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InstaCare Corp. in Turnaround Reports 258% Revenues Increase in 1Q 2008
Date:5/21/2008

ISCR also Reports 1st quarter profit, enhanced operations and new

agreements

LOS ANGELES, May 21 /PRNewswire-FirstCall/ -- InstaCare Corp., (OTC Bulletin Board: ISCR), 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 b
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SOURCE InstaCare Corp.
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