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NORTHSTAR COMPUTER FORMS, INC. REPORTS RECORD SALES FOR SECOND QUARTER

 MINNEAPOLIS, May 19 /PRNewswire/ -- Northstar Computer Forms, Inc., (NASDAQ: NSCF), announced record sales of $5,162,273 for the second quarter ended April 30, 1993, an increase of 1.8 percent over second quarter sales of the prior year. Net income was $288,026, a decrease of 1.3 percent from second quarter profits of $291,811 for the same period last year. Earnings per share were $.16 compared to 1992 second quarter of $.17.
 For the first two quarters, sales are $9,999,327 compared to 1992 sales for the same period of $9,586,585, an increase of 4.3 percent. Net income rose 1.1 percent from $454,996 to $460,142. Earnings per share remain unchanged at $.26.
 President Roger Bredesen reported that sales and profits are slightly ahead of budget for financial forms while the traditional business forms are slightly below budget. "We are pleased with our sales and production's ability to stay abreast of last year's record performance. Our volume of business slowed in February and March but came back strong in April. Backlogs for the third quarter appear to have us back on budget if our traditional forms activity is strong."
 Northstar has set sales records six of the last seven quarters. The company has reported profitable results for the past 23 consecutive years and has paid shareholder dividends without interruption since 1977. The company provides business forms to a regional market and financial forms to a national market.
 SUMMARIZED STATEMENT OF EARNINGS
 Second Quarter Ended
 Percent
 4/30/93 4/30/92 Change
 Sales $5,162,273 $5,071,967 1.8
 Net income $288,026 $291,811 (1.3)
 Earnings per share $.16 $.17 --
 Year-to-date
 Percent
 4/30/93 4/30/92 Change
 Sales $9,999,327 $9,586,585 4.3
 Net income $460,142 $454,996 1.1
 Earnings per share $.26 $.26 --
 -0- 5/19/93
 /CONTACT: Kenneth Overstreet, executive vice president, or Mary Ann Morin, assistant treasurer, 612-338-8601, both of Northstar/
 (NSCF)


CO: Northstar Computer Forms, Inc. ST: Minnesota IN: CPR SU: ERN

DB -- MN005 -- 0273 05/19/93 11:52 EDT
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Publication:PR Newswire
Date:May 19, 1993
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