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MAGNETECH REPORTS HIGHER REVENUES, EARNINGS

MAGNETECH REPORTS HIGHER REVENUES, EARNINGS
    FORT LAUDERDALE, Fla., Sept. 30 /PRNewswire/ -- MagneTech Corporation (NASDAQ: TAPE) reported sales for the year ended June 30, 1992 rose 40 percent to $4,802,203 vs. $3,362,460 in 1991.  Net earnings increased 21 percent to $284,375 vs. $234,483 in 1991.
                      MAGNETECH CORPORATION
                                   Year ended June 30,
                                1992                1991
    Sales                    $4,802,203          $3,362,460
    Pre-Tax                     448,375             369,483
    Net                      $  284,375          $  234,483
    -0-             09/30/92
    CONTACT:  D.E. Courtney of MagneTech Corporation, 305-835-2214
    (TAPE) CO:  MAGNETECH CORPORATION SU:  ERN ST:  FL -- FL012 -- X690  09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
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