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MAGNETECH CORPORATION TO INCREASE CAPACITY AT DUPLICATING FACILITY

 FORT LAUDERDALE, Fla., June 30 /PRNewswire/ -- MagneTech Corporation (NASDAQ: TAPE) announced plans to increase capacity at its Hi-Speed duplicating facility in Indianapolis by another 50 percent over the next 60 days. According to Jack Brown, president of MagneTech, the increase is in addition to the capacity added in the last six months and effectively doubles the available output over the last 12 months. Both the Fort Lauderdale and Indianapolis plants are operating on a 24-hour basis. "The additional equipment gives us the capacity to double our sales over the next 12 months to a minimum of $25-30 million," said Brown.
 In its last reported fiscal year ended June 30, 1992, MagneTech recorded sales of $4.8 million. Revenues are expected to more than triple to $15 million for the fiscal year ending this month.
 -0- 6/30/93
 /CONTACT: D. Courtney of MagneTech Corporation, 305-835-2214/
 (TAPE)


CO: MagneTech Corporation ST: Florida, Indiana IN: SU:

RC-AW -- FL008 -- 7178 06/30/93 12:52 EDT
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Publication:PR Newswire
Date:Jun 30, 1993
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