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INFINITE GRAPHICS INCORPORATED REPORTS FIRST QUARTER RESULTS

 MINNEAPOLIS, Sept. 21 /PRNewswire/ -- Infinite Graphics Incorporated today announced a profit for the first quarter ended July 31, 1993.
 Sales for the first quarter were $1,220,819 compared to $1,031,124 for the same quarter last year. The company reported a first quarter net profit of $238,917 or 9 cents per share compared to a net profit of $31,921 or 1 cent per share in the first quarter a year ago.
 The Engineering Services Division sales increased to $798,895 in the first quarter, versus $657,982 in 1992. Software Systems Division sales increased to $421,924 in the first quarter versus $373,142 in 1992.
 Management believes that the company is postured to operate profitably in the future.
 The company continues to focus on the precision graphics industry, providing phototools and software to design and manufacturing segments.
 The Engineering Services Division increased business through increased business from its old customer base.
 The company's latest software product called SeriCAM PAR is selling as expected. This product generates a detailed report that analyzes potential manufacturing problems. The company expects to continue receiving significant orders on this product the remainder of this fiscal year.
 The company is enhancing its software capabilities and developing a new product to be introduced later this fiscal year.
 Infinite Graphics Incorporated is a total solutions precision graphics company that has served the engineering and manufacturing marketplace since 1969. Infinite Graphics develops and markets engineering graphics services and products for precision graphics and printed circuit board manufacturing, design and testing. Headquartered in Minneapolis, the company markets its services and products in the United States, Canada and Western Europe.
 INFINITE GRAPHICS INCORPORATED
 CONSOLIDATED STATEMENT OF EARNINGS
 (Unaudited)
 Three Months Ended
 7/31/93 7/31/92
 Net sales $1,220,819 $1,031,124
 Other income 26,401 --
 -- 1,247,220 1,031,124
 Costs and expenses 1,157,398 1,039,278
 Earnings before income taxes
 and extraordinary items 89,822 (8,155)
 Income taxes 4,000 --
 Earnings before extraordinary items 85,822 (8,155)
 Extraordinary item 153,095 40,076
 Net earnings $238,917 $31,921
 Net earnings per common share $.09 $.01
 Weighted average number of common
 and common equivalent shares
 outstanding 2,731,686 2,221,686
 -0- ? 9/21/93
 /CONTACT: Lee Miller of Infinite Graphics, 612-721-6283/


CO: Infinite Graphics Incorporated ST: Minnesota IN: SU: ERN

KH-DB -- MN008 -- 4155 09/21/93 12:16 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
Words:405
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