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BASE TEN SYSTEMS ANNOUNCES INCREASED PROFITABILITY AND FURTHER DEBT REDUCTION IN LATEST THIRD QUARTER AND NINE MONTHS

 BASE TEN SYSTEMS ANNOUNCES INCREASED PROFITABILITY AND
 FURTHER DEBT REDUCTION IN LATEST THIRD QUARTER AND NINE MONTHS
 TRENTON, N.J., Sept. 16 /PRNewswire/ -- Edward J. Klinsport, senior vice president and chief financial officer of Base Ten Systems, Inc. (NASDAQ-NMS: BASEA), today announced results for Base Ten's third quarter and nine months ended July 31, 1992.
 For the third quarter ended July 31, 1992, revenues were $3,473,000 and net earnings were $220,000, or $.06 per share. This compares to revenues of $5,724,000 and net loss of $764,000, or $.22 loss per share, for the prior year's third quarter.
 "Since resizing the company in fiscal 1991 and continuing our debt reduction efforts, Base Ten has demonstrated three consecutive quarters of profitability," according to Klinsport. "Outstanding debt under the company's revolving line of credit has been reduced from $2 million at the beginning of the fiscal year to a current balance of $850,000."
 For the nine months ended July 31, 1992, revenues were $14,119,000 and net earnings increased to $504,000, or $.14 per share. These results compare to revenues of $20,830,000 and a net loss of $5,689,000 or $1.62 loss per share, for the previous comparable nine months.
 Base Ten Systems, Inc. is a diversified technology company engaged in design and manufacturing weapons control systems, medical software, portable memory engines, and secure communications.
 /delval/
 -0- 9/16/92
 /CONTACT: Edward J. Klinsport of Base Ten Systems, 609-586-7010, or Richard Cooper of Strategic Growth International, 212-826-9622/
 (BASE) CO: Base Ten Systems, Inc. ST: New Jersey IN: SU: ERN


JS -- PH006 -- 9989 09/16/92 09:20 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
Words:278
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