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MEDAMICUS ANNOUNCES SECOND QUARTER RESULTS

 MEDAMICUS ANNOUNCES SECOND QUARTER RESULTS
 MINNEAPOLIS, July 29 /PRNewswire/ -- MedAmicus, Inc. (NASDAQ: MEDM)


today announced its second quarter and six month results through June 30, 1992, as follows:
 MEDAMICUS, INC.
 Three Months Ended Change
 6/30/92 6/30/91 Amount Percent
 Sales $659,570 $343,503 $316,067 92.0
 Net (loss) $(165,262) $(69,628) (95,634) (137.4)
 Net (loss) per share $(.06) ($.06) -- --
 Weighted average shares
 and share equivalents
 outstanding 2,590,208 1,261,267 -- --
 Six Months Ended Change
 6/30/92 6/30/91 Amount Percent
 Sales $1,228,434 $501,102 $727,332 145.2
 Net (loss) $(260,724) $(251,284) (9,440) (3.8)
 Net (loss) per share $(.10) $(.20) $.10 --
 Weighted average shares
 and share equivalents
 outstanding 2,590,208 1,256,402 -- --
 The company attributed the revenue increase to continued growth in sales of its proprietary vessel introducer to Medtronic Inc. and Bard Access Systems, a division of C.R. Bard and to improved contract manufacturing sales. Introducer sales increased 70 percent in the second quarter and 164 percent for the six-month period compared to the same periods in 1991. Prior year periods did not have the full benefit of sales under the distribution agreements with Medtronic and Bard as those agreements were executed in May 1991.
 Contract manufacturing sales increased 220 percent in the second quarter and 84 percent for the six months compared to the same periods in 1991 as several new products were brought on line. Contract manufacturing constituted 25 percent of total sales during the second quarter.
 The company stated its second quarter net loss was impacted by research and development expenditures related to its fiber optic pressure transducer, amounting to $127,000 compared to $16,000 in the second quarter one year ago and $238,000 for the six months ended June 30, 1992, compared to $27,000 during that same period last year. In addition, the company's 1992 second quarter gross margins were reduced by start-up costs associated with bringing the new contract manufacturing projects on line and also by the implementation of certain vessel introducer design enhancements requested by Medtronic.
 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- 7/29/92
 /CONTACT: James Hartman of MedAmicus, 612-559-2613/
 (MEDM) CO: MedAmicus ST: Minnesota IN: MTC SU: ERN


DS -- MN012 -- 4784 07/29/92 16:50 EDT
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Date:Jul 29, 1992
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