MTEN - expected 1000% revenue increase in 97 Message Board

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Biotech / Medical : MTEN - expected 1000% revenue increase in 97

MTEN 2.220

-18.4%

Nov 6 3:59 PM EST

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To: Syd Deem who wrote (12)	12/3/1996 2:23:00 PM
From: Syd Deem	of 279

LANCASTER, Pa. -- Medical Technology & Innovations Inc. (MTEN) reported October revenues of $315,000 for its Steridyne division, up 25% from Steridyne's revenues a year ago. Medical Technology acquired Steridyne in August. As reported Aug. 7, Medical Technology said it expected revenues for the fiscal year ending June 30, 1997, to increase to between $11.6 million and $12.3 million, from $696,000 in the latest fiscal year, as a result of the acquisition. A Medical Technology spokesman said Steridyne made up 72% of the company's October revenues, a percentage that the company expects to decrease in future months.

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