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ADVANCE CIRCUITS INC. ANNOUNCES RECORD SALES FOR THE FIRST SIX MONTHS OF FISCAL 1993

 MINNETONKA, Minn., March 9 /PRNewswire/ -- Advance Circuits, Inc. (NASDAQ: ADVC), a Minnetonka-based manufacturer of printed circuits, today announced a net income of $1,888,000 or $.28 per share for its second quarter ended Feb. 27, 1993. Sales for the quarter were $25,845,000, an increase of 14 percent compared to sales of $22,645,000 for the second quarter in fiscal 1992 which produced net income of $735,000 or $.11 per common share.
 For the six months ended Feb. 27, 1993, sales totalled $51,501,000 resulting in net income of $3,592,000 or $.54 per common share. This represents a 16 percent increase from sales of $44,249,000 for the comparable period in fiscal 1992 which produced net income of $1,627,000 or $.24 per common share.
 Robert W. Heller, president, indicated that the strong showing, in a normally difficult quarter, resulted from the company's continual operational improvement efforts. The improvement efforts have enabled the company to adapt to rapidly changing customer needs which are driven by increasingly complex technology. He indicated that during the quarter industry conditions were strong, pricing stable and order rates steady. He expects that the second half of the fiscal year will remain strong.
 The company's common stock trades on the NASDAQ Stock Market under the symbol ADVC.
 ADVANCE CIRCUITS, INC.
 CONDENSED STATEMENT OF INCOME
 (In thousands, except per share data)
 (Unaudited)
 Three Months Ended Six Months Ended
 2/27/93 2/29/92 2/27/93 2/29/92
 Net sales $25,845 $22,645 $51,501 $44,249
 Cost of sales 21,330 20,306 42,828 39,275
 Gross profit 4,515 2,339 8,673 4,974
 Operating expense 1,518 1,172 2,971 2,392
 Income before income tax 2,997 1,167 5,702 2,582
 Income tax 1,109 432 2,110 955
 Net income $1,888 $735 $3,592 $1,627
 Average number of common
 shares and equivalents
 outstanding 6,694 6,642 6,677 6,652
 Net income per share $.28 $.11 $.54 $.24
 SUMMARY BALANCE SHEET
 (Unaudited)
 2/27/93 8/29/92
 Current assets $24,376 $22,376
 Other assets 21,009 19,363
 Total $45,385 $41,739
 Current liabilities $10,764 $10,745
 Other liabilities 869 964
 Net worth 33,752 30,030
 Total $45,385 $41,739
 -0- 3/9/93
 /CONTACT: Robert W. Heller, president of Advance Circuits, 612-935-3311/
 (ADVC)


CO: Advance Circuits, Inc. ST: Minnesota IN: CPR SU: ERN

KH -- MN004 -- 4437 03/09/93 10:16 EST
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Date:Mar 9, 1993
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