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Biotech / Medical : A Luxury Resort for the ill -- Medical Resorts Intl.TRAC -- Ignore unavailable to you. Want to Upgrade?

To: TOPCAT1 who wrote (870)	11/13/1998 10:28:00 AM
From: Mark Shantz	Respond to of 1126

Good Morning All: Year end results are out and looking great!! Medical Resorts International Inc. EDMONTON, Nov. 13 /CNW/ - Medical Resorts International Inc. is pleased to announce its financial results for the year ending June 30, 1998. Revenue from operations increased from $207,747 last year to $878,951 this year. Total Revenue when considering extra ordinary gains increased to $1,279,453 this year versus $207,747 last year. Operational profit before non-cash items was $386,415 versus a loss of $2,547,592 last year. Net Profit for the year was $546,408 (1.8 cents per share) versus a loss of $3,450,914 last year. It is expected that the positive results obtained this year will continue through the new fiscal year. 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''. -0- 11/13/1998 For further information: Robert Talbot, (403) 430-6363