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AGRIDYNE TECHNOLOGIES REPORTS FIRST QUARTER OPERATING RESULTS

 SALT LAKE CITY, May 5 /PRNewswire/ -- AgriDyne Technologies Inc. (NASDAQ: AGRI) today announced its quarterly operating results for the first quarter of 1993.
 For the company's first quarter ended March 31, 1993, AgriDyne lost $1.52 million, or 23 cents per share, on revenues of $546,000. For the prior year's comparable first quarter, the company lost $1.43 million, or 26 cents per share, on revenues of $603,000.
 The results for the first quarter were in line with company expectations. Total revenues were down slightly over the prior year period because of a non-recurring sale of genetic services in 1992 from a contract with a former research collaborator. Product revenues, however, increased 87 percent as a result of the initial launch of Turplex(TM) biopesticide through O.M. Scott & Sons and higher than expected sales of Gibrel(TM) gibberellic acid in Latin America.
 "The response to our environmentally compatible bioinsecticides from the grower community and our marketing partners continues to be very positive," said Eric B. Hale, AgriDyne president and chief executive officer. "We expect the current favorable sales trend to moderate, however, until the availability of bioinsecticide raw materials is sufficient to expand the distribution of our current registered products.
 "We are moving forward with plans to establish a jointly owned and managed facility to produce azadirachtin with our partner, Tata Oil Mills Company Ltd., of Bombay, India," Hale said. "At the same time, we're continuing with our strategy to develop additional azadirachtin sources in multiple countries outside India. These steps are being taken in order to ensure the availability of essential raw materials to meet products needs and to effectively serve our customers and shareholders."
 Based in Salt Lake City, AgriDyne Technologies Inc. is committed to solving pest control and plant care needs through the development and marketing of innovative, environmentally compatible crop protection products.
 AGRIDYNE TECHNOLOGIES INC.
 Consolidated Condensed
 First Quarter Results, 1993-1992
 (Unaudited)
 First Quarter Ended
 March 31,
 1993 1992
 Total revenue $546,074 $602,949
 Costs and expenses 2,295,483 2,171,899
 Operating losses (1,749,409) (1,568,950)
 Total other income, net 234,104 140,394
 Net loss ($1,515,305) ($1,428,556)
 Net loss per common share ($0.23) ($0.26)
 Weighted average common
 shares outstanding 6,503,566 5,429,851
 Note: Cash, cash equivalents and marketable securities for AgriDyne were: $15,073,694 at March 31, 1993; $17,068,968 at Dec. 31, 1992; and $21,624,558 at March 31, 1992.
 -0- 5/5/93
 /CONTACT: Eric Hale, president and CEO of AgriDyne Technologies, 801-583-3500; or David Politis of Politis & Associates Inc., 801-364-4649 (work), or 801-572-1371 (home), for AgriDyne Technologies/
 (AGRI)


CO: AgriDyne Technologies Inc. ST: Utah IN: AGR ENV SU: ERN

JB-MS -- LA024 -- 4926 05/05/93 14:02 EDT
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Date:May 5, 1993
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