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KETEMA REPORTS THIRD QUARTER RESULTS

 DENVER, Jan. 14 /PRNewswire/ -- Ketema Inc. (AMEX: KTM) reported today a net loss of $1.9 million, or 50 cents per share, for the third quarter of fiscal 1993, compared to a net income of $0.4 million, or 10 cents per share, in the third quarter of the prior fiscal year. The results for the third quarter include a pre-tax charge of $1.8 million for research and development in process, which was purchased and expensed during the period. Sales in the third quarter of 1993 were $34.9 million, compared to $41.9 million in 1992.
 Through nine months, the net loss totaled $1.1 million or 29 cents per share versus a net income of $2.2 million, or 57 cents per share, in the like period last year. Sales for the nine months of $117.6 million were less than the $129.5 million sales recorded for the like period last year.
 Hugh H. Williamson, III, president of the diversified manufacturer, commented, "The effects of the recession continued to negatively impact the results of the third quarter compared to last year. Sales at the Aerospace & Electronics division were substantially lower due to delays and extensions of aerospace customer requirements. The Aluminum Extrusion division also experienced a reduction in sales and earnings due to the soft market conditions in the construction industry. We anticipate that these factors will also adversely affect Ketema's fourth quarter results. Our investment in purchased research and development permits us to enter an emerging market, namely the remotely monitored utility meter market. This investment will create an additional long term growth opportunity for Ketema."
 Ketema, with headquarters in Denver, is a diversified industrial manufacturer of advanced materials, components and equipment, and a provider of design services for the aerospace, process, computer and construction industries.
 KETEMA INC.
 Three Months Ended Nine Months Ended
 Nov. 30, Nov. 30,
 1992 1991 1992 1991
 Net sales $34,893,000 $41,908,000 $117,607,000 $129,457,000
 Operating income
 (loss) (1,614,000) 786,000 420,000 3,530,000
 Income (loss)
 before cumulative
 effect of changes
 in accounting
 principles (1,853,000) 385,000 (1,087,000) 2,031,000
 Cumulative effect
 of changes in
 accounting
 principles(a) --- --- --- 208,000
 Net income
 (loss) $(1,853,000) $385,000 $(1,087,000) $2,239,000
 Primary earnings
 (loss) per
 common share:
 Income (loss)
 before cumulative
 effect of changes
 in accounting
 principles $(0.50) $0.10 $(0.29) $0.52
 Cumulative effect
 of changes in
 accounting
 principles --- --- --- 0.05
 Net income (loss) $(0.50) $0.10 $(0.29) $0.57
 Fully diluted earnings
 per common share:
 Income before
 cumulative effect
 of changes in
 accounting
 principles --- --- --- $0.53
 Cumulative effect
 of changes in
 accounting
 principles --- --- --- 0.04
 Net income --- --- --- $0.57
 Average shares
 outstanding(b)
 Primary 3,729,463 3,932,302 3,776,544 3,932,302
 Fully diluted 4,747,508 5,055,537 4,833,977 5,055,537
 (a) The results for the nine months ended Nov. 30, 1991 have been
 restated to reflect the adoption of a new accounting standard
 for income taxes and a change in the method of accounting for
 existing individual deferred compensation contracts as of
 March 1, 1991.
 (b) There is no dilutive effect on per share amounts for the three-
 month and nine-month periods ended Nov. 30, 1992 and the three-
 month period ended Nov. 30, 1991 assuming the conversion of the
 Debentures into additional shares of Common Stock.
 -0- 1/14/93
 /CONTACT: Claire R. DeLabar of Ketema, 303-329-7188/
 (KTM)


CO: Ketema Inc. ST: Colorado IN: ARO CPR SU: ERN

MC-BB -- DV005 -- 4881 01/14/93 12:33 EST
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Date:Jan 14, 1993
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