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EAI PRESIDENT SEES 'VERY GOOD TOTAL YEAR' DESPITE ANTICIPATED SECOND QUARTER LOSS

 EAI PRESIDENT SEES 'VERY GOOD TOTAL YEAR'
 DESPITE ANTICIPATED SECOND QUARTER LOSS
 WEST LONG BRANCH, N.J., May 13 /PRNewswire/ -- Electronic Associates, Inc. (NYSE: EA) is "still quite positive about a very good total year performance," despite a previously announced anticipated second quarter loss, said Richard G. Rogers, EAI president and chief executive.
 Rogers told shareholders at the company's annual meeting, "I feel very fortunate to be president of EAI at this particular time." The company's board of directors "is solidly behind the idea of increased company growth. During the last 20 years of my career, I have been associated almost exclusively with high growth business units, (with) growth in the 20-25 percent range. I would not be here if I did not believe that EAI has the opportunity to achieve a significant and long- lasting growth rate."
 Rogers pointed to EAI's contract manufacturing business as the primary source of potential growth for the company. He cited a study by an independent consulting firm which forecast growth of the contract manufacturing industry for the next five years at a 16 percent annual rate.
 "We feel that 1992 will be a year of good growth in both revenue and profit for EAI," said Rogers. "We expect to exit the year with a good backlog and with a firm base for continued improvement in 1993."
 Rogers and G. Corson Ellis were re-elected to the company's board of directors, at the stockholder meeting. Shareholders also ratified the selection of Arthur Andersen & Co. as the company's auditors.
 Electronic Associates, Inc. is engaged in three related business lines, serving users and producers of electronic products and systems. In contract manufacturing, EAI provides manufacturing services for products designed and marketed by customers. In field service, the company offers independent maintenance of electronic equipment, with technicians across the United States and in Japan. In product engineering, EAI provides simulation computer products plus design and engineering services to private industry and government agencies.
 -0- 5/13/92
 /CONTACT: Louis J. Tedeschi, 908-229-1100, ext. 655, or Paul Finkel, 201-740-0090, both for Electronic Associates/
 (EA) CO: Electronic Associates Inc. ST: New Jersey IN: ARO SU:


CK-DB -- NY025 -- 9590 05/13/92 10:42 EDT
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Publication:PR Newswire
Date:May 13, 1992
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