Compositech reports third quarter and nine months results.

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--November 15, 1996--Compositech Ltd. (NASDAQ:CTEK), which produces and markets patented high tech laminates for the rapidly growing printed circuit board industry, today announced results for the third quarter and nine months ended Sept. 30, 1996.

For the third quarter ended Sept. 30, 1996, revenues totaled $63,100 compared to $39,520 reported in the third quarter ended Sept. 30, 1995. Net loss for the quarter totaled $1,134,119, or $0.17 per share, compared with $793,218, or $0.20 per share, in the third quarter ended Sept. 30, 1995. There were 6,632,544 shares used in computing net loss per share for the 1996 quarter and 3,995,769 used in the 1995 quarter.

For the nine months ended Sept. 30, 1996, revenues totaled $158,152 compared with $59,522 for the first nine months of 1995. Net loss for the nine months totaled $3,341,017, or $0.66 per share, compared with $2,281,032, or $0.57 per share, for the first nine months of 1995. Shares used to compute net loss per share for the nine months of 1996 and 1995 were 5,034,134 and 3,995,769, respectively.

Fred E. Klimpl, Compositech's president said, "Our revenues continue to grow as we focus our efforts on marketing and production activities rather than research and development. October 1996 sales of $72,342, exceeded the sales for the entire third quarter. The increased loss in 1996 compared to 1995 reflects interest and debt related items which are now substantially reduced and greater expenses incurred in preparation for anticipated significant increases in manufacturing volume. Three new presses and other capital equipment designed by the company's engineering department were delivered during October and November 1996; we expect that they will be operational in December and that our production capacity will increase significantly."

Compositech Ltd. develops, produces and markets innovative and superior copper-clad fiberglass epoxy laminates used to make printed circuit boards, which are essential components of personal computers, workstations, data communication and telecommunications equipment, automobiles and virtually all electronic equipment.

The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-Q for the quarter ended Sept. 30, 1996, as well as its prospectus for its initial public offering dated June 30, 1996, may affect the results achieved by the company. -0-

                     FINANCIAL HIGHLIGHTS

                              For the             For the
                         Three Months Ended   Nine Months Ended
                            Sept. 30,             Sept. 30,
                         1996        1995     1996        1995

Revenues             $  63,100    $ 39,520  $ 158,152  $ 59,522
Net (loss)         ($1,134,119)  ($793,218)($3,341,017)($2,281,032)
Net (loss)
 per share              ($0.17)     ($0.20)    ($0.66)   ($0.57)
Shares used
 in computing
  net (loss)
   per share         6,632,544   3,995,769  5,034,134 3,995,769

                         BALANCE SHEET DATA

                                           Sept. 30, 1996

          Current Assets                      $6,001,185
          Cash and Temporary Investments      $5,382,382
          Current liabilities                 $3,402,737
          Long-Term Debt                           -0-
          Stockholders' Equity                $5,234,526

CONTACT: Compositech Ltd.

Fred Klimpl

516/436-5200

or

KCSA 

Joseph A. Mansi/Leslie A. Schupak

212/682-6300, ext. 205/207