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HAUSER FISCAL 1992 SECOND QUARTER RESULTS REFLECT CONTINUED GROWTH

 HAUSER FISCAL 1992 SECOND QUARTER RESULTS REFLECT CONTINUED GROWTH
 BOULDER, Colo., Dec. 12 /PRNewswire/ -- Hauser Chemical Research Inc. (NASDAQ: HAUS) announced today operating results for its fiscal 1992 second quarter ended Oct. 31, 1991. Revenues and net income for the three and six month periods reflect the firm's rapid growth following the encouraging performance of taxol in clinical trials for ovarian and breast cancers. Hauser manufactures bulk taxol for Bristol-Myers Squibb (Bristol), which produces the final drug.
 Total revenues for Hauser's second quarter of fiscal 1992 were $7,461,542, compared to $1,592,424 for the second quarter fiscal 1991, a 369 percent increase. The firm realized net income after taxes of $752,468 or 8 cents per share for the second quarter of fiscal 1992, compared to $57,648 or 2 cents per share for the like period in fiscal 1991.
 For the six months ended Oct. 31, 1991, Hauser's total revenues were $15,958,194, compared to $3,139,244 for the like period in fiscal 1991. Net income for the six months ended Oct. 31, 1991 was $1,613,668 or 18 cents per share, compared to $126,763 or 4 cents per share in the like period fiscal 1991.
 Natural product processing services revenues, which includes bulk taxol production, were $6,851,781 for the second quarter of fiscal 1992, $14,668,907 for the six months ended Oct. 31, 1991. Technical services revenues totaled $609,761 for the quarter, $1,289,287 for the six months. Operating expenses increased from $313,995 for the second quarter of fiscal 1991 to $671,428 for the second quarter of fiscal 1992. The increase reflects additional personnel and other costs to address increased production requirements and related regulatory and quality control needs associated with taxol and other pharmaceutical and food products.
 According to William E. Paukert, chief financial officer, "Yew bark collection, which accounted for the majority of the natural products revenues for the six month period ended Oct. 31, 1991, is seasonal and will drop off dramatically in the third and fourth quarters of the fiscal year resuming during the first and second quarters of the next fiscal year." Management anticipates the seasonal nature of yew bark collection should continue for the next several years. Processing revenues for Taxus resin and bulk taxol should continue to increase during the next several quarters as the new facility comes on-line. The processing increase will partially compensate for the anticipated decrease in bark collection revenue in the third and fourth quarters. Other areas of the company also continue to be strong.
 Hauser has a multi-year agreement with Bristol for the collection of Pacific yew bark and the processing of Pacific yew bark into Taxus resin and bulk taxol. The contract has a base term of three years and is automatically extended for two successive two year periods unless canceled by Bristol upon 12 months notice to Hauser. Pursuant to the contract, Bristol has agreed to purchase certain minimum annual quantities of bulk taxol and may also purchase Taxus resin and bulk taxol produced by Hauser in excess of the stated minimum amounts. Bristol's minimum purchase requirements are dependent upon Hauser's meeting certain product and regulatory requirements.
 Hauser Chemical Research is a chemical processor, specializing in the extraction and purification of high value natural products using its proprietary technologies. Additionally, through its Technical Services Group, Hauser provides interdisciplinary laboratory testing services, chemical engineering services and contract research and development. The company is based in Boulder.
 -0- 12/12/91
 /CONTACT: William E. Paukert or Dean P. Stull both of Hauser Chemical Research, 303-443-4662/
 (HAUS) CO: Hauser Chemical Research Inc. ST: Colorado IN: MTC CHM SU: ERN


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Date:Dec 12, 1991
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