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CorVel Announces Revenues and Earnings
Date:8/4/2009

s relating to compliance with new Medicare legislation and electronic processing regulations. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company's actual results to differ materially and adversely from those expressed in any forward-looking statement.

The risks and uncertainties referred to above include, but are not limited to, factors described in this press release and the Company's filings with the Securities and Exchange Commission, including "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended March 31, 2009. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

    CorVel Corporation
    Quarterly Results - Income Statement (Unaudited)
    First Quarter Ended June 30, 2008 and 2009

                                        Quarter Ended    Quarter Ended
                                        June 30, 2008    June 30, 2009
                                        --------------  --------------
    Revenues                               $78,201,000     $81,312,000
    Cost of revenues                        58,268,000      60,170,000
                                            ----------      ----------
    Gross profit                            19,933,000      21,142,000
                                            ----------      ----------
                                                  25.5%           26.0%

    General and administrative              10,807,000      10,450,000
                                            ----------      ----------
    Income from operations                   9,126,000      10,692,000
                                             ---------      ----------
                                     
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