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TAYCO DEVELOPMENTS REPORTS SALES AND EARNINGS CONTINUE CLIMB IN THIRD QUARTER

 TAYCO DEVELOPMENTS REPORTS SALES AND EARNINGS
 CONTINUE CLIMB IN THIRD QUARTER
 NORTH TONAWANDA, N.Y., May 4 /PRNewswire/ -- Tayco Developments, the affiliate of Taylor Devices, Inc. (NASDAQ: TAYD), restructured from a holding company into a profit-making operating research and development facility less than a year ago, today reported a continuing up-trend in sales and net earnings.
 Douglas P. Taylor, president, announced sales of $80,423 and net earnings of $10,688 for the third fiscal quarter and nine months sales of $226,876 with net earnings of $31,752, ended March 31, 1992. This compares with sales of $43,894 and a loss of ($61,610) for the entire previous fiscal year.
 "Tayco is finding new areas of customer interest for its patents and designs," Taylor said. "New and improved concepts of shock isolation are helping the U.S. Navy meet budget demands for smaller, yet faster, more maneuverable ships and submarines. Also, excellent test results indicate that Tayco products may play a vital role in the containment of earthquake and seismic shock on bridges and old and new structures. Tayco is currently analyzing the potential for such applications and developing marketing plans to capitalize on these designs."
 TAYCO DEVELOPMENTS, INC.
 Previous Fiscal
 Periods ended Quarter Nine months Year (A)
 3/31/92 3/31/92
 Sales $80,423 $226,876 $43,894
 Net earnings 10,688 31,752 (61,610)
 Earnings per share $ .01 $ .03 $ (.08)
 Shares outstanding 982,001 982,001
 (A) Quarterly results not available for previous fiscal year.
 -0- 5/4/92
 /CONTACT: Douglas Taylor, president or Frank Sorto, treasurer of Tayco Developments, 716-694-0877/
 (TAYD) CO: Tayco Developments, Inc. ST: New York IN: SU: ERN


TQ-SH -- NY082 -- 6138 05/04/92 14:44 EDT
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Publication:PR Newswire
Date:May 4, 1992
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