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IMEX MEDICAL SYSTEMS ANNOUNCES SIGNIFICANTLY INCREASED SALES FOR FISCAL SECOND QUARTER

 IMEX MEDICAL SYSTEMS ANNOUNCES SIGNIFICANTLY INCREASED
 SALES FOR FISCAL SECOND QUARTER
 GOLDEN, Colo., Jan. 16 /PRNewswire/ -- Imex Medical Systems, Inc. (NASDAQ: IMEX) announced today that net sales for the recent second quarter ended Dec. 31, 1991, increased 29 percent over the same quarter last year to $2,649,235 from $2,049,431. For the first six months of fiscal 1992, sales were up 28 percent from the same period last year to $4,450,210 from $3,542,818.
 The increase is due to strong demand in both the vascular recorder product lines and in the small doppler product lines.
 Earnings for the recent second quarter were $145,776 or $.02 per share compared to $147,942 or $.02 per share a year ago.
 For the first six months of fiscal 1992, earnings rose 22 percent to $206,419 or $.03 per share compared to $169,034 or $.03 per share for the same period last year.
 "We are pleased with the substantial sales increase for the first six months of this year," President and Chief Executive Officer Dennis Newman said. "Certainly this performance underlines our belief that Imex is a consistently profitable, customer-oriented, industry leader. The clarification of reimbursements of office physicians and publication of the new fees paid to physicians by Medicare are encouraging for our products. As these new fee changes are understood by physicians, we anticipate further growth in our markets."
 He added that the recent introduction of the Pocket Dop 3 has been very successful. Also, he noted that the company expects to bring out several new modules to enhance the capabilities of the IMEXLAB 9000 later this year.
 Headquartered in Golden, Imex specializes in "user-friendly" and cost-effective instrumentation for the primary care and office-based physician.
 IMEX MEDICAL SYSTEMS
 FINANCIAL SUMMARY
 Three Months Ended Six Months Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Revenues $2,649,235 $2,049,431 $4,450,210 $3,542,818
 Net income 145,776 147,942 206,419 169,034
 Net income per
 common share $.02 $.02 $.03 $.03
 Outstanding
 shares 6,568,038 6,238,425 6,568,038 6,238,425
 -0- 1/16/92
 /CONTACT: Dennis Newman or Ernest S. Malachowski, 303-431-9400, both of Imex Medical Systems/
 (IMEX) CO: Imex Medical Systems, Inc. ST: Minnesota IN: MTC SU: ERN


KH -- MN004A -- 0352 01/16/92 09:04 EST
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Publication:PR Newswire
Date:Jan 16, 1992
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