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MQ Associates, Inc. Announces Results for the Third Quarter and Nine Months Ended September 30, 2007
Date:11/7/2007

's compliance with, and its ability to incur further indebtedness under, its senior credit facility.

A reconciliation from net loss to Adjusted EBITDA, as defined by MedQuest, is shown below (in thousands):

Third Quarter Ended Nine Months Ended

Sept. 30, Sept. 30,

2007 2006 2007 2006

Net loss $(10,431) $(2,250) $(30,591) $(15,255)

Interest expense, net 11,231 10,558 33,163 31,346

Provision for income

taxes 343 530 1,119 1,479

Depreciation and

amortization 6,791 8,336 21,826 25,485

EBITDA 7,934 17,174 25,517 43,055

Non-cash expenses(1) 76 249 345 1,994

Audit Committee

review and other

charges(2) -- 75 -- 224

Adjusted EBITDA $8,010 $17,498 $25,862 $45,273

(1) MedQuest incurred a non-cash loss of approximately $0.1 million

related to the disposal of assets for the third quarter 2007 as

compared to $0.2 million loss on disposal of assets for the third

quarter 2006. MedQuest incurred a non-cash loss of approximately

$0.3 million related to the disposal of assets for the nine months

ended September 30, 2007, as compared to $1.7 million loss on disposal

of assets in the nine months ended September 30, 2006, the majority of

which were driven by closed centers. MedQuest incurred approximately

$0.0 million of non-cash expenses for the third quarter of 2007 and

2006. MedQuest also incurred approximately $0.0 million and

$0.2 million of non-cash expenses in the nine months ended

September 30, 2007
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SOURCE MQ Associates, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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