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TVI CORPORATION EMERGES OUT OF BANKRUPTCY PROTECTION AND POSTS RECORD PROFITS

 BELTSVILLE, Md., July 27 /PRNewswire/ -- TVI Corporation, after emerging from Chapter 11 Bankruptcy Protection on April 19, 1993, today reported record profits for any six-month period in the company's 15-year history. For the six-month period ending June 30, 1993, adjusted gross income increased 70 percent to $2,270,000 as compared to $1,333,000 million for the same period in 1992. Net income for this six-month period in 1993 was $572,930, an increase of 400 percent, as compared to net income of $140,367 for the same period in 1992. The company successfully sold all the stock offered for sale in the limited stock offering allowed under the SEC 1145 Exemption to the U.S. Bankruptcy Code. The offering raised capital in excess of $800,000 and was completed on June 19, 1993. TVI's new symbol for its common stock is TVIN and the new CUSIP Number is 872916-10-1. This new TVI common stock can be traded on the NASDAQ Pink Sheets and the OTC Electronic Bulletin Board.
 TVI manufactures and markets its patented thermal-signature targets for tank gunnery training and heat-seeking missile testing. The company also makes military decoys and multi-spectral surrogates. Other products include quick-erect shelters that can be deployed in less than 5 minutes and are currently being sold to the U.S. Army. TVI also makes camouflage and other deception products including stealth and thermal suppressing material. Commercial products include recreational tents, quick-erect shelters for flood and disaster victims and TVI's patented radiant heating panels for residential and commercial establishments.
 -0- 7/27/93
 /CONTACT: Brent Molovinsky of TVI Corporation, 800-795-9233, or 301-595-9233/
 (TVIN)


CO: TVI Corporation ST: Maryland IN: ARO SU: ERN

TS-OS -- NY080 -- 6377 07/27/93 15:53 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
Words:288
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