Mr. Osvaldo (Ozzie) Iadarola reports,

KAMLOOPS, B.C. - Audiotech Healthcare Corporation (AUD:TSX Venture Exchange) is pleased to announce that it has achieved record revenues of $1,010,608 for the first quarter of fiscal 2005 (3 months ended December 31, 2004). This represents an increase of 30.1% over the revenues achieved during the first quarter of the previous fiscal year. It also marks the second highest quarterly revenue total in the company's history, and its strongest first quarter ever. It should be noted that the first quarter of each fiscal year is typically the corporation's weakest from a revenue perspective due to the significant interruption that the holiday season has on the hearing aid sales and fitting cycle.

Revenues in Canada surged 46.5% to $648,545 for the 3 months ended December 31, 2004. This growth is attributed to the recent hiring of additional audiologists, the opening of the Vernon, B.C., clinic in fiscal 2004, and the continued success of the company's new marketing programs.

Revenues at the company's U.S. clinics also increased, rising 8.3% to $362,063 despite further weakness in the U.S. dollar during the quarter. The recent expansion of audiology services offered by the U.S. clinics contributed to this growth. The upcoming opening of the new hearing & balance center in Idaho Falls, Idaho, this spring is expected to contribute significant additional growth. The construction of this state-of-the-art facility remains significantly ahead of schedule and on budget.

The company is presently compiling its full financial statements for the quarter, which are expected to be released before the end of February 2005.

The company's shares are listed and posted for trading on Tier 1 of the TSX Venture exchange under the symbol "AUD." For more information on the company, contact Osvaldo (Ozzie) Iadarola, President & CEO, at (250) 372-5847, or Doren Quniton of QIS Capital, investor relations, at (250) 376-8989, or visit the company's website at www.audiotech.org.

AUDIOTECH HEALTHCARE CORPORATION
First Bank Building
760-175 Second Avenue
Kamloops, B.C. V2C 5W1
Phone: (250) 372-5847
Fax: (250) 372-3859
Email: info@audiotech.org

Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.