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OPTELECOM, INC., ANNOUNCES RECORD 2ND QUARTER RESULTS

 OPTELECOM, INC., ANNOUNCES RECORD 2ND QUARTER RESULTS
 GAITHERSBURG, Md., Aug. 3 /PRNewswire/ -- Optelecom, Inc.,


(NASDAQ: OPTCD) today announced record revenue and profit figures for the quarter ended June 30, 1992.
 Three Months Three Months
 Ended Ended
 June 30, 1992 June 30,1991
 Revenue $ 1,735,942 $ 1,215,271
 Net Income $ 221,962 $ 24,362
 Earnings Per Share
 Pre-1 for 3 Reverse $ .07 $ .01
 Split
 Earnings Per Share
 Post-1 for 3 Reverse
 Split $ .20 $ .02
 Six Months Six Months
 Ended Ended
 June 30, 1992 June 30, 1991
 Revenue $ 2,972,499 $ 2,303,357
 Net Income $ 257,063 $ 28,674
 Earnings Per Share
 Pre-1 for 3 Reverse
 Split $ .08 $ .01
 Earnings Per Share
 Post-1 for 3 Reverse
 Split $ .23 $ .02
 These figures are the result of a combination of factors including higher than expected shipments and lower production costs for the Communication Products Division and the successful completion of an Air Force contract for laser illuminators by the Research and Development Division.
 "These results far exceed those of any previous quarter in the 20-year history of the company," said Dr. William Culver, chairman. "Although we do not anticipate that the remainder of the year will continue at this record pace, we do expect the overall financial trend to be very positive."
 -0- 8/3/92
 /CONTACT: Dr. William H. Culver, chairman, or Edmund D. Ludwig, president and CEO, Optelecom, Inc., 301-840-2121/
 (OPTCD) CO: Optelecom, Inc. ST: Maryland IN: TLS SU: ERN


KD -- DC010 -- 6109 08/03/92 11:37 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 3, 1992
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