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MEDAMICUS ANNOUNCES 1991 RESULTS, 510(K) SUBMISSION AND FACULTY EXPANSION

 MEDAMICUS ANNOUNCES 1991 RESULTS,
 510(K) SUBMISSION AND FACULTY EXPANSION
 MINNEAPOLIS, Feb. 18 /PRNewswire/ -- MedAmicus, Inc. (NASDAQ: MEDM) today announced results for the three months and year ended Dec. 31, 1991, as follows:
 Three Months Ended Pct.
 12/31/91 12/31/90 Change Change
 Sales $452,123 $151,988 $300,135 +197.5
 Net (loss) (118,011) (97,036) (20,975) ---
 Net per share $(.05) $(.08) $.03 ---
 Years Ended Pct.
 12/31/91 12/31/90 Change Change
 Sales $1,487,584 $472,875 $1,014,709 +214.6
 Net (loss) (379,744) (286,423) (93,321) ---
 Net per share $(.23) $(.25) $.02 ---
 The company stated that the significant increase in revenue compared to the previous year is primarily due to increased U.S. sales of its proprietary vessel introducer. The company's introducer, which is now being used in over 200 U.S. hospitals, is being marketed by Medtronic and Bard Access Systems. Additional development costs were incurred during the fourth quarter to implement certain design enhancements to the proprietary vessel introducer.
 The company also announced that it has requested approval from the U.S. Food and Drug Administration to market its fiber optic pressure transducer system. The request was submitted under the 510(k) procedures for devices which are substantially equivalent to other legally marketed devices. FDA approval is expected to take anywhere from three to nine months.
 The company also announced that it has leased an additional 3,900 square feet, thus expanding its facilities from 8,800 square feet to 12,700 square feet. The additional space was required for increased operational and research and development activities.
 According to Richard Little, president and CEO, the company now has in place the necessary resources, i.e., personnel, equipment, facilities and technical consulting in order to carry out the planned development activities for its fiber optic pressure transducer.
 MedAmicus, Inc. is a medical products company engaged in the design, development, manufacture and marketing of disposable vascular access and pressure monitoring devices.
 -0- 02/18/92
 /CONTACT: Jim Hartman of MedAmicus, 612-559-2613/
 (MEDM) CO: MedAmicus, Inc. ST: Minnesota IN: MTC SU: ERN


KH -- MN010 -- 9873 02/18/92 11:11 EST
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Publication:PR Newswire
Date:Feb 18, 1992
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