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

To: Englishbob who wrote (1061)	5/17/1999 3:16:00 PM
From: Englishbob	Read Replies (2) \| Respond to of 1126

Recent news release: Medical Resorts International Inc. Revenue and Profits Continue to Increase EDMONTON, May 17 /CNW/ - Medical Resorts International Inc. is pleased to announce that its financial results for the nine months ending March 31, 1999. Revenue and profits continue to grow each quarter. The Company is increasing its customer basis. << 1999 1998 ---- ---- Operating Revenue 702,174 692,199 Operating Expenses Selling & Admin 297,669 518,637 Amortization 144,420 163,658 ------- ------- 442,089 682,295 Operating Profit (Loss) Before Non-Cash Items 404,505 173,562 Operating Profit (Loss) After Non-Cash Items 260,085 9,904 Gain From Sale Of Asset ---- 215,000 Gain From Discontinued Operation ---- 243,137 ------- ------- Net Income (Loss) 260,085 468,041 Earning Per Share $0.01 $0.014 >> It should be noted that the operating profit from Medical Resorts International Inc. has gone from $9,904 last year to $260,085 this year. This increase represents an increasing customer base and strong industry growth. ''The Company had projected that it would complete 3,250 medical procedures in the first (9) nine months. The Company has actually completed 3,962 medical procedures in the first nine months. This is 22% higher than projected. The Companies current active patient base continues to increase from 2,800 at June 30, 1998 to 4,110 at March 31, 1999. As well as treating the dialysis traveler, the Company is treating (3) three Anguillans as long term chronic care dialysis patients. The Company has begun marketing its HIV test Kits and is receiving an excellent response from the market place. Given the tremendous growth in the specific area that the Company is involved in related to the healthcare industry and combined with the increasing revenue and customer base the Company considers its prospects to be excellent. The issued and outstanding shares in the Company is 32,928,592 Medical Resorts International Inc. trades on the Canadian Dealing Network (CDN) Toronto under the symbol ''MDRE'' and in the United States on the NQB Pink Sheets under the symbol ''MRINF''. -30- For further information: Robert Talbot, Medical Resorts International Inc., (780) 430-6363