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U.S. ALCOHOL TESTING OF AMERICA INC. REPORTS REVENUES AND LOSSES FOR THE FISCAL YEAR ENDED MARCH 31, 1993

 RANCHO CUCAMONGA, Calif., June 30 /PRNewswire/ -- Gary S. Wolff, chief financial officer of U.S. Alcohol Testing of America Inc. (AMEX: AAA), today reported revenues and losses for the fiscal year ended March 31, 1993.
 Revenues for the year ended March 31, 1993, increased by $3,477,692 over revenues for the fiscal year ended March 31, 1992. Net loss increased to $7,217,253, or $.68 per common share, from $3,490,024, or $.66 per share, for the same period last year. Losses for the most recently completed fiscal year include $652,625 of non-recurring charges resulting from the settlement of lawsuits and non-cash losses of $1,368,205 in connection with the valuation of certain of the company's assets. Selling, general and administrative expenses increased by $3,347,741 in the most recently completed fiscal year, which was attributable to expanded operations of subsidiaries acquired, additional overhead spent in drug testing operations including license and royalty fees and marketing expenses in connection with its alcohol products. Research and development costs for the recently completed fiscal year were $1,067,381, representing an increase of $910,654 attributable to funds spent on developing the licensed drug technology which has resulted in three recent Food and Drug Administration premarketing approvals.
 Fourth quarter revenues for the quarter ended March 31, 1993, were $710,866, representing an increase of $668,601, compared to the same period last year. Net loss for the quarter was $2,447,096, or $.15 per common share, as compared to $1,740,162, or $.20 per common share, for the same period last year, of which $589,223 represented a non-cash loss in connection with the valuation of company assets.
 U.S. ALCOHOL TESTING OF AMERICA INC.
 Consolidated Statement of Income Data
 Year Ended March 31,
 1993 1992
 Net sales $4,166,104 $688,412
 Costs and expenses 10,775,728 4,369,334
 Other income (expense) (607,629) 190,898
 Net (loss) (7,217,253) (3,490,024)
 (Loss) applicable to
 common stock (8,369,012) (3,916,469)
 (Loss) per common share ($.68) ($.66)
 Weighted average shares
 outstanding 12,317,743 5,938,747
 Three Months Ended March 31,
 1993 1992
 Net sales $710,866 $42,265
 Costs and expenses 2,889,188 1,838,237
 Other income (expense) (268,774) 55,810
 Net (loss) (2,447,096) (1,740,162)
 (Loss) applicable to
 common stock (2,506,049) (1,879,554)
 (Loss) per common share ($.15) ($.20)
 Weighted average shares
 outstanding 16,643,089 9,565,447
 U.S. ALCOHOL TESTING OF AMERICA INC.
 Consolidated Balance Sheet Data
 March 31, 1993 March 31, 1992
 Cash and
 cash equivalents $1,165,279 $10,397,313
 Current assets 4,311,522 12,290,931
 Total assets 6,300,602 12,904,801
 Liabilities 1,141,591 512,715
 Minority interest 2,896,068(a) 4,090,109
 Stockholders' equity 2,262,943 8,301,977
 (a) Minority interest converted to common stock subsequent to March 31, 1993, increasing Consolidated Stockholders' Equity.
 U.S. Alcohol Testing of America Inc. manufactures evidential and screening equipment for alcohol breath testing analysis used by law enforcement agencies and industry. Its subsidiaries include: U.S. Drug Testing Inc. which is engaged in the research and development of drug testing technology licensed by the company from the U.S. Naval Research Laboratories; U.S. Rubber Recycling Inc. which recycles used tires into flooring products; and Good Ideas Enterprises Inc., a manufacturer and importer of toys.
 -0- 6/30/93
 /CONTACT: Gary S. Wolff, CFO of U.S. Alcohol Testing of America, 909-466-8378/
 (AAA)


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

JB-JL -- LA004 -- 7000 06/30/93 08:31 EDT
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Date:Jun 30, 1993
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