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GENETIC LABORATORIES WOUND CARE REPORTS INCREASED PROFITS FOR THE FIRST QUARTER OF FISCAL 1994

 ST. PAUL, Minn., Oct. 22 /PRNewswire/ -- Genetic Laboratories Wound Care, Inc. (GLWC), has announced net income for the three months ended Aug. 31, 1993, was $52,770 compared to net income of $31,940 for the three months ended Aug. 31, 1992. Net revenues for the three months ended Aug. 31, 1993, were $600,465 compared to net revenues of $542,974 for the three months ended Aug. 31, 1992.
 GLWC is engaged in the business of manufacturing and marketing wound care products. GLWC is currently traded on the local over the counter market. GLWC has a fiscal year ended May 31.
 GENETIC LABORATORIES WOUND CARE, INC.
 SUMMARY OF OPERATIONS
 (Unaudited)
 First Quarter Ended
 8/31/93 8/31/92
 Net revenues $600,465 $542,974
 Percent change 10.6 --
 Expenses 547,695 511,034
 Net income (loss) $52,770 $31,940
 Per common share income (loss) $.02 $.01
 -0- 10/22/93
 /CONTACT: Jim Thompson, president, or Brian Gardow, controller, of Genetic Laboratories Wound Care, 612-633-0805 or fax, 612-633-3188/


CO: Genetic Laboratories Wound Care, Inc. ST: Minnesota IN: MTC SU: ERN

DS-AL -- MN001 -- 5619 10/22/93 09:46 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:191
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