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Spine Pain Management, Inc. Reports Strong Performance in 2010 Financial Results and Sets Shareholder Conference Call.
Date:4/8/2011

d party of $1,143,699 and $349,400 duringthe years ended December 31, 2010 and 2009, Respectively1,425,399349,400Gross profit1,964,182191,105Operating, general and administrative expenses863,3991,057,002Income (loss) from operations1,100,783(865,897)Other income and (expenses):Other income9,346376,709Interest expense(8,579)(641)Asset impairment loss-(230,697)Other income767145,371Net income (loss)$

1,101,550$

(720,526)Net income (loss) per common shareBasic and fully-diluted$

0.06$

(0.05)Weighted average number of common shares outstanding:Basic and fully-diluted17,128,69015,849,463SPINE PAIN MANAGEMENT, INC.   BALANCE SHEETS December 31, 2010 and 2009 ASSETS 20102009 Current assets: Cash  $

177,203$

32,789 Accounts receivable, net  1,254,618205,824 Related party receivable 23,597- Prepaid expenses 151,333- Total current assets 1,606,751238,613 Accounts receivable, net  1,721,520302,675 Total assets $

3,328,271$

541,288 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued liabilities $

367,497$

475,138 Notes payable -11,317 Due to former officers and directors -56,016 Due to related parties 1,051,199269,295 Total current liabilities 1,418,696811,766 Debentures payable 136,586- Total liabilities 1,555,282811,766 Commitments and contingencies Stockholders' equity (deficit) Common stock: $0.001 par value, 50,000,000 shares   authorized; 17,403,396 and 16,867,682 shares issued and outstanding at December 31, 2010 and   2009, respectively 17,40316,868 Additional paid-in capital 15,658,73414,717,352 Accumulated deficit   (13,903,148)(15,004,698) Total stockholders' equity (deficit) 1,772,989(270,478) Total liabilities and stockholders' equity (deficit) $

3,328,271$

541,288For the complete financial statements and accompanying notes, see the company's Annual Report on Form 10-K for the year ended December
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SOURCE Spine Pain Management, Inc.
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