Medical Resorts International Inc.
MDRE CDN
November 18, 1998
First Quarter Financial Results For The Period Ending September 30, 1998
EDMONTON, Nov. 18 /CNW/ - Medical Resorts International Inc. is pleased to announce its first quarter financial results for the period ending September 30, 1998.
Revenue increased by 25% from $181,513 last year to $226,909 this year. Operating revenue increased by 112% from $63,133 last year to $133,734 this year. Net profit increased by 950% from $8,082 last year to $83,274 this year.
These results were obtained despite the fact that Hurricane Georges passed over the island and disrupted services for a period of time.
The issued and outstanding shares in the Company is 30,928,592.
Medical Resorts International Inc. trades on the Canadian Dealing Network (CDN) Toronto under the Symbol ''MDRE'' in the United States on the NQB Pink Sheets under the symbol ''MRINF''.
For further information: Robert Talbot, Medical Resorts International Inc., (403) 430-6363
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