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CAPRI ANNOUNCES RESULTS

 CHICAGO, April 27 /PRNewswire/ -- Capri Corp and its wholly owned subsidiary, Cimnet Systems Inc., announced its nine months operating results. For the nine months ended March 31, 1993, Capri reported a loss of $229,733 or $.02 per share on revenues of $2,243,984. For the third quarter ended March 31, 1993, Capri reported a net loss of $582,872 or $.04 per share on revenues of $360,579. Mehul J. Dave, president and chief executive officer, said he was "disappointed in the results" and attributed the loss primarily to the lack of sales of the Paradigm product in the third quarter due to a continued softness in the United States and European printed circuit board market.
 Dave also indicated, however, that "two sales, booked early in the fourth quarter, provided a possible indication of a turnaround," and that he was "guardedly optimistic about the fourth quarter results."
 -0- 4/27/93
 /CONTACT: Barry C. Nelson of Capri Corp., 708-325-6780/


CO: Capri Corp.; Cimnet Systems ST: Illinois IN: CPR SU: ERN

KH -- MN018 -- 1443 04/27/93 13:25 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
Words:181
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