohen, executive vice president of Hemodynamics Incorporated, 407-994-4700/
 (HMDY) CO: Hemodynamics Incorporated ST: Florida IN: HEA SU: ERN


SS-AW -- FL005 -- 2885 05/21/92 13:21 EDT
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Publication:PR Newswire
Date:May 21, 1992
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