Blonder Tongue Laboratories Inc. announces financial results for the third quarter ended Sept. 30, 1996.

OLD BRIDGE, N.J.--(BUSINESS WIRE)--Nov. 14, 1996--Blonder Tongue Laboratories Inc. (AMEX: BDR), a manufacturer of electronics and systems equipment for the franchised and private cable television industries, today reported its third quarter results.

Third quarter 1996 net sales were $13,154,000, a 16% increase over the $11,328,000 reported in the third quarter of 1995.

Net earnings and net earnings per share for the third quarter of 1996 were $1,253,000 and 15 cents respectively, an increase of 127% and 66% over the $551,000 pro forma net earnings and 9 cents pro forma net earnings per share achieved for the third quarter of 1995. For the third quarter of 1995, net earnings are presented on a pro forma basis as if the company were taxable as a C Corporation. The company was operated as an S Corporation until Dec. 11, 1995.

Net sales for the nine month period ended Sept. 30, 1996 were $36,419,000, a 6% decrease from the $38,586,000 reported for the first nine months of 1995. Net earnings and net earnings per share for the nine month period ended Sept. 30, 1996 were $2,650,000 and 32 cents respectively, a decrease of 12% and 36% respectively from the $3,009,000 pro forma net earnings and 50 cents pro forma net earnings per share reported for the nine month period ended Sept. 30, 1995.

Commenting on the announcement, James A. Luksch, chairman of the board, president and chief executive officer said, "The improvement in our third quarter profits, compared to last year, are a by-product of a concerted effort to control our expenses, aggressively pursue our research and development efforts and work on material cost reduction, coupled with the upturn in market demand and milestone payments received under our contract with Pacific Bell. While the level of private cable equipment purchases in the MDU market thus far in 1996 has fallen short of our expectations, we are beginning to see this pent-up demand break free. Our relationships with our large MDU customers are strong and we remain optimistic about opportunities for both head-end and interdiction sales. We also have been pleased with the robust performance of our lodging segment to date. The dynamics of the private cable market continue to present challenges and opportunities. We believe that we remain positioned to meet such challenges and capitalize on such opportunities.

Blonder Tongue's products are used in the acquisition, conversion, distribution and protection of television signals. Its customers typically provide television services to apartments and condominiums, hotels, motels, schools, hospitals and prisons.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes "forward-looking" statements and accordingly, the cautionary statements contained in the Blonder Tongue's Quarterly Report on Form 10-Q for the period ended Sept. 30, 1996 (See Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations) are incorporated herein by reference. Blonder Tongue's actual results may differ materially from the anticipated results or other expectations expressed in Blonder Tongue's forward-looking statements. -0-

             Consolidated Highlights of Operating Results
             (In 000, except per share data, unaudited)

                    3rd Quarter        3rd Quarter
                       1996                1995

Net sales             $ 13,154          $ 11,328
Gross profit             5,020             3,953
Earnings from operations 2,251             1,275
Net earnings(a)          1,253               551
Earnings per share(a)     0.15              0.09
Weighted average shares
 outstanding             8,308             5,967
(a) Pro forma presented for third quarter of 1995.

                    Nine Months Ended Sept. 30,
                       1996                1995

Net sales             $ 36,419          $ 38,586
Gross profit            13,517            14,355
Earnings from operations 4,942             5,894
Net earnings(b)          2,650             3,009
Earnings per share(b)     0.32              0.50
Weighted average shares
 outstanding             8,298             5,967
(b) Pro forma presented for nine months ended Sept. 30, 1995.

                    Consolidated Summary Balance Sheets
                           (In 000, unaudited)

                       Sept. 30,           Dec. 31,
                          1996               1995

Current assets          $ 27,166         $ 24,065
Property, plant and
 equipment, net            7,058            6,486
Total assets              35,572           31,804
Current liabilities        4,469            9,658
Long term liabilities      6,847            2,406
Stockholders' equity      24,256           19,740
Total liabilities and
 stockholders' equity     35,572           31,804

CONTACT: Blonder Tongue Laboratories Inc., Old Bridge

James A. Luksch, 908/679-4000