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AEQUITRON MEDICAL SECOND QUARTER EARNINGS BOOSTED BY SETTLEMENT WITH VENDOR

               AEQUITRON MEDICAL SECOND QUARTER EARNINGS
                   BOOSTED BY SETTLEMENT WITH VENDOR
    MINNEAPOLIS, Nov. 12 /PRNewswire/ -- Aequitron Medical, Inc. (NASDAQ: AQTN) announced today net income for the second quarter ended Oct. 31, 1991 of $453,200, or $.10 per share, on sales of $6,390,700. This compares with a net income of $325,400, or $.07 per share, on record sales of $7,012,600 for the second quarter of fiscal 1991.
    Net income for the second quarter of fiscal 1992 includes $305,700, or $.065 per share, resulting from the company's previously announced settlement of a claim against one of Aequitron's vendors.
    For the six months ended Oct. 31, 1991, Aequitron reported sales of $12,524,900 compared to sales of $13,895,900 for the same period a year ago.  Net earnings for the period were $517,400, or $.11 per share, compared with net earnings of $712,000, or $.15 per share, for the same period last year.
    Aequitron President and Chief Executive Officer Curtis J. Olson said, "While sales continue to trail behind the record levels achieved last year, we are pleased that our revenues improved from the first quarter to the second quarter of the current fiscal year.  Our customers continue to feel the effects of the current economic conditions in the United States as it impacts their capital equipment spending plans.  Our customers are also experiencing increased budget pressures as state governments reduce their reimbursement programs.
    "The decline in sales that we have experienced has come from all major product groups with the exception of our Crow River Industries subsidiary where wheelchair lift and automobile hand control sales have increased over last year's levels," Olson said.  He added, "While we remain concerned about the U.S. economy, we are beginning to see some improvement in monitor and ventilator sales.  This factor and the expected introduction of new products to our distribution network gives us reason to believe that sales in the second half of fiscal 1992 will exceed first-half sales."
    Aequitron Medical, Inc. designs, manufactures and markets electronic products for home health care and hospital use; and wheelchair lifts and automobile hand controls for the mobility impaired.  The company's common stock is traded on the National Market System under the NASDAQ symbol AQTN.
                        AEQUITRON MEDICAL, INC.
                                       Second Quarter Ended
                                             Oct. 31,           Percent
                                       1991           1990       Change
    Net Sales                      $ 6,390,700    $ 7,012,600     - 9
    Net Income                     $   453,200    $   325,400     +39
    Net Income Per Share           $       .10    $       .07
    Weighted Average Number          4,730,766      4,689,700
      of Shares Outstanding
                                         Six Months Ended
                                             Oct. 31,            Percent
                                       1991           1990        Change
    Net Sales                      $12,524,900    $13,895,900     -10
    Net Income                     $   517,400    $   712,000     -27
    Net Income Per Share           $       .11    $       .15
    Weighted Average Number          4,730,725      4,689,700
      of Shares Outstanding
   -0-                              11/12/91
    /CONTACT:  David Neuger (home, 612-699-6730) or Ed Neuger (home, 612-929-0945), both of Edwin Neuger and Associates, 612-333-6621, for Aequitron/
    (AQTN) CO:  Aequitron Medical, Inc. ST:  Minnesota IN: SU:  ERN JS-KH -- MN015 -- 3617 11/12/91 16:37 EST
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Publication:PR Newswire
Date:Nov 12, 1991
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