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Medical Technology Announces 23% Increase in First Quarter Sales

LANCASTER, Pa., Nov. 26 /PRNewswire/ -- Medical Technology & Innovations Inc. (OTC BULLETIN BOARD: MTEN), announced today that sales for its first fiscal quarter ended September 30, 1996 rose by 23% to $832,092 from $674,924 on a comparable basis in the three months ended September 30, 1995.

Medical Technology also reported that as of September 30, 1996 its current ratio (assets vs. liabilities) had improved to 5.4 to 1.0 compared with the ratio of 1 to 1 at the end of its last fiscal year, June 30, 1996.

Medical Technology & Innovations, Inc. manufactures and sells the MTI Photoscreener(TM), a hand-held photographic device used to screen the eyes of young, preverbal and difficult-to-screen children for Amblyopia or "Lazy Eye" Syndrome and other vision problems. The company has recently acquired Steridyne Corporation, a profitable manufacturer and distributor of pediatric and general health products, including fever monitoring devices, anti- decubitus gel cushions and disposables.

Please visit our web site at:

SOURCE Medical Technology & Innovations Inc.
 -0- 11/26/96

/CONTACT: Neil Rand or Deborah Lange of Corporate Imaging, 602-504-9230/


CO: Medical Technology & Innovations Inc. ST: Pennsylvania IN: MTC SU: SLS

KL-CW -- LATU013 -- 4224 11/26/96 09:10 EST
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Publication:PR Newswire
Date:Nov 26, 1996
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