Exhibit 99.1


Contact:
Daniel C. Dunn
 
Chief Financial Officer
 
314/771-2400

Recession-Driven Cuts by Hospitals, Municipalities
Lead to 2009 Loss for Allied Healthcare Products

ST. LOUIS, September 25, 2009 – Allied Healthcare Products, Inc., (NASDAQ: AHPI) reported that recession-driven budget cuts in its healthcare markets led to a $4.3 million, or 7.6 percent, decrease in sales for 2009 and a net loss for the fiscal year of $2.12 per share, compared to a profit of 11 cents per share in fiscal year 2008.  This includes the effect of a non-cash accounting charge of $16.0 million relating to the impairment of goodwill in the fourth quarter ended June 30, 2009.
 
The impairment was identified during the company’s annual evaluation of the carrying value of goodwill and reflects the decline of the Allied stock price during the past year and a general downturn in orders, operating profits and cash flows as a result of the current recession.   This non-cash charge does not affect operations or cash flow.  After this impairment charge, Allied will no longer have a goodwill balance and will not record any additional goodwill impairment.
 
For the quarter ended June 30, 2009, Allied reported a net loss of $16.1 million, or $2.04 per diluted share, on sales of $12.7 million, compared to net income of $0.7 million, or 8 cents per diluted share, for the prior year period.  Results for the fourth quarter of 2009 include the $16.0 million charge for impairment of goodwill.
 

The following information was filed by Allied Healthcare Products Inc (AHPI) on Friday, September 25, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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