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WAVEMAT INC. REPORTS RESULTS FOR ITS SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 1992

 WAVEMAT INC. REPORTS RESULTS FOR ITS SECOND QUARTER
 AND SIX MONTHS ENDED JUNE 30, 1992
 PLYMOUTH, Mich., Aug. 27 /PRNewswire/ -- Wavemat Inc. today announced results for its second quarter and six months ended June 30, 1992. Operating revenue decreased for the 1992 three- and six-month periods, compared to the corresponding periods of 1991, due to declining microwave processing system sales and decreased contract research and development activities.
 "Wavemat continues to make solid progress toward its goal of expanding the market for its microwave products -- a step necessary to achieve growth and consistent profitability," said Raymond F. Decker, chairman of Wavemat. "During this economic downturn, we have taken the opportunity to improve products and invest in a promotional campaign to position our products as the systems of choice when the market rebounds."
 WAVEMAT INC.
 Condensed Statements of Operations
 (Unaudited)
 For the Three Months For the Six Months
 Ended June 30, Ended June 30,
 1992 1991 1992 1991
 Operating revenue $167,823 $405,521 $427,875 $593,806
 Operating loss ($213,149) ($169,089) ($383,541) ($391,805)
 Net loss ($211,943) ($187,273) ($395,395) ($430,113)
 Net loss per share
 of common stock ($0.08) ($0.13) ($0.18) ($0.31)
 Weighted average no.
 of common shares
 outstanding 2,684,452 1,409,488 2,195,074 1,407,603
 Wavemat Inc. designs, manufactures and markets proprietary microwave equipment for processing of advanced materials. Products range from standard modules for process research and development, to products for production integration and turnkey development systems incorporating Wavemat's patented technology.
 -0- 8/27/92
 /CONTACT: Yvonne L. Bova, investor relations director, Wavemat, 313-873-7800/
 (WVMT) CO: Wavemat Inc. ST: Michigan IN: SU: ERN


ML -- DE012 -- 3867 08/27/92 10:35 EDT
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Date:Aug 27, 1992
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