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spine Pain Management, Inc. Reports 2011 Financial Results and Furnishes
Corporate Updates
--Net Revenue up 53% for 2011, Net Income up 20% --Shareholder
Conference Call: Spine Pain Management, Inc. will host an Investors Conference
Call Monday, April 2 at 11:00 AM EDT


HOUSTON, March 30, 2012 /PRNewswire via COMTEX/ -- Spine Pain Management, Inc.
(OTC Bulletin Board: SPIN), through its Chief Executive Officer, William F.
Donovan, M.D., is pleased to report financial results for the year ended
December 31, 2011. This year's report covers the second full year of operations
in which results were totally derived from SPIN's business model put into
operation in August 2009. During the twelve month period ended December 31,
2011, the company's operations focused on continued development of its spine
injury diagnostic business in the Houston and McAllen area as well as expanding
into the Florida market with four new Centers in Tampa, Orlando, Jacksonville
and Sarasota by year end.

2011 Full Year ResultsFor 2011, net revenue was $5,212,165, an increase of 53%
over 2010 net revenue of $3,389,581. Net income was $1,315,004 or $.08 per
share, up 20% over 2010 net income of $1,101,550 or $.06 per share. While the
company's year over year net revenue increased by 53% for 2011, the increase in
net income was less pronounced. Net income for 2011 was significantly affected
by certain expenses, including approximately $227,000 in temporary factoring
expense (the company is no longer factoring) and $393,000 in legal expenses
attributable to the defense of lawsuits brought against the company before the
implementation of the current business model. Had these charges not been
incurred, net income would have been approximately $1,935,000 or $.11 per share
for 2011, an increase of 76% over the prior year.

Q4 2011 ResultsFor Q4 2011 net revenue was up 60% to $1,349,162 from $843,841 in
2010. Net income for Q4 2011 showed a small loss of $13,163 or $.00 per share
vs. net income of $208,304 or $.01 a share in Q4 2010. The expenses described
above in "2011 Full Year Results" were recognized primarily in Q4 2011, which is
a seasonally slow period. This negatively affected net income in spite of a
significant increase in net revenue for the quarter. Adding back charges of
approximately $180,000 in temporary factoring expense and $78,000 in legal
expenses relating to the lawsuits described above would result in net income of
$244,837 or $.01 per share, an increase of 18% over Q4 2010.

2011 Gross ProfitThe company recorded $5,212,165 in net revenues with $2,120,800
in costs of services and gross profit of $3,091,365 for the year ended December
31, 2011. For the same period in 2010, the company recorded $3,389,581 in net
revenues with $1,425,399 in costs of services and gross profit of $1,964,182.
Accordingly, 2011 gross profit increased 57% over 2010.

The company recognizes revenue by reference to "net revenue," which is gross
amounts billed using CPT (Current Procedural Terminology) codes less account
discounts that are expected to result when individual cases are ultimately
settled. Accordingly, the company had gross revenues of $10,594,259 for the year
ended December 31, 2011, versus gross revenues of $6,528,194 for the year ended
December 31, 2010. (The full SEC Filing can be accessed
at:http://www.sec.gov/edgar/searchedgar/companysearch.html (Type in "Spine Pain
Management")

Corporate UpdatesOn February 17, 2012, Northshore Orthopedics, Assoc., an
independent service provider to SPIN and its largest creditor, elected to
exchange $1,020,200 of debt to the company into common shares at a price of
$1.83 per share. Northshore Orthopedics is owned by the company's CEO, William
Donovan, M.D.

Discussions are active and ongoing with potential investors in the previously
disclosed exploration of secured debt placement to enable further expansion of
case volumes. At this point, availability of such growth capital appears ample
but terms that generate clear shareholder value and avoid dilution are taking
time to achieve. As the company has said before, there can be no assurance any
financing will be completed.

Spine Pain Management will present and meet with investors on April 10, 2012 in
New York City at the 23rd annual Analyst Conference run by The Wall Street
Forum. This is one of the largest non-brokerage firm-sponsored investor
conferences, and is for institutional investors. As such, it broadens the
company's investor relations outreach. In addition, Spine Pain is finalizing
plans to participate in another major institutional investor conference in the
Northeast around the middle of the year.

Management Commentary on Results and Guidance"Q411 gross revenues were on plan,
and it was an accomplishment to come in about even with Q311 gross revenues
despite the typical seasonality impact whereby the holidays slow SPIN's
activities," said Dr. William Donovan, CEO. "We achieved significant growth in
revenues for both Q4 and the year, vs. the same periods a year ago. We believe
the legal and other expenses that affected net income are behind us. We are
optimistic for 2012 and beyond, and anticipate we will achieve earnings in line
with previous guidance of $0.30-35 excluding a potential new financing which we
believe would be accretive. At this juncture to be prudent, we are planning for
the low end of the guidance range, with earnings weighted toward the second half
of the year." Dr. Donovan added, "I would like to extend a personal invitation
to all shareholders to join me and the rest of management on Monday's conference
call, where more detail on the results will be addressed."

Investor Conference CallFourth Quarter/Year End investor conference call will be
held on Monday, April 2 at 11:00 AM Eastern Time. In a new practice for the
company, there will be direct telephone access with interactive Q&A time
available after management's prepared remarks. By that morning, slides to be
referenced in the conference call will be available for view under the investor
tab of the corporate website, spinepaininc.com.

Participants may dial [phone] and reference Conference ID 4528254. A
replay will be available for 90 days at [phone], or for international
callers [phone]; the pin # is 4528254. Alternatively, investors may
access a live webcast or archive at: http://viavid.net/dce.aspx?sid=00009577

About Spine Pain Management:We are a medical marketing, management, billing and
collection company facilitating diagnostic services for patients who have
sustained spine injuries resulting from traumatic accidents. We deliver turnkey
solutions to spine surgeons, orthopedic surgeons and other healthcare providers
that provide necessary and appropriate treatment of musculo-skeletal spine
injuries resulting from automobile and work-related accidents. Our care
management services help reduce the financial burden on healthcare providers
that provide patients with early-stage diagnostic testing and non-invasive
surgical care, preventing many patients from being unnecessarily delayed or
inhibited from obtaining needed treatment. We believe that our patient advocacy
will be rewarding to patients who obtain needed relief from painful conditions.

Additional information about the company, along with a video can be found at its
website at spinepaininc.com.

Forward-Looking Statements: This press release includes forward-looking
statements as determined by the U.S. Securities and Exchange Commission (the
"SEC"). All statements, other than statements of historical facts, included in
this press release that address activities, events, or developments that the
company believes or anticipates will or may occur in the future are
forward-looking statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include general economic and
business conditions, the ability to acquire and develop specific projects, the
ability to fund operations, healthcare services demands, changes in healthcare
practices, government regulation, and other factors over which the company has
little or no control. The company does not intend (and is not obligated) to
update publicly any forward-looking statements. The contents of this press
release should be considered in conjunction with the warnings and cautionary
statements contained in the company's recent filings with the SEC.

For Further Information Contact: Gary M. GiblenDirector of Strategic
Development, Finance & [e-mail] [phone]

SOURCE Spine Pain Management, Inc.



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