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GULL LABORATORIES PROJECTS 100 PERCENT EARNINGS JUMP FOR 1992

 GULL LABORATORIES PROJECTS 100 PERCENT EARNINGS JUMP FOR 1992
 SALT LAKE CITY, Oct. 21 /PRNewswire/ -- Gull Laboratories Inc. (NASDAQ: GULL), a Salt Lake City-based medical products manufacturer, is projecting the company will continue record revenues for 1992 and report more than double 1991's earnings of 10 cents per share. The company recently reported nine-month revenues that were 45 percent above the like period of 1991 and income figures 39 percent ahead of the first three quarters of last year.
 Milton Adair, Gull chief executive officer, said, "Sales and revenues continue to be strong in the fourth quarter rather than slowing down as they have in previous years. The company is clearly meeting our goals for the year, which were to increase annual revenues by 40 percent and to double earnings in 1992. It appears we will at least meet these objectives. This record-breaking performance substantiates the predictions made at our June 24th annual meeting."
 Gull also recently announced an agreement to purchase BIODESIGN International, Kennebunkport, Maine, a manufacturer and distributor of bioreagents. Adair commented, "The purchase of BIODESIGN will have an almost immediate positive impact on our revenues and earnings when the acquisition is completed following the SEC approval of our S-4 submission."
 Founded in 1974, Gull Laboratories, develops, manufactures and markets high-quality diagnostic test kits for the detection of infectious diseases. The company markets these products for use in hospitals and clinical laboratories around the world. In addition, Gull manufactures nutritionals and health product packaging for the natural health products market.
 -0- 10/21/92 R
 /CONTACT: Peter Van Duser of Gull Laboratories, 801-263-3524; or John Metzger of Metzger Associates, 303-786-7000, for Gull Laboratories/
 (GULL) CO: Gull Laboratories Inc.; BIODESIGN International ST: Utah, Maine IN: MTC SU: ERP


KD -- DV007 -- 2743 10/21/92 09:48 EDT
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Date:Oct 21, 1992
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