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VERTEX INDUSTRIES, INC. REPORTS RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 1993

 CLIFTON, N.J., Oct. 29 /PRNewswire/ --Vertex Industries, Inc. (NASDAQ: VETX), reported today net income of $390,881 or $.09 per share on revenues of $4,701,177 for the fiscal year ended July 31, 1993, compared to a net loss of $10,396 or $(.01) per share on revenues of $3,429,907 a year ago. For the fourth quarter of fiscal 1993 the company had a loss of $81,056 or $(.02) per share on revenues of $1,007,661 compared to a loss for the fourth quarter a year ago of $183,808 or $(.05) per share on revenues of $573,445. There were 4,402,662 shares (weighted) outstanding for the fiscal 1993 periods and 4,058,860 (weighted, adjusted for 2-for-1 split) for the periods in fiscal 1992.
 In making the announcement, James Q. Maloy, president, said that revenues for fiscal 1993 increased as a result of increased sales of its bar code equipment and Bridge.Net data collection management software.
 VERTEX INDUSTRIES, INC.
 Selected Financial Highlights
 Audited
 3 Months Ended 7/31: 12 months Ended 7/31:
 1993 1992 1993 1992
 Revenues $1,007,661 $573,445 $4,701,177 $3,429,907
 Extraordinary Gain --- --- $ 183,044 ---
 Net Income (Loss) ($81,056) $(183,808) $390,881 $ (10,396)
 Per Share Income
 (Loss) before
 extraordinary gain $ (.02) $ (.05) $ .05 $ (.01)
 Extraordinary gain --- --- $ .04 ---
 Net Income (Loss) $ (.02) $ (.05)(A) $ .09 $ (.01)(A)
 Shares Outstanding
 weighted 4,402,662 4,058,860 4,402,662 4,058,860
 (A) -- Readjusted for a 2-for-1 split.
 -0- 10/29/93
 /CONTACT: James Q. Maloy, president of Vertex Industries, 201-777-3500, or John Swanson of Swanson Communications, Inc., 212-683-4890/
 (VETX)


CO: Vertex Industries, Inc. ST: New Jersey IN: MTC SU: ERN

MP-TS -- NY077 -- 8651 10/29/93 15:48 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:300
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