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BIOSAFETY SYSTEMS INC. REPORTS FISCAL YEAR SALES UP 35.5 PERCENT

 SAN DIEGO, Aug. 10 /PRNewswire/ -- BioSafety Systems Inc. (AMEX: BSS) reported sales of $15,030,100 for the fiscal year ended June 30, 1993, an increase of 35.5 percent over sales of $11,094,800 the previous year. The company attributes the sales growth to continued product line extension and the increasing regulatory requirements for health care workers.
 Net income for the year of $1,087,800, or 33 cents per share, represents an increase of 13.5 percent from the $958,000 in net income, or 32 cents per share, achieved in the preceding year.
 Earlier this month, BioSafety Systems announced plans to relocate by Nov. 1 to a 67,400-square-foot building on 4.64 acres in San Diego's Scripps Ranch Business Park. The property was acquired for $2,309,000. The facility is about 75 percent larger than the current leased premises and should result in lower annual operating costs.
 BioSafety Systems Inc. markets, distributes and manufactures products to reduce risks for health care workers who administer chemotherapy drugs, deal with infected blood, face airborne contaminants or have exposure to hazardous chemicals. The San Diego company was founded in 1982, and completed an initial public offering in February 1993.
 BIOSAFETY SYSTEMS INC.
 Statement of Operations
 Year Ended June 30,
 1993 1992
 Sales $15,030,100 $11,094,800
 Net income 1,087,800 958,000
 Earnings per share $.33 $.32
 Weighted average
 common shares 3,262,000 3,003,000
 -0- 8/10/93
 /CONTACT: Henry D. Kraus of BioSafety Systems, 619-452-3500/
 (BSS)


CO: BioSafety Systems Inc. ST: California IN: MTC SU: ERN

BP-JL -- SD002 -- 0971 08/10/93 04:00 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
Words:275
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