Chicago Miniature Lamp reports results for the third quarter and nine months ended Aug. 27, 1995.

CANTON, Mass.--(BUSINESS WIRE)--October 2, 1995--Chicago Miniature Lamp, Inc. (NASDAQ:CHML) today announced for the three months ended Aug. 27, 1995, the company's net sales increased approximately 25% to $14,586,000 compared to $11,669,000 for the corresponding period which ended Aug. 28, 1994.

For the nine months ended Aug. 27, 1995 the company realized growth in net sales of approximately 46% to $38,988,000, versus $26,715,000 for the nine months which ended Aug. 28, 1994. Major factors contributing to the increase in net sales for the quarterly and nine month periods ended Aug. 27, 1995 were the acquisition of Industrial Devices Inc. in May 1994 and the acquisition of Plastomer, Inc. in March 1995.

Chicago Miniature Lamp, Inc. realized an increase in net income after taxes of nearly 166% to $1,681,000 or $0.17 per share for the three months ended Aug. 27, 1995 as compared to $632,000, or $0.08 per share for the corresponding period ending Aug. 28, 1994. For the nine months ended August 27, 1995 the company reported net income after taxes totaling $4,131,000 or $0.47 per share as compared to a loss of $616,000, or ($0.07) per share for the nine month period ended Aug. 28, 1994. Major factors for the increase in earnings for both the quarterly and semi-annual periods were the aforementioned acquisitions, as well as an increase in gross margin and a decrease in general corporate overhead.

In related news the company also announced the appointment of Ronald S. Goldstein as chief financial officer. Goldstein, who also serves as a director of the company will continue in that capacity and will assist Frank Ward, chairman, president, and chief executive officer in matters related to strategic and financial planning and other duties. Richard Parenti will remain as vice president of finance and corporate controller.

Chicago Miniature Lamp, Inc. is a leading manufacturer and distributor of a wide variety of miniature lighting products comprised primarily of value-added lighting assemblies as well as discrete bulbs, light emitting diodes ("LEDs") and bulb sockets. -0-

             Chicago Miniature Lamp, Inc. and Subsidiary
                Comparative Statements of Operations

                                        Three Months Ended
                                     August 27,       August 28,
                                       1995             1994
                                         (Unaudited)

Net sales                           $14,586,000    $11,669,000
Net income (loss)                   $ 1,681,000    $   632,000
Earnings (loss) per common share          $0.17          $0.08
Weighted average shares outstanding   9,883,000      8,331,000

                                      Nine Months Ended
                                 August 27,       August 28,
                                    1995             1994
                                           (Unaudited)

Net sales                           $38,988,000    $26,715,000
Net income (loss)                    $4,131,000      ($616,000)
Earnings (loss) per common share          $0.47         $(0.07)
Weighted average shares
 outstanding                          8,853,000      8,331,000

CONTACT: Chicago Miniature Lamp, Inc.

Ronald Goldstein, 617/828-2948

or

Howard Bronson & Company, Inc.

Steven Kessler, 212/867-6160