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THE ADMAR GROUP REPORTS FISCAL 1993 YEAR-END RESULTS

 SANTA ANA, Calif., May 3 /PRNewswire/ -- The Admar Group Inc. (NASDAQ: ADMR) today announced operating results for the fiscal year and fourth quarter ended Jan. 31, 1993.
 Admar's revenues increased 54.2 percent from $2,641,000 to $4,072,800 for the fourth quarter ended Jan. 31, 1993, as compared to the fourth quarter ended Jan. 31, 1992. This revenue increase was primarily because of growth of current clients and new clients along with the acquisitions of Benefit Plan Administrators Inc., Wm. G. Hofgard & Co. Inc., Image Financial & Insurance Services Inc. and Goodell Insurance Services. As a result of planned expenditures intended to develop further revenues and operating expenses from the acquired companies, operating expenses increased 72.5 percent from $2,483,500 to $4,283,000 for the fourth quarter ended Jan. 31, 1993, as compared to the fourth quarter ended Jan. 31, 1992. Net income for the fourth quarter ended Jan. 31, 1993, was $38,800, including a provision for income tax, a decrease from $67,500 in the fourth quarter ended Jan. 31, 1992.
 Fiscal 1993 after-tax operating results decreased to a loss of $731,200 from a profit of $268,500 in fiscal 1992. Fiscal 1993 includes a tax provision benefit of $249,000 which reduced the fiscal 1993 net loss.
 Fiscal 1993 revenues increased to $12,704,800 from $9,975,100 in fiscal 1992, an increase of 27.4 percent. This increase was because of growth of business from current clients and new clients primarily in the Preferred Provider Organization (PPO) products and the Managed Benefits Division, along with the acquisitions of Benefit Plan Administrators Inc., Wm. G. Hofgard & Co., Image Financial & Insurance Services Inc. and Goodell Insurance Services. The HealthWatch product decreased in revenue because of reductions by a current client.
 As a result of planned expenditures intended to develop further revenues and operating expenses from the acquired companies, operating expenses increased 44.0 percent from $9,506,500 in fiscal 1992 to $13,685,000 in fiscal 1993.
 In commenting on the results, Richard T. Toral, chief executive officer and chairman of the board, stated, "We continued to move ahead with our plan of operational and marketing expansion. In fiscal 1993, we have realized expected losses. However, as planned, each quarter revenues have increased, and for fiscal 1993, Admar achieved record revenues of $12,704,800, a 27 percent increase over fiscal 1992. We believe that the increased revenues, coupled with the acquisitions of Image Financial & Insurance Service Inc., a telemarketing company, Benefit Plan Administrators Inc. and Wm. G. Hofgard & Co., a Colorado Third Party Administrator and Goodell Insurance Services, a brokerage operation, puts us in a strong position in the future."
 The Admar Group Inc. develops, markets and administers managed health care services which facilitate the delivery and manage the cost of providing health care through contracted insurance carriers and self-insured employer groups. Admar's services are marketed as an adjunct to employee health care benefit plans. Programs include Preferred Provider Organizations and Exclusive Provider Organizations; the HealthWatch Medical Review System, designed to ensure appropriate use of hospitalization for medical/surgical, substance abuse, mental health, catastrophic illness and injuries; HealthWatch Advantage, a hospital and surgical negotiation program; and Managed Benefits Division, which provides management of employee benefits.
 THE ADMAR GROUP INC.
 Consolidated Statements of Operations
 Years Ended Jan. 31,
 1993 1992
 (audited)
 Revenues $12,704,800 $9,975,100
 Income before provision
 for income taxes ($980,200) $468,600
 Provision for income taxes ($249,000) $200,100
 Net income ($731,200) $268,500
 Per share data:
 Net income ($.086) $.033
 Weighted average shares
 outstanding 8,457,271 8,222,075
 Three Months Ended Jan. 31,
 1993 1992
 (unaudited)
 Revenues $4,072,800 $2,641,100
 Income before provision
 for income taxes ($210,200) $157,600
 Provision for income taxes ($249,000) $90,100
 Net income $38,800 $67,500
 Per share data:
 Net income $.005 $.008
 Weighted average shares
 outstanding 8,457,271 8,283,610
 -0- 5/3/93
 /CONTACT: Edward K. Evans, VP of The Admar Group, 714-953-9600/
 (ADMR)


CO: The Admar Group Inc. ST: California IN: HEA SU: ERN

JL-LS -- LA011 -- 3652 05/03/93 10:01 EDT
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Date:May 3, 1993
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