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HARRIER, INC. REPORTS FISCAL 1992 RESULTS

 HARRIER, INC. REPORTS FISCAL 1992 RESULTS
 LOS ANGELES, Oct. 28 /PRNewswire/ -- Harrier, Inc.


(NASDAQ: HARE; BSE: HRR.B) today reported the following comparative results for fiscal years ended June 30, 1992 and 1991. The financial statements for both years have been reclassified to reflect asset sales agreements executed after the close of fiscal 1992.
 HARRIER, INC.
 Results of Operations (A)
 Fiscal year ended June 30 1992 1991
 Sales $ 109,215 $ 49,785
 Loss from continuing operations (1,045,303) (1,531,448)
 Loss from discontinued operations(B) (920,815) (1,740,475)
 Net loss $(1,966,118) $(3,271,923)
 Net loss per share:
 From continuing operations $(.19) $(.28)
 From discontinued operations (.16) (.36)
 Net loss $(.35) $(.64)
 (A) -- Reclassified to reflect asset sales occurring subsequent to the end of FY 1992.
 (B) -- Includes total sales and expenses from discontinued European operations of $2,819,590 and $3,740,405, respectively, in FY 1992 and $1,473,645 and $3,214,120, respectively, in FY 1991.
 -0- 10/28/92
 /CONTACT: Kevin DeVito, president and CEO of Harrier, 310-376-7721/
 (HARE) CO: Harrier, Inc. ST: California IN: SU: ERN


GK-OS -- NY099 -- 6129 10/28/92 14:57 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Oct 28, 1992
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