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MEDICAL DEVICES REPORTS THIRD QUARTER RESULTS

 MEDICAL DEVICES REPORTS THIRD QUARTER RESULTS
 ST. PAUL, Minn., May 15 /PRNewswire/ -- Medical Devices, Inc.,


(NASDAQ: MDEV) (MDI) today reported net sales of $918,000 for the third quarter of fiscal 1992 ended March 31, 1992, compared to $1,590,749 a year ago. Year-to-date sales are $3,428,694 this year versus $4,728,883 in last year's first three quarters. The company reported a net loss of $360,000 or $.17 per share in this year's third quarter versus net earnings of $65,000 or $.03 per share in last year's third quarter. On a year-to-date basis, the net loss this year is $649,000 or $.31 per share versus net earnings of $217,946 or $.11 per share in last year's first three quarters.
 During the third quarter of this fiscal year the company expanded upon its pilot program of direct retail sales which was begun in the second quarter. In selected regions of the country, the company's products are now offered on a direct sales basis, allowing the company to recognize higher gross margins than those available through sales to home health care dealers. Continued emphasis of this growing program resulted in a continuing softness of this traditional dealer business when compared to prior year levels. The company believes that this emphasis toward direct retail sales will generate significant revenue and gross profit increases by the middle of fiscal 1993.
 Spending ramped up from lower second quarter levels in the sales and marketing area in this year's third quarter to support the new direct retail sales operation. Additionally, the company increased its provision for doubtful accounts by $143,500 in this year's third quarter in anticipation of settlement of dealers' concerns about their investment in the company's products and the impact of the direct retail operation on their non-exclusive territories.
 Medical Devices, Inc. is a leading designer and manufacturer of electromedical rehabilitation and pain management products. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol MDEV.
 -0- 5/15/92
 /CONTACT: David B. Kaysen or Jeffrey P. Shields, 612-631-0590, both of Medical Devices/
 (MDEV) CO: Medical Devices, Inc. ST: Minnesota IN: MTC SU: ERN


AL -- MN014 -- 0959 05/15/92 17:00 EDT
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Publication:PR Newswire
Date:May 15, 1992
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