Decision Diagnostics Corp (DECN)

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Press Release Source: InstaCare Corp.


InstaCare Corp. in Turnaround Reports 258% Revenues Increase in 1Q 2008
Wednesday May 21, 12:41 pm ET
ISCR also Reports 1st quarter profit, enhanced operations and new agreements


LOS ANGELES, May 21 /PRNewswire-FirstCall/ -- InstaCare Corp., (OTC Bulletin Board: ISCR - News), a leading distributor of at-home testing diagnostics for the chronically ill, life-saving prescription drugs and a developer of patent-pending technologies for e-health and EMR applications, reported financial results for the first quarter period-ended March 31, 2008. Recent highlights include:

-- Revenue grew by 258% in 1Q 2008 vs. 1Q 2007 as sales and orders for
at-home diagnostics and medical surgical products surged
-- ISCR reports 1Q 2008 operating profit of $146,522 and enhanced
operating margins vs. 2007
-- Letters of commitment executed with two major medical surgical products
companies
-- Company announces agreements with two additional pharmacies for market
growth


For the first quarter of 2008, InstaCare reported revenues of $2,797,382, a gain of 258% from $1,083,282 recorded during the first quarter of 2007. The increase in revenues was due primarily to sales from the distribution of medical diagnostic and medical disposable products for patients with chronic diseases. Total expenses for the quarter ended March 31, 2008 were $300,977, a decrease of $149,355 over the quarter ended March 31, 2007. The Company reported an operating profit of $146,522 during the first quarter of 2008 compared with an operating loss of $255,682 recorded during the first quarter 2007. The Company incurred a net profit of $41,730, or nil per basic and diluted share for the quarter ended March 31, 2008, compared with a net loss of $403,203 or ($0.04) per basic and diluted share reported for the quarter ended March 31, 2007. InstaCare had cash, accounts, inventory and equivalents of $994,436 as of March 31, 2008.

Keith Berman, chief financial officer of InstaCare, commented, "This has been an exceptional quarter for InstaCare as our businesses grew profitable, on surging sales. We successfully remade our medical diagnostics and medical disposable products distribution businesses and generated almost three million dollars in sales during the first quarter which underscores the health of our business even in a slowing national economy. Now that our cost structure is in place, additional sales will be accompanied by only small incremental expenses and if current trends continue we expect further positive developments this year."

Forward Looking Statements:

This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this release, words such as "believes," "expects," "forecasts," "intends," "projects," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions.



For further information, visit the company's Web Site:
http://www.instacare.net.