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FIBRONICS ANNOUNCES FIRST QUARTER RESULTS

 PEMBROKE, Mass., May 4 /PRNewswire/ -- Fibronics International, Inc. (NASDAQ-NMS: FBRX) today announced first quarter operating results (January-March 1993).
 For the three months ended March 31, 1993, revenues were $13,632,000, as compared with revenues of $12,703,000 for the same period in 1992. Total revenues increased over 7 percent compared to the previous year's first quarter. This is the result of management's increased focus on improved deliveries and manufacturing productivity. The net loss in the first quarter of 1993 was $1,494,000, a decrease from the first quarter of 1992 loss of $2,698,000.
 Gil Weiser, the new president and chief executive officer of Fibronics International who started with the company on Jan. 15, 1993, said, "I am encouraged by the improved results. The first quarter results are on target and indicate a definite improvement in our operating expenses, manufacturing costs and delivery times. In the first quarter, we were also granted ISO 9001 quality certification. Together with the new management team, we are looking forward to continued improvement and to regaining a leadership position in the worldwide high speed data communications marketplace."
 Fibronics International designs, manufactures, integrates, sells, installs and services networking solutions for distributed workgroups and enterprise networks throughout the world.
 FIBRONICS INTERNATIONAL, INC.
 Q1 1993 VS. Q1 1992
 (dollars in thousands, except share and per share amounts)
 Three Months Ended March 31,
 1993 1992
 Net revenues $13,632 $12,703
 Loss before income taxes ($1,494) ($2,698)
 Net loss ($1,494) ($2,698)
 Weighted average number of
 shares outstanding 7,831,909 6,365,462
 Loss per share (19 cents) (42 cents)
 -0- 5/4/93
 /CONTACT: Amichai Sobol, vp-marketing of Fibronics International, 972-4-313-313, or Moshe Levin, president of Fibronics America Division, 617-826-0099/
 (FBRX)


CO: Fibronics International, Inc. ST: Massachusetts IN: CPR SU: ERN

MP -- NE007 -- 4321 05/04/93 12:17 EDT
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Date:May 4, 1993
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