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Q-MED REPORTS A 46 PERCENT RISE IN FOURTH QUARTER SALES AND A 386 PERCENT INCREASE IN FOURTH QUARTER PROFITS

 LAURENCE HARBOR, N.J., Feb. 1 /PRNewswire/ -- Q-Med, Inc. (NASDAQ: QEKG) today reported that net sales for the fourth quarter ended Nov. 30, 1992 increased 46 percent to $3,217,530 compared to net sales of $2,210,104 for the corresponding period of the prior year. Net profits for the fourth quarter were up 386 percent to $297,313 or $0.04 per share, compared to a net profit of $61,195 or $0.01 per share for the corresponding period of the prior year.
 Net sales for the year ended Nov. 30, 1992 increased 29 percent to $10,007,636 compared to net sales of $7,739,885 for the corresponding period of the prior year. Net profits for the year ended Nov. 30, 1992 were $94,301 or $0.01 per share.
 Michael W. Cox, CEO of Q-Med, commented that these increases in sales and profits were due to growing demand for the company's products including Interp 1000, a computerized electrocardiograph and VasoSpect, a non-invasive device to detect deep venous thrombosis, each of which were introduced this past year. We are encouraged that our investment in an expanded sales force and additions to our line of sophisticated diagnostic products for the primary health care physicians is resulting in greater volume and profitability.
 Q-MED, INC.
 Periods ended Year Quarter
 Nov. 30 1992 1991 1992 1991
 Net Sales $10,007,636 $7,739,885 $3,217,530 $2,210,104
 Net Income 94,301 101,473 297,313 61,195
 Average Shares 7,351,560 6,640,315 7,660,772 6,640,310
 Income per share $.01 $.02 $.04 $.01
 -0- 2/1/93
 /CONTACT: Debra Fenton, controller of Q-Med Inc., 800-237-2039/
 (QEKG)


CO: Q-Med, Inc. ST: New Jersey IN: HEA SU: ERN

TS-DO -- NY056 -- 1354 02/01/93 11:58 EST
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Date:Feb 1, 1993
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