UMCI.02?Profitable should be looked at IMO.DD below.
1)Shares outstanding 29.2 million, and float 24.8 million.
2)The Company has now
reported net income for eleven consecutive quarters since the move to Pampa in
September of 2000.
3)Revenues up.
4)Book value .013.
5)No S8s
6)Zero dilution for last 3 years.
7)Fast mover with some volume.Could scream the blues, on several hundred thousand trades.
(COMTEX) B: United Medicorp, Inc. Announces Second Quarter Results
B: United Medicorp, Inc. Announces Second Quarter Results
DALLAS, Aug 20, 2003 (BUSINESS WIRE) -- United Medicorp, Inc. (OTCBB:UMCI)
announced today its results for the second quarter of 2003, as certified by
Peter W. Seaman, Chairman and CEO, and Nathan E. Bailey, Vice President and
Controller.
Revenue for the second quarter ended June 30, 2003 was $867,403, an increase of
4 percent from $837,002 in the prior year quarter. Net income for the second
quarter was $38,870 compared to net income of $27,521 in the prior year quarter.
Net income per share for the second quarter was $0.0013, compared to net income
per share of $0.0009 in the prior year quarter.
Revenue for the six months ended June 30, 2003 was $1,753,642, an increase of 7
percent from $1,637,459 for the corresponding six-month period a year ago. Net
income for the current six-month period was $124,359 compared to net income of
$138,284 for the corresponding six-month period a year ago. Net income per share
for the current six-month period was $0.0043, compared to per share net income
of $0.0047 in the prior year six-month period.
Pete Seaman, CEO, stated, "UMC's operating results for the first six months of
2003 include significant expense investments in sales and marketing, and capital
investments in new services that are being introduced by UMC's Coding Services
Division. Management believes these investments are essential to produce
continued growth in revenues and net income."
Nathan Bailey, Vice President and Controller added, "The Company has now
reported net income for eleven consecutive quarters since the move to Pampa in
September of 2000. Net income for the second quarter of 2003 was impacted by
$10,851 in legal fees, and $11,560 in duplicate premiums for health insurance as
a result of litigation with UMC's former health insurance carrier. Absent this
litigation, UMC's net income for the current three and six month periods would
have been $61,281 and $146,770, representing increases of 123% and 6%
respectively compared to the prior year periods."
United Medicorp, Inc. provides extended business office services to healthcare
providers nationwide.
SOURCE: United Medicorp, Inc.
CONTACT: United Medicorp, Inc.
Pete Seaman, 806-661-4209
Nathan Bailey, 806-661-4210
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