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CROP GENETICS INTERNATIONAL REPORTS RESULTS FOR QUARTER ENDING JUNE 30, 1993

 COLUMBIA, Md., Aug. 2 /PRNewswire/ -- Crop Genetics International (NASDAQ: CROP) today reported revenues of $636,300 for the quarter ended June 30, 1993, compared to $786,800 in the same quarter last year.
 Net loss was $1,940,900 or $.31 per share, compared to a net loss of $1,296,200 or $.36 per share in the same quarter of last year.
 For the first six months of 1993 revenues were $1,362,800 compared to $1,407,100 in the first six months of the previous year. For the first six months of 1993 net loss was $3,660,200 or $.60 per share, compared to a net loss of $2,949,100 or $.79 per share for the first six months of last year.
 CROP GENETICS INTERNATIONAL CORP.
 Condensed Statements of Operations
 (Unaudited)
 Periods ended Three months Six months
 June 30 1993 1992 1993 1992
 Revenues:
 Research revenue $500,000 $437,500 $1,000,000 $875,000
 Investment income 123,000 305,500 347,400 468,200
 Other income 13,300 43,800 15,400 63,900
 Total revenues 636,300 786,800 1,362,800 1,407,100
 Costs and expenses:
 Field management 142,900 118,000 273,800 235,000
 Research and
 development 1,919,500 1,619,600 3,786,800 3,273,100
 General and
 administrative 514,800 345,400 962,400 809,400
 Acquired technology --- --- --- 38,700
 Total costs and
 expenses 2,577,200 2,083,000 5,023,000 4,356,200
 Net loss (1,940,900) (1,296,200) (3,660,200) (2,949,100)
 Preferred stock
 dividends 640,100 640,100 1,280,200 1,280,200
 Net loss applicable
 to common shares (2,581,000) (1,936,300) (4,940,400) (4,229,300)
 Net loss per common
 share ($.31) ($.36) ($.60) ($.79)
 Average number of common
 shares outstanding 8,195,735 5,386,046 8,189,942 5,324,906
 Condensed Balance Sheets
 June 30, 1993 Dec. 31, 1992
 (Unaudited)
 Current assets:
 Cash and short-term investments $13,673,400 $20,971,300
 Other current assets 1,505,300 1,150,500
 Total current assets 15,178,700 22,121,800
 Fixed assets (net) 4,936,200 2,131,100
 Total $20,114,900 $24,252,900
 Current liabilities 1,259,800 500,200
 Total Common and preferred
 stockholders' equity 18,855,100 23,752,700
 Total 20,114,900 24,252,900
 -0- 8/2/93
 /CONTACT: Mac McGuire, director of Finance of Crop Genetics, 410-381-3806, or Anthony J. Russo, Ph.D. of Noonan/Russo Communications, Inc., 212-696-4455, for Crop Genetics/
 (CROP)


CO: Crop Genetics International ST: Maryland IN: SU: ERN

CC-MJ -- PH032 -- 8586 08/02/93 18:06 EDT
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Date:Aug 2, 1993
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