Barringer Laboratories announces third quarter 1994 results.

GOLDEN, Colo.--(BUSINESS WIRE)--November 4, 1994--Barringer Laboratories Inc. (NASDAQ:BALB, BALBW) announced today its results for the third quarter ended Sept. 30, 1994.

Sales for the third quarter were $1,560,000 compared to $1,570,000 for the corresponding quarter last year, resulting in a decrease of $10,000 (.6%). For the third quarter, 1994, the company had income of $43,000 as compared to income of $115,000 for the corresponding quarter last year.

For the nine months ended Sept. 30, 1994 sales were $4,390,000 compared to $4,114,000 for the corresponding period in 1993, resulting in an increase of $276,000 (6.7%). Net income in the first nine months of 1994 was $3,000 as compared to a net income of $33,000 for the first nine months of 1993.

In commenting on the results, Walker, Barringer Laboratories Inc.'s CEO said, "We have seen an increase in market demand in the Environmental Laboratory in the third quarter. This has resulted in a significant improvement on Barringer Laboratories, Inc.'s results over second quarter 1994 results. Customer sample shipments to the Environmental Laboratories remains strong and it appears that the fourth quarter 1994 will bring about a continued improvement in our bottom line."

Walker stated that he still believes income for 1994 will improve over 1993 income.

BARRINGER LABORATORIES INC. provides environmental analytical services for waste management, hydrocarbon, nuclear, and mining industries and assay/geochemical testing services for the mining industries.

The following comparative table depicts the results for the third quarter and for the nine months ended Sept. 30, 1994 and 1993. -0-

                    BARRINGER LABORATORIES INC.
                  CONDENSED RESULTS OF OPERATIONS
                          (unaudited)

                        Three Months Ended    Nine Months Ended
                             Sept. 30,           Sept. 30,
                         1994       1993       1994        1993

Net sales           $1,560,000  $1,570,000  $4,390,000  $4,114,000

Net income          $   43,000  $  115,000  $    3,000  $   33,000

Per share data:     $      .02  $      .05  $       --  $      .01

Weighted average
 common shares
  outstanding       2,198,919    2,294,284   2,225,990    2,287,184

CONTACT: Barringer Laboratories Inc., Golden

              Robert Walker, 303/277-1687
              Charles Ramsay, 303/277-1687