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GULL LABORATORIES REPORTS RECORD FIRST QUARTER SALES, EARNINGS

 SALT LAKE CITY, April 23 /PRNewswire/ -- Gull Laboratories, Inc. (NASDAQ: GULL), the Salt Lake City-based medical products manufacturer, reported record sales and earnings for the first quarter ended March 31, 1993. The company had record sales of $2,460,308 for the first quarter, up 11 percent over the same period of 1992 and earnings of $402,400 or $.07 per share, up 35 percent over the first quarter of 1992.
 Milton Adair, Gull President and CEO, said, "The results of our first quarter after the divestment of USANA are satisfying all around. Biodesign, our new bioreagents subsidiary, was profitable and more than made up for last year's sales from the Natural Products operation. The combined sales of Biodesign and our Salt Lake City diagnostics division increased 23 percent over last year. Best of all, we have immediately realized significant operating efficiencies which resulted in the very much improved earnings. These results confirm that the spin-off of USANA was the correct decision."
 Yesterday the common stock of USANA, Inc., began trading on the over-the-counter market, which resulted in a temporary halt being placed on the trading of Gull common stock.
 Founded in 1974, Gull Laboratories, Inc., 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.
 GULL LABORATORIES, INC.
 STATEMENT OF INCOME
 Three Months Ended
 3/31/93 3/31/92
 (unaudited) (unaudited)
 Revenues $2,460,308 $2,207,546
 Income Before Taxes 580,775 460,615
 Provision for Income Taxes 178,375 121,600
 Net Income 402,400 299,015
 Per Share $.07 $.05
 Weighted Avg. Number of Shares
 Outstanding 5,497,241 5,272,083
 -0- 4/23/93
 /CONTACT: Peter Van Duser, communications, Gull Laboratories, Inc., 801-263-3524, or Bill Roberts of Cameron Towey Central, 513-891-1818, for Gull Laboratories, Inc./
 (GULL)


CO: Gull Laboratories, Inc. ST: Utah IN: MTC SU: ERN

BM -- CL010 -- 9949 04/23/93 10:18 EDT
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Date:Apr 23, 1993
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