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CPAC SALES AND PROFITS UP IN SECOND QUARTER

 LEICESTER, N.Y., Oct. 28 /PRNewswire/ -- CPAC, Inc. (NASDAQ-NMS: CPAK) today announced that sales were up 15 percent and earnings increased 4 percent in the company's second quarter ended Sept. 30, 1993.
 On sales of $10.9 million net income was $749,507 or $0.24 per share. In the same quarter last year, CPAC sales were $9.5 million and net income was $727,318 or $0.23 per share.
 As announced previously, results for the first half of the fiscal year were impacted by the sudden bankruptcy of a major customer. For the six month period, CPAC, Inc. reported a 13 percent increase in net sales to $20.7 million from $18.3 million in the comparable period last year. Net income was down 14 percent to $1.159 million or $0.37 per share, from $1.346 million, or $0.43 per share last year.
 According to CPAC Chief Executive Officer Thomas N. Hendrickson, second quarter performance was attributable to enhanced sales of autex(R) X-ray chemicals to the medical market by Allied Photo Products Co., Inc., its subsidiary in Norcross, Ga. Hendrickson also commented that the Trebla Chemical Company subsidiary in St. Louis continued to report improvement in earnings due to its changing chemical product mix for the photographic industry.
 Relative to foreign operations, Hendrickson said, "We were pleased that despite current recessionary conditions in the international marketplace, combined sales from our three subsidiaries were above expectations for the


quarter. At the current rate, we anticipate consolidated results will be on target to be break-even by fiscal year- end."
 CPAC, Inc. is a manufacturer of processing solutions and environmental compliance equipment for the imaging industry.
 -0- 10/28/93
 /CONTACT: Wendy F. Clay, corporate communications, of CPAC, Inc., 716-382-3223/
 (CPAK)


CO: CPAC, Inc. ST: New York IN: ENV CPR SU: ERN

AR-LC -- CL023 -- 8121 10/28/93 16:14 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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