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INFOMED TO FILE 10KSB FOR 1993

    PRINCETON, N.J., Oct. 27 /PRNewswire/ -- InfoMed Holdings, Inc. (NASDAQ: IMHI), announced today that it has filed with the Securities and Exchange Commission for an extension to file special form 10KSB, required under Rule 15D-2 of the Securities Act of 1933.  Under the rule, because the financial results of InfoMed, Inc., and Script Systems, Inc., were not audited as of March 31, 1993, this filing was due within 90 days of the effective date of the S-4 Registration Statement.
    For the year ended June 30, 1993, Script Systems expects to report a loss of approximately $2.9 million on revenues of approximately $5.1 million.  The expected loss for this period reflects additional staffing in sales, marketing and administration and a management fee to InfoMed.
    For the year ended June 30, 1993, InfoMed, Inc., expects to report a loss of approximately $1.7 million on revenues of approximately $9.4 million.  The expected loss for this period reflects increased selling and general and administrative expenses.  In addition, the results reflect a gain on the sale of discontinued operations of $702,000.
    The results for Script Systems, Inc., are expected to show that at June 30, 1993, Script had a negative working capital position of approximately $2.4 million.  The results for InfoMed, Inc., are expected to show that at June 30, 1993, InfoMed had a negative working capital position of $2.3 million.
    -0-             10/27/93
    CONTACT:  Barrett C. O'Donnell, chairman of InfoMed, 609-987-8181; or Sam Witchel of Scharff, Witchel & Co., 212-983-1060
    (IMHI) CO:  INFOMED HOLDINGS, INC.; SCRIPT SYSTEMS, INC. ST:  NJ


-- NY033 -- X425 10/27/93
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Publication:PR Newswire
Date:Oct 27, 1993
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