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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX) -- Ignore unavailable to you. Want to Upgrade?

To: REH who wrote (2627)	4/12/1999 4:45:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 2911

Hoo ha! I wish I knew how good. :) Are we going to have a $20 stock? --Linda

To: REH who wrote (2627)	4/12/1999 6:37:00 PM
From: REH	Read Replies (1) \| Respond to of 2911

Medix Resources, Inc. Reports 1998 Fourth Quarter and Year-End Results PR Newswire, Monday, April 12, 1999 at 18:32 DENVER, April 12 /PRNewswire/ -- Medix Resources, Inc. (BB: MDIX) today announced financial results for the fourth quarter and year ended December 28, 1998. Revenues for the fourth quarter 1998 decreased 43% to $2,897,000, compared with $5,113,000 for the three months ended December 28, 1997. The Company reported a 1998 fourth quarter loss of $3,309,000 and a net loss applicable to common shareholders of $.15, compared with a net loss of $469,000 and a net loss applicable to common stockholders of $.07 for the 1997 fourth quarter. The 1998 fourth quarter loss included impairment of goodwill of $2,040,000. For the year ended December 28, 1998, revenues decreased 30% to 17,412,000, compared with 24,875,000 for the year ended December 28, 1997. The Company reported fiscal year 1998 net loss of $5,422,000 and a net loss applicable to stockholders of $.26 per share, compared with a net loss of $515,000 and a net loss applicable to common stockholders of $.15 per share for fiscal year 1997. The decrease in revenue is primarily a result of the 1997 sale of the Company's Paxxon office and Homecare division, and the 1998 sale of the Company's Stat and Ellis offices in New York. Also the Company experienced decreased revenues from its TherAmerica offices. Denver based Medix Resources, Inc., through its wholly owned subsidiary Cymedix Lynx corporation of Thousand Oaks, California, offers several fully secure patent-pending Internet medical communications products, using an Internet commerce business model. The Company's Core business also provides skilled nursing, therapy, rehabilitation and other medical personnel for flexible staffing in home care and in a broad spectrum of healthcare and educational facilities. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: the Statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections and/or future performance of the Company, the occurrence of which involve certain risks and uncertainties detailed in the Company's Form 10K-SB for 1998 and Form 10-QSB for its third quarter of 1998 that were filed with the Securities and Exchange commission on April 12, 1999 and November 12, 1998. Such information is available from the SEC or from the Company.