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INFINITE GRAPHICS INCORPORATED REPORTS SECOND QUARTER RESULTS

 INFINITE GRAPHICS INCORPORATED REPORTS SECOND QUARTER RESULTS
 MINNEAPOLIS, April 21 /PRNewswire/ -- Infinite Graphics Incorporated (OTC Bulletin Board: INFG) today announced a profit for the third quarter ended Jan. 31, 1992.
 Sales for the third quarter were $1,335,103 compared to $998,854 for the same quarter last year. The company reported a third quarter operating profit of $141,681. In addition, the company had a one-time extraordinary loss of $109,835 in the third quarter from an asset held for sale written down to its estimated present market value. The net profit for the third quarter was $31,846 or $.01 per share compared to a net profit of $187,326 or $.08 per share in the third quarter a year ago. The profit in the prior year was due to an extraordinary gain of $433,473 from the sale of its Plymouth facility.
 The Engineering Services Division sales increased 25 percent to $823,064 in the third quarter, compared to $660,912 for the same period last year. Software Systems Division sales increased 52 percent to $512,039 in the third quarter versus $337,942 in 1991.
 Sales for the nine months ended Jan. 31, 1992, were $3,688,778 compared to $3,126,211 for the same period last year. Net profit for the nine months was $319,216 or $.14 per share, compared to a net loss of $710,795 or $.32 per share for the same period last year. Systems sales increased 35 percent to $1,275,757 for the nine months compared to $947,382 for the same period one year ago. Service sales increased 11 percent to $2,413,021 for the nine months compared to $2,178,829 for the same period last year.
 Infinite Graphics has turned a profit for five consecutive quarters. The company has two issues it continues to address:
 -- Cash flow
 -- Search for investment funds
 If management is able to successfully address all the above issued the company should be postured to operate profitably in the future.
 The company introduced its new software product at the NEPCON show in February. The product is called SeriCAM PAR (Producibility Analysis Report). The product saves manufacturers an enormous amount of time analyzing the manufacturability of their printed circuit boards. The product was well received at the show and is the only one of its kind on the market today.
 The company expects to show a profit for the year but may not show a profit for the fourth quarter because of sales slipping due to the slowness in the PC Fab segment.
 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 Nine Months Ended
 1/31/92 1/31/91 1/31/92 1/31/91
 Net sales $1,335,103 $998,854 $3,688,778 $3,126,211
 Other income -- 411 -- 3,806
 -- 1,335,103 999,265 3,688,778 3,130,017
 Costs and expenses 1,191,422 1,245,412 3,511,104 4,274,285
 Earnings (loss) before
 income taxes and
 extraordinary items 143,681 (246,147) 177,674 (1,144,268)
 Income taxes 2,000 -- 8,000 --
 Earnings (loss) before
 extraordinary items 141,681 (246,147) 169,674 (1,144,268)
 Extraordinary item (109,835) 433,473 149,542 433,473
 Net earnings (loss) $31,846 $187,326 $319,216 $(710,795)
 Net earnings (loss)
 per common share $.01 $.08 $.14 $(.32)
 Weighted average number
 of common and common
 equivalent shares
 outstanding 2,221,686 2,221,686 2,221,686 2,221,686
 -0- 4/21/92
 /CONTACT: Lee Miller of Infinite Graphics, 612-721-6283/
 (INFG) CO: Infinite Graphics Incorporated ST: Minnesota IN: SU: ERN


AL -- MN018 -- 0757 04/21/92 14:28 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:680
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