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MICHIGAN RIVET CORPORATION REPORTS RESULTS

 MICHIGAN RIVET CORPORATION REPORTS RESULTS
 WARREN, Mich., June 9 /PRNewswire/ -- Michigan Rivet Corporation


announced its results of operations for the second quarter and six months ended April 30, 1992.
 Sales for the quarter ended April 30, 1992, were $7,971,000, up 33 percent from the same quarter in 1991. Net profit of $4,000 or $.01 per share compared to a net loss of ($572,000) or ($.90) per share in the comparable period a year ago.
 For the six months ended April 30, 1992, sales were $15,118,000, up 26 percent from the same period in 1991. Net loss was ($297,000) or ($.47) per share.
 MICHIGAN RIVET CORPORATION
 Three Months Ended Six Months Ended
 April 30 April 30
 1992 1991 1992 1991
 Net sales $7,971,351 $5,971,676 $15,117,646 $12,007,224
 Net income (loss) $3,677 ($571,758) ($296,983) ($1,051,500)
 Earnings (loss)
 per share $.01 ($.90) ($.47) ($1.65)
 Michigan Rivet Corporation produces specialty fasteners for the automotive industry. Its manufacturing facilities are located in Warren and Petoskey, Mich. Michigan Rivet's stock is traded on Michigan Over-the-Counter.
 -0- 6/9/92
 /CONTACT: William P. Lianos of Michigan Rivet, 313-754-5100/ CO: Michigan Rivet Corporation ST: Michigan IN: AUT SU: ERN


ML -- DE006 -- 8221 06/09/92 08:56 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
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