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HARRIER REPORTS FISCAL SECOND QUARTER, SIX MONTHS RESULTS

 LOS ANGELES, Feb. 16 /PRNewswire/ -- Harrier, Inc. today reported a net loss of $59,217, equal to $.01 per share, on sales of $158,211 for the quarter ended Dec. 31, 1992. This compared with a net loss of $656,119, or $.11 per share, on sales of $22,019 for the corresponding quarter of 1991.
 For the six months, Harrier's net income totaled $711,871, equal to $.12 per share, on sales of $242,481, which compared with a net loss of $990,278, or $.17 per share, and sales of $62,139 for the year-ago period.
 Included in the recent results was a gain in the sale of discontinued operations amounting to $43,644, or $.01 per share, for the quarter and $757,018, or $.12 per share, for the six months.
 In its 10Q Report filed with the Securities and Exchange Commission, the company said that the quarterly increase in sales was attributable to initial marketing activity by an independent distributor selling its Bioptron(R) Lamp direct to consumers. Late last year Harrier received notification from the Food and Drug Administration that the product, previously sold through salons as a skin care and cosmetic device, could be sold in the U.S. for relief of pain under Sec. 510(k) of the Food, Drug and Cosmetic Act.
 The company further noted in its SEC filing that it is currently selling its Bioptron Lamp through four direct sales distributors, has the product in test at two others, and has entered into a master distributor arrangement to supply the product to a number of direct marketing companies.
 The Bioptron Lamp uses linearly polarized light of specific wavelength distribution and power density which provides a biostimulative effect on cellular activity. The Lamp is sold in Europe and Asia by an unaffiliated company that last year acquired Bioptron A.G. with Harrier retaining exclusive marketing rights in the Western Hemisphere and a royalty on foreign sales.
 In addition to the Bioptron Lamp, Harrier holds exclusive rights to the Harrier Diesel Cleaner, a patented environmental product, the Calorimeter, a consumer healthcare device, and through a wholly owned subsidiary, The GlycoBiology Company, is engaged in biochemical development.
 The comparative results for the fiscal quarter and six months are as follows:
 HARRIER INC.
 Periods ended Three months Six months
 Dec. 31 1992 1991 1992 1991
 Sales $158,211 $ 22,019 $242,481 $ 62,139
 Loss from operations (102,867) (414,426) (45,147) (679,975)
 Loss from discontinued
 operations -- (241,693) -- (310,303)
 Gain on sale of
 discontinued operations 43,644 -- 757,018 --
 Net income (loss) (59,217) (656,119) 711,871 (990,278)
 Earnings per share:
 Loss from operations (.02) (.07) (.01) (.12)
 Loss from discontinued
 operations -- (.04) -- (.05)
 Income from sale of
 discontinued operations .01 -- .12 --
 Net income (loss) per
 common share (A) (.01) (.11) .11 (.17)
 (A) Based on 6,203,303 weighted average common shares outstanding in the 1992 quarter and six months, and 5,977,825 shares outstanding in the 1991 periods.
 -0- 2/16/93
 /CONTACT: Kevin DeVito, president and chief executive officer of Harrier, Inc., 310-376-7721/
 (HARE)


CO: Harrier, Inc. ST: California IN: SU: ERN

LR-OS -- NY108 -- 6874 02/16/93 14:46 EST
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Date:Feb 16, 1993
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