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U.S. ALCOHOL TESTING OF AMERICA INC. ANNOUNCES REVENUE AND LOSSES

 RANCHO CUCAMONGA, Calif., Nov. 17 ~PRNewswire~ -- U.S. Alcohol Testing of America Inc.'s (AMEX: AAA) Chief Financial Officer, Gary S. Wolff, announced today interim revenues and losses for the six months ended and the three months ended Sept. 30, 1992.
 U.S. ALCOHOL TESTING OF AMERICA INC.
 Financial Highlights
 Six Months 1992 1991
 Net sales $1,587,194 $386,850
 Other income (loss) (130,603) 62,422
 Net (loss) (3,281,906) (607,016)
 Loss per common share ($.40) ($.17)
 Three Months
 Net sales $1,448,961 $188,173
 Other income (loss) (190,700) 17,636
 Net (loss) (2,349,056) (371,541)
 Loss per common share ($.27) ($.10)
 The loss for the six months and three months ended Sept. 30, 1992, include non-recurring settlements of litigation in the amount of $652,625, of which $292,500 was a non-cash charge to operations representing the excess of market value on common stock purchase warrants issued over their exercise price. The loss also included certain unrealized losses not due to operations in the amounts of $469,360 and $360,267 respectively.
 After adjustments for the above expenses, the company's expansion into the drug testing market accounted for approximately 23 percent of the increase in losses for the six months ended Sept. 30, 1992, as compared to the same period of the prior year. This represents the company's commitment to new product development.
 Approximately 11 percent of the increased loss is attributed to increased overhead arising from the company's expansion of facilities, staff, advertising and marketing programs.
 -0- 11~17~92
 ~CONTACT: Gary S. Wolff, CFO of U.S. Alcohol Testing of America, 800-753-4625~
 (AAA)


CO: U.S. Alcohol Testing of America Inc. ST: California IN: MTC SU: ERN

LS-JB -- LA002 -- 1621 11~17~92 07:00 EST
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Publication:PR Newswire
Date:Nov 17, 1992
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