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MEDAMICUS, INC., ANNOUNCES THIRD QUARTER RESULTS

 MINNEAPOLIS, Oct. 27 /PRNewswire/ -- MedAmicus, Inc. (NASDAQ: MEDM), today announced its results for the three months and nine months ended Sept. 30, 1993, as follows:
 Three Months Ended Sept. 30, 1993 and 1992
 1993 1992 Change Pct. Change
 Sales $531,881 $609,688 $(77,807) (12.7)
 Net (loss) (278,608) (208,271) (70,337) (33.8)
 Net (loss) per share (.12) (.09) (.03) --
 Weighted average shares
 outstanding 2,413,367 2,382,067
 Nine Months Ended Sept. 30, 1993 and 1992
 1993 1992 Change Pct. Change
 Sales $1,271,099 $1,838,122 $(567,023) (30.8)
 Net (loss) (1,103,582) (468,996) (634,588) (135.3)
 Net (loss) per share (.46) (.20) (.26) --
 Weighted average shares
 outstanding 2,413,367 2,382,067
 The company stated that sales for the third quarter were 52 percent higher than sales in the second quarter of 1993. This improvement results from a rebound in sales of the company's proprietary vessel introducer which were lower in the first six months of 1993 because of a temporary oversupply of inventory at its two major customers. Orders from these customers have since resumed and shipments related to the increased orders commenced in August. The company expects the fourth quarter sales comparison to show continued improvement.
 MedAmicus, Inc., is a Plymouth, Minn.-based medical products company engaged in the design, development, manufacture and marketing of disposable vascular access and pressure monitoring devices.
 -0- 10/27/93
 /CONTACT: James Hartman, of MedAmicus, 612-559-2613/
 (MEDM)


CO: MedAmicus, Inc. ST: Minnesota IN: MTC SU: ERN

CP-DS -- MN021 -- 7511 10/27/93 16:43 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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