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ADVANCE CIRCUITS ANNOUNCES RECORD SALES FOR ITS THIRD QUARTER OF FISCAL 1992 AND STOCK SPLIT

 ADVANCE CIRCUITS ANNOUNCES RECORD SALES
 FOR ITS THIRD QUARTER OF FISCAL 1992 AND STOCK SPLIT
 MINNETONKA, Minn., June 8 /PRNewswire/ -- Advance Circuits, Inc. (NASDAQ-NMS: ADVC), Minnetonka-based manufacturer of printed circuits, today announced a net income of $1,801,000 or $.34 per share for its third quarter ended May 30, 1992. Sales for the quarter of $25,066,000 represented an all-time record high and were a 7 percent increase from sales of $23,443,000 for the third quarter in fiscal 1991 which produced net income of $2,208,000 or $.40 per common share.
 For the nine months ended May 30, 1992, sales totalled $69,315,000 resulting in net income of $3,428,000 or $.65 per common share. This represents a 7 percent increase from sales of $64,908,000 for the comparable period in fiscal 1991 which produced net income of $4,184,000 or $.75 per common share.
 Robert W. Heller, president and CEO, indicated that the record third quarter sales resulted from utilization of increased production capacity as the company's equipment expansion program began coming on line. This increased capacity helped to offset the effect of decreased prices which have been prevalent in the industry. Third quarter margins improved from the first two quarters as a result of better absorption of fixed costs over the increased volume and through improving yields from the company's continuous improvement plan.
 Heller also announced that the company's board of directors had approved a 5-for-4 stock split to be effected in the form of a stock dividend. The record date for the transaction is to be June 18. Payment will be made July 2, 1992.
 The company's common stock is traded on the NASDAQ National Market System under the symbol ADVC.
 ADVANCE CIRCUITS, INC.
 CONDENSED STATEMENT OF INCOME
 (Unaudited)
 (In thousands, except per-share data)
 Three Months Ended Nine Months Ended
 5/30/92 5/25/91 5/30/92 5/25/91
 Net sales $25,066 $23,443 $69,315 $64,908
 Cost of sales 20,833 18,521 60,108 54,339
 Gross profit 4,233 4,922 9,207 10,569
 Operating expense 1,374 1,418 3,766 3,933
 Income (loss) before
 income tax 2,859 3,504 5,441 6,636
 Income taxes (benefit) 1,058 1,296 2,013 2,452
 Net income $1,801 $2,208 $3,428 $4,184
 Average number of common
 shares and equivalents
 outstanding 5,338 5,537 5,238 5,556
 Per common share $.34 $.40 $.65 $.75
 SUMMARY BALANCE SHEET
 (Unaudited)
 5/30/92 8/31/91
 Current assets $21,238 $20,756
 Other assets 18,392 16,182
 Total $39,930 $36,938
 Current liabilities 10,649 10,915
 Deferred taxes 546 546
 Net worth 28,735 25,477
 Total $39,930 $36,938
 -0- 6/8/92
 /CONTACT: Robert W. Heller of Advance Circuits, 612-935-3311/
 (ADVC) CO: Advance Circuits, Inc. ST: Minnesota IN: CPR SU: ERN


AL -- MN004 -- 7850 06/08/92 11:03 EDT
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Date:Jun 8, 1992
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