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UNITED MEDICORP, INC. ANNOUNCES 1992 RESULTS

 DALLAS, April 1 /PRNewswire/ -- United Medicorp, Inc. (BSE: UMI; NASDAQ: UMCI), today reported a net loss of $2,074,956, or $.14 per share, for the year ended Dec. 31, 1992, compared to a net loss of $3,838,963, or $.30 per share, which the company reported for the year ended Dec. 31, 1991. Net loss for the fourth quarter of 1992 was $664,779, or $.04 per share, compared to a net loss of $1,338,785, or $.10 per share, reported for the fourth quarter of 1991.
 Eugene W. Aune, president and chief executive officer of United Medicorp, stated, "1992 was a challenging year for UMC. We made tremendous progress in reducing our lease obligations and solidifying our relationships with customers. I believe UMC is very well positioned to benefit from the emerging trend toward outsourcing of medical insurance claims processing by hospital business offices."
 United Medicorp provides third party healthcare claims processing, management, collection, and accounting services for hospitals throughout the United States.
 -0- 4/1/93
 /CONTACT: Pete Seaman, chief financial officer of United Medicorp, 214-360-5262/
 (UMCI)


CO: United Medicorp, Inc. ST: Texas IN: HEA SU: ERN

GK -- NY024 -- 1905 04/01/93 09:34 EST
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Publication:PR Newswire
Date:Apr 1, 1993
Words:201
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