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LIBERTY TECHNOLOGIES, INC. POSTS 33 PERCENT INCREASE IN FIRST QUARTER OPERATING RESULTS

 CONSHOHOCKEN, Pa., April 27 /PRNewswire/ -- Liberty Technologies, Inc., (NASDAQ: LIBT) which completed its IPO on March 31, 1993, today reported the strongest first quarter in its history in both sales and income.
 Sales increased 9 percent as compared to the first quarter of 1992 to $3,827,000 and net income (before extraordinary item and accounting change) rose 33 percent to $507,000 ($.14 per share). In addition, the company changed its method of accounting for income taxes in the first quarter of 1993 which added $.02 per share.
 A leader in developing, manufacturing, selling and servicing diagnostic valve testing systems within the U.S. nuclear power market, Liberty is currently developing products and services for a cross- section of process industries, including the petrochemical, chemical, electric power and pulp and paper industries.
 "Liberty's products currently maintain a leading position in the U.S. nuclear market. Expanding our technology to industries worldwide will help optimize plant and equipment performance, reduce maintenance costs, and improve asset utilization during a time when predictive maintenance is a critical component of manufacturing excellence and a measure of environmental responsibility," said R. Nim Evatt, president and chief executive officer.
 "Increased concerned for safety, reliability and cost-efficiency is leading to testing using Liberty's VOTES(R) systems by international nuclear power plants," Evatt continued.
 Liberty's development of new products for the nuclear markets continues as the company expands into other markets, both domestically and internationally. During the first quarter, Liberty released VOTES data manager(TM), a Windows(R)-based software product for storing large quantities of data, and completed beta tests of two new products, Motor Power Monitor(TM) and Packing 'nForcer(TM).
 In addition, Liberty expanded its field services capacity by completing the acquisition of MOV Services, a supplier of valve testing, repair services and personnel training to nuclear power plants, and expanded its international presence by delivering its first system to Nuclear Electric in England.
 Liberty, founded in 1984, develops equipment based on proprietary technologies to detect incipient failures, degraded conditions and potential non-performance of valves, motors and turbines. VOTES(R), Liberty's Valve Operation Test & Evaluation System, is the leading system for testing motor operated valves in the U.S. nuclear power industry.
 LIBERTY TECHNOLOGIES, INC.
 (000s, except per-share amounts)
 Three months ended March 31 1993 1992
 Sales $3,827 $3,523
 Gross profit 2,595 2,388
 Operating profit 803 638
 Net income before extraordinary
 item and cumulative effect of
 accounting change 507 380
 Net income $607 $388
 Earnings per share -- primary
 and fully diluted:
 Net income before extraordinary
 item and cumulative effect of
 accounting change $.14 $.11
 Net income .16 .11
 Weighted average shares outstanding 3,661 3,608
 /delval/
 -0- 4/27/93
 /CONTACT: Martin Thorner, chief financial officer of Liberty Technologies, 215-834-0330/


CO: Liberty Technologies, Inc. ST: Pennsylvania IN: SU: ERN

CC-MJ -- PH041 -- 1646 04/27/93 17:14 EDT
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Date:Apr 27, 1993
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