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HARLYN PRODUCTS ANNOUNCES QUARTERLY RESULTS

 HARLYN PRODUCTS ANNOUNCES QUARTERLY RESULTS
 LOS ANGELES, May 15 /PRNewswire/ -- Harlyn Products Inc. (AMEX: HRN)


today announced net sales of $4,025,000 and $20,332,000 for its third fiscal quarter and nine months ended March 31, 1992. This compares to net sales of $4,499,000 and $22,031,000 for the corresponding periods last year. The company reported a net loss of $148,000 ($.03 per share) and net income of $954,000 ($.21 per share) for the quarter and nine months ended March 31, 1992, compared to a net loss of $155,000 ($.03 per share) and net income of $1,445,000 ($.30 per share) for corresponding like periods the prior year.
 Harold Weisbrod, chairman of the board of directors, commented, "Although international sales produced by our Thailand subsidiary increased by $883,000 during the third quarter ended March 31, 1992, as compared to the same period in the prior year, continuing weakness in the U.S. economy had an adverse impact on our domestic sales which decreased by $1,357,000 for the like period.
 "The economic climate also had a detrimental effect on our profits in the third quarter 1992, although we benefited from the sale of two land parcels which contributed a bottom-line impact of $409,000."
 Harlyn Products Inc. is a Los Angeles-based jewely manufacturer. The company dominates a segment of the industry known as family jewelry: rings containing the birthstones of loved ones. The company provides approximately 5,000 different designs to more than 20,000 independent, chain and department store jewelry outlets.
 HARLYN PRODUCTS INC.
 Operating Results
 (Unaudited)
 Third Quarter Ended Nine Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Net sales (in $000) $4,025 $4,499 $20,332 $22,031
 Net income (in $000) ($148) ($155) $954 $1,445
 Earnings per share ($.03) ($.03)(a) $.21 $.30(a)
 Avg. shares
 outstanding 4,450,000 4,709,000(a) 4,548,000 4,738,000(a)
 (a) Adjusted to reflect the 25 percent common stock split of May 1991.
 -0- 5/15/92
 /CONTACT: Edward Dudziak or Randall Monson of Harlyn Products, 213-746-0745/
 (HRN) CO: Harlyn Products Inc. ST: California IN: SU: ERN


DM-CH -- LA040 -- 0989 05/15/92 17:31 EDT
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Date:May 15, 1992
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