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MEDICALCONTROL, INC., THIRD QUARTER NET $235,948 VS. $211,142 PRIOR YEAR

 DALLAS, Oct. 28 /PRNewswire/ -- MedicalControl, Inc. (NASDAQ Small Caps: MDCL-common, MDCLW-warrants), announced today its September 30, 1993 results. For the third quarter ended September 30, 1993, the Company reported net earnings of $235,948 on revenue of $1,500,252 compared to earnings of $211,142 on revenue of $1,230,675 for the three months ended September 30, 1992. Earnings were $.07 per share on 3,620,000 shares for the three months ended September 30, 1993 compared to $.08 per share on 2,700,000 shares for the same period in 1992. For the nine months ending September 30, 1993 earnings were $0.23 per share compared to $0.19 per share for the same period in 1992.
 Total revenue for the third quarter of 1993 reflected an increase of 22 percent over the third quarter of 1992. Net earnings for the third quarter increased by 12 percent as compared to the third quarter of 1992. For the nine months ending September 30, 1993 the Company's revenue was $4,582,200, or 29 percent higher than the same period for 1992. Net earnings of $727,509 were 40 percent higher than the same period for 1992. The Company is optimistic about its growth prospects for the remainder of 1993 and beyond.
 The increase in the number of clients utilizing the Company's network has resulted in increased revenue and additional personnel expense to service the growth. Since January 1, 1993 the Company's network of covered lives has expanded by 10 percent. The Company anticipates additional increases in covered lives by December 31, 1993. The Texas Association of School Boards, an association including over 1,000 school districts and county school boards, junior colleges, appraisal districts and cooperatives will become a member of the Company's network effective January 1, 1994.
 The Company is well-positioned to respond to health reform proposals. MedicalControl's healthcare cost management services are consistent with proposed legislation,
 -0- 10/28/93
 /CONTACT: A. J. Rosmarin, Chief Operating Officer of MedicalControl, Inc., 214-352-2666, or Laurey Peat of Laurey Peat & Assoc., 214-871-8787/
 (MDCL)


CO: MedicalControl, Inc. ST: Texas IN: HEA SU: ERN

TS-MP -- NY048 -- 7930 10/28/93 12:33 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:362
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