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THE ADMAR GROUP REPORTS RECORD THIRD QUARTER RESULTS

 SANTA ANA, Calif., Dec. 21 /PRNewswire/ -- The Admar Group Inc. (NASDAQ: ADMR) today announced operating results for the third quarter and nine months ended Oct. 31, 1992.
 Admar's revenues during the third quarter increased 34.0 percent from $2,443,000 to $3,275,000 for the third quarter ended Oct. 31, 1992, as compared to the third quarter ended Oct. 31, 1991. This revenues increase was because of growth of current clients and new clients along with the acquisitions of Benefit Plan Administrators Inc. and Wm. G. Hofgard & Co. Inc. on Oct. 1, 1992, and Image Financial & Insurance Services Inc. on Sept. 1, 1992. As a result of planned expenditures to develop further growth and operating expenses from the acquired companies, operating expenses increased 49.4 percent from $2,332,000 to $3,485,000 for the third quarter ended Oct. 31, 1992, as compared to the third quarter ended Oct. 31, 1991. Net income for the quarter, including a provision for income tax, decreased to a loss of $210,000 from a profit of $72,000 for the comparable quarter in 1991.
 Revenues for the nine months ended Oct. 31, 1992, increased by 17.7 percent to $8,632,000 from $7,334,000 for the same period last year. After tax net income decreased from a profit of $201,000 to a loss of $770,000 for the nine months ended Oct. 31, 1992. The decline in income is attributed to the costs resulting primarily from operational reorganization as well as the continued increase in marketing expenditures.
 In commenting on the results, Richard T. Toral, chief executive officer and chairman of the board, stated, "We continue to move ahead with our plan of operational and marketing expansion. In the short term, we have realized expected losses. However, as planned, revenues are up $832,000 for the quarter and $1,298,000 for the year. Each month since June, Admar has achieved a record revenue of over $1 million. This trend, coupled with the recent acquisition of Image Financial & Insurance Services Inc., a telemarketing company, Benefit Plan Administrators Inc., and Wm. G. Hofgard & Co. Inc., a Colorado Third Party Administrator, along with an additional $1 million working capital received as a loan from Humana Inc., 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 Income
 Nine Months
 Ended Oct. 31,
 (Unaudited)
 1992 1991
 Revenue $8,632,000 $7,334,000
 Income (loss) before provision
 for income taxes (770,000) 311,000
 Provision for income taxes --- 110,000
 Net income (loss) (770,000) 201,000
 Per share data:
 Net income ($.092) $.025
 Weighted average shares
 outstanding 8,384,000 8,184,000
 Third quarter
 Ended Oct. 31,
 (Unaudited)
 1992 1991
 Revenue $3,275,000 $2,443,000
 Income (loss) before provision
 for income taxes (210,000) 111,000
 Provision for income taxes --- 39,000
 Net income (loss) (210,000) 72,000
 Per share data:
 Net income ($.025) $.009
 Weighted average shares
 outstanding 8,384,000 8,184,000
 -0- 12/21/92
 /CONTACT: Edward Evans, VP-finance of The Admar Group, 714-953-9600/
 (ADMR)


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

JB-LS -- LA010 -- 8684 12/21/92 10:02 EST
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Date:Dec 21, 1992
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