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MEDICALCONTROL, INC., REPORTS EARNINGS; SECOND QUARTER NET 8 CENTS A SHARE VS. 6 CENTS A SHARE

 DALLAS, July 29 /PRNewswire/ -- MedicalControl, Inc., (NASDAQ: MDCL - common; MDCLW - warrants) announced today its June 30, 1993 financial results. For the second fiscal quarter ended June 30, 1993 the company reported net earnings of $253,838 or $0.08 per share on revenues of $1,682,959 compared to earnings of $150,651 or $0.06 per share on revenues of $1,225,265 for the three months ended June 30, 1992. For the first six months ended June 30, 1993 the company reported net earnings of $491,560 or $0.17 per share on revenues of $3,081,948 compared to earnings of $308,476 or $0.11 per share on revenues of $2,313,800 for the six months ended June 30, 1992.
 Total revenues for the second quarter of 1993 reflected an increase of 37 percent over the second quarter of 1992. Net profit for the second quarter increased by 68 percent as compared to the second quarter of 1992. The company attributed the revenue gains to the increase in the number of members in its network, as well as increased utilization.
 On May 13, 1993 the company completed its initial public offering of 800,000 units at $5.00 per unit consisting of one share of common stock and one warrant. In addition, the over allotment option of 120,000 units was exercised. Total outstanding shares after the offering is 3,620,000 shares.
 The Dallas-based company provides healthcare cost management services to self-funded employers, claims payors and insurance carriers, utilizing software applications. The company's products also include provider network development, data analysis and reporting.
 -0- 7/29/93
 /CONTACT: Ward Hunt, president, or A. J. Rosmarin, chief operating officer of MedicalControl, Inc. 214-352-2666/
 (MDCL)


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

LG-TS -- NY073 -- 7275 07/29/93 14:02 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
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