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UNITED MEDICORP, INC. REPORTS FIRST QUARTER RESULTS

 UNITED MEDICORP, INC. REPORTS FIRST QUARTER RESULTS
 DALLAS, May 18 /PRNewswire/ -- United Medicorp, Inc. (NASDAQ: UMCI)


reported a loss of $463,770, or $0.04 per share, for its first fiscal quarter ended March 31, 1992, on revenues of $333,613. Losses from operations declined by 72 percent from the prior year's level, reflecting the impact of expense reductions made during the latter part of 1991.
 Eugene W. Aune, president and chief executive officer of United Medicorp, noted that further operating expense cuts made during the first quarter will be fully effective in the second quarter. "Together with the incremental revenue from two recently signed new contracts," he said, "we expect these cost reductions to lead to further improvement in our operating performance as the year unfolds."
 United Medicorp provides third party healthcare claims processing, management, collection and accounting services for hospitals throughout the United States.
 -0- 5/18/92
 /CONTACT: Pete Seaman, chief financial officer of United Medicorp, Inc., 214-360-5262/
 (UMCI) CO: United Medicorp, Inc. ST: Texas IN: SU: ERN


AH -- NY076 -- 1473 05/18/92 16:02 EDT
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Publication:PR Newswire
Date:May 18, 1992
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