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TAYCO DEVELOPMENTS REPORTS PROFITABLE FIRST QUARTER

 NORTH TONAWANDA, N.Y., Nov. 30 ~PRNewswire~ -- Continuing a profitable trend since it was restructured as an operating research company, Tayco Developments, Inc. (OTC: TYCO) reported today a net income of $42,505 or .04 cents a share, as against a net of $18,306 or $.025 cents a share for the first quarter ended Sept. 30, 1991. The sizable increase in revenues this quarter was attributed to equity in net income of Tayco's affiliate, Taylor Devices, Inc., as well as expanded sales and research fees for corporate and government research.
 With the widespread and frequent occurrence of earthquakes and tornadoes, Tayco Developments has stepped up its research and design for improved seismic dampers for bridges, buildings and towers. The company is cooperating with the NCEER (National Center for Earthquake Engineering Research) where Tayco's patented shock absorbers have successfully safeguarded test bridge and building structures in simulated earthquake shocks equivalent to three times those which have occurred in the western U.S. within the last century.
 Douglas P. Taylor, president of Taylor Developments said that the company had several sizable contracts pending for its earthquake dampers for use in first-time applications.
 TAYCO DEVELOPMENTS, INC.
 FINANCIAL STATEMENT
 Periods ended Sept. 30 1992 1991
 Net sales $86,141 $79,421
 Net income 17,895 18,306
 Equity in net income
 of affiliate 24,610 -- (A)
 Net income 42,505 18,306
 Per share .04 .025
 Shares outstanding 981,952 715,017
 (A) Note: Prior to restructuring, Tayco had no equity in net income of affiliate.
 -0- 11~30~92
 ~CONTACT: Douglas Taylor, president of Tayco Developments, Inc., 716-694-0800, or H.T. Rockwell of Rockwell Associates, Inc., 203-262-6596, for Tayco Associates~
 (TYCO)


CO: Tayco Developments, Inc. ST: New York IN: SU: ERN

WB-KW -- NY038 -- 1941 11~30~92 12:58 EST
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Publication:PR Newswire
Date:Nov 30, 1992
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