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DATAMARINE REPORTS SECOND QUARTER RESULTS

 POCASSET, Mass., May 19 /PRNewswire/ -- Datamarine International, Inc. (NASDAQ: DMAR), today reported sales for the second quarter ended April 4, 1993 of $2,038,684, a decrease of 22 percent from the $2,616,335 of the same quarter last fiscal year. The result for the quarter was a loss of $(403,545), or (34 cents) per share, compared to the loss of $(71,688), or (6 cents) per share, for the same quarter last fiscal year.
 The loss from continuing operations amounted to $(404,045), or (34 cents) per share in the second quarter of fiscal 1993, compare to the loss from continuing operations of $(169,141), or (14 cents) per share in the second quarter of fiscal 1992.
 Sales for the six months ended April 4, 1993 were $3,653,995, down 21 percent from the $4,650,316 of sales in the first six months of last year. The loss from continuing operations for this six month period amounted to $(634,523), or (53 cents) per share, compared to the loss from continuing operations in the first six months of last fiscal year of $(414,013), or (35 cents) per share.
 Geoffrey W. Kreiger, CFO stated, "At the very end of the quarter, the company's SEA subsidiary made its first shipment of its narrowband product for the new land mobile radio service recently established by the F.C.C. The timing of future sales is dependent upon the rate of issuance of the required user licenses by the F.C.C. The identity of the entities who are to receive a local license was determined in the license lottery held by the F.C.C. on Oct. 19, 1992. The company is disappointed with the pace that the licenses are being issued. However, the company remains the sole manufacturer of equipment that has received F.C.C. type acceptance for this service. The company continues to aggressively pursue this developing opportunity. Sales of the SEA Unit's established marine radio product line was off for the quarter as a result of market contraction and increased competition. Sales of the Datamarine Unit's established recreational marine electronics product line was up slightly. Both Units contributed about equally to the operating loss this quarter."
 Datamarine International, Inc. is a technology-based, U.S. manufacturer of marine electronics and land mobile radios.
 DATAMARINE INTERNATIONAL, INC. AND SUBSIDIARIES
 Consolidated Second Quarter Financial Data
 (Unaudited)
 Three Months Ended Six Months Ended
 April 4 March 28 April 4 March 28
 1993 1992(A) 1993 1992(A)
 Statements of Operations
 Net sales $2,038,684 $2,616,335 $3,653,995 $4,650,316
 Cost of product sold 1,312,505 1,592,766 2,304,014 2,763,531
 Gross profit 726,179 1,023,569 1,349,981 1,886,785
 Operating expenses 1,245,921 1,281,919 2,234,256 2,509,966
 Operating loss (519,742) (258,350) (884,275) (623,181)
 Other income (expense) 3,697 (13,791) (1,248) (26,832)
 Loss from continuing
 operations before
 income taxes (516,045) (272,141) (885,523) (650,013)
 Provisions (credit)
 for income taxes (112,000) (103,000) (251,000) (236,000)
 Loss from continuing
 operations (404,045) (169,141) (634,523) (414,013)
 Income from discontinued
 operations, net of income
 taxes of $88,000 and
 $102,000 --- 97,453 129,026 148,270
 Gain on sale of discontinued
 operations, net of income
 taxes of $163,000 500 --- 239,553 ---
 Net income (loss) (403,454) (71,688) (265,944) (265,743)
 Income (loss) per share:
 Continuing operations (34 cents) (14 cents) (53 cents) (35 cents)
 Discontinued operations --- 8 cents 31 cents 13 cents
 Net income (loss) (34 cents) (6 cents) (22 cents) (23 cents)
 Average shares
 outstanding 1,194,672 1,171,023 1,194,672 1,171,023
 (A) Reclassified to present continuing operations without Data Industrial.
 DATAMARINE INDUSTRIAL, INC. AND SUBSIDIARIES
 As of
 April 4 March 28
 1993 1992
 Summary Balance Sheets
 Current assets $5,730,759 $7,070,104
 Fixed assets, net 1,847,716 2,269,996
 Other assets 45,894 465,107
 Total assets 7,624,369 9,805,207
 Current liabilities 1,631,096 3,023,712
 Long-term debt 152,755 626,934
 Stockholders' equity 5,840,518 6,154,561
 Total liabilities and
 stockholders' equity 7,624,369 9,805,207
 Balance Sheet Information
 Book value per share $4.89 $5.28
 Current ratio 3.51 to 1 2.34 to 1
 Long-term debt-to-equity ratio 3 percent 10 percent
 Shares outstanding 1,194,672 1,171,023
 Working capital 4,099,663 4,046,392
 Retained earnings 3,485,567 3,933,025
 -0- 5/19/93
 /CONTACT: Geoffrey Kreiger, treasurer and CFO of Datamarine, 508-563-7151/


CO: Datmarine International ST: Massachusetts IN: TLS SU: ERN

SM-JK -- NE015 -- 0356 05/19/93 14:11 EDT
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Date:May 19, 1993
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