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ENHANCED ELECTRONICS ANNOUNCES YEAR-END RESULTS

 DALLAS, Sept. 10 /PRNewswire/ -- Enhanced Electronics Corporation (OTC Bulletin Board: EEQC) today released the following financial results for the fiscal year ended June 30, 1993. Pat Custer, chairman and president, stated that the attainment of $26,228,275 in annual net sales "clearly demonstrates our strong commitment to rapid, sustained growth and accelerating profits for our shareholders."
 Mr. Custer cited a recent stock price rise as attributable in part to an increased understanding within investment circles of the company's new focus on the electronics industry and its potential for continued revenue growth during fiscal 1994.
 Notwithstanding this market activity, Mr. Custer feels that "EEQC stock remains highly undervalued and attractively priced. Based on actual revenues in excess of $5 million per month for July and August, we remain comfortable with our projections of $48 million in revenues for the year in progress."
 With its acquisition in early 1993 of Southwest Memory Inc., a Texas-based subsidiary, Enhanced Electronics became a distributor of proprietary computer chips and memory chip modules. The company also markets and distributes electronics components and specialty technologies to North American and Far East marketplaces.
 Recent announcements concerning ID Logic(TM) and Syspower(TM) illustrate the company's aggressive focus on commercializing products and technologies with high gross revenue potential. ID Logic is a format scanning chip which enables car radio listeners to locate stations by type of music desired at the touch of a single button. Enhanced Electronics has acquired full North American marketing rights for the technology. The company is also implementing a marketing campaign covering the United States and Mexico for Syspower, a computer- controlled high-resolution/high-quality LED signage system.
 Enhanced Electronics continues in an expansion mode. Announcements are expected concerning additional acquisitions to strengthen the company's position in the international electronics marketplace.
 ENHANCED ELECTRONICS CORPORATION AND SUBSIDIARIES
 Consolidated Statement of Operations
 Year Ended June 30 1993 1992
 Net sales $26,228,275 $ --
 Operating expenses
 Cost of sales 24,616,826 --
 General & administrative 1,124,296 144,689
 Bad debt expense 129,743 --
 Interest expense 404,079 3,657
 Total operating expenses 26,274,944 148,346
 Other income
 Gain on sale of land 147,980 --
 Royalty revenue -- 57,500
 Interest and other 7,900 --
 Total other income 155,880 57,500
 Income (loss) from cont. opers. 109,211 (90,846)
 Income (loss) per share $.01 $(.01)
 Weighted avg. shares outstanding 7,140,000 6,712,694
 -0- 9/10/93
 /CONTACT: Chris McComb of Investment Marketing Support, 904-273-1551, for Enhanced Electronics Corporation/
 (EEQC)


CO: Enhanced Electronics Corporation ST: Texas IN: CPR SU: ERN

PS -- NY003 -- 0611 09/10/93 08:00 EDT
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Publication:PR Newswire
Date:Sep 10, 1993
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