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UNITED MEDICORP, INC. ANNOUNCES FIRST QUARTER RESULTS

 DALLAS, June 8 /PRNewswire/ -- United Medicorp, Inc. (Boston Stock Exchange: UMI, Dow Jones: UMCI) today reported a net loss of $390,268, or $.02 per share, for the three months ended March 31, 1993, compared to a net loss of $463,770, or $.04 per share, for the three months ended March 31, 1992. Revenues for the three months ended March 31, 1993 totalled $230,136, compared to $333,613 for the three months ended March 31, 1992.
 Eugene W. Aune, president and chief executive officer of United Medicorp, stated, "UMC made good progress during the first quarter of 1993. We ramped up fee revenues from two new contracts for outpatient claims processing, settled capital lease obligations on most of our telephone and computer equipment, and completed a private placement which raised $1.13 million in new equity. I continue to believe that UMC is very well positioned to benefit from the emerging trend toward outsourcing business office functions."
 United Medicorp provides third party healthcare claims processing, management, collection, and accounting services for hospitals throughout the United States.
 -0- 6/8/93
 /CONTACT: Pete Seaman, chief financial officer of United Medicorp, 214-360-5262/


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

MP -- NY018 -- 6416 06/08/93 09:40 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
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