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AGRIDYNE TECHNOLOGIES REPORTS SECOND QUARTER OPERATING RESULTS

 SALT LAKE CITY, Aug. 2 /PRNewswire/ -- AgriDyne Technologies (NASDAQ: AGRI) today announced its operating results for the second quarter and first half of 1993.
 For the company's second quarter ended June 30, 1993, AgriDyne recorded a net loss of $1.3 million, or 20 cents per share, on revenues of $287,000. For the second quarter of the prior year, the company lost $1.7 million, or 27 cents per share, on revenues of $222,000.
 For the six months ended June 30, 1993, the company recorded a net loss of $2.8 million on sales of $833,000. For the prior year's six- month period, the company lost $3.1 million on sales of $825,000. The results for the second quarter and the first half of 1993 are consistent with company expectations. Costs and expenses for the second quarter were 12 percent less than the comparable period last year and 3 percent below the six-month period of 1992.
 In June 1993, the company received registration and marketing clearance from the U.S. Environmental Protection Agency for the use of neem-based bioinsecticides on all food and feed crops, which will be introduced under the tradename Align(R).
 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 Second Quarter And First Half Results
 1993-1992
 (Unaudited)
 Quarter Ended First Half Ended
 June 30, June 30,
 1993 1992 1993 1992
 Total revenue $287,389 $221,765 $833,463 $824,714
 Costs and
 expenses 1,882,598 2,136,093 4,178,081 4,307,992
 Operating losses (1,595,209) (1,914,328) (3,344,618) (3,483,278)
 Total other
 income, net 268,248 193,959 502,352 334,353
 Net loss ($1,326,961) ($1,720,369) ($2,842,266) ($3,148,925)
 Net loss per
 common share ($0.20) ($0.27) ($0.44) ($0.53)
 Weighted average
 common shares
 outstanding 6,509,920 6,488,220 6,508,119 5,959,036
 NOTE: Cash, cash equivalents and marketable securities for AgriDyne were: $13,494,142, at June 30, 1993; $17,068,968 at Dec. 31, 1992; and $20,522,766 at June 30, 1992.
 -0- 8/2/93
 /CONTACT: Eric Hale or Willem Spiegel of AgriDyne Technologies Inc., 801-583-3500/
 (AGRI)


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

EH-xx -- LA016 -- 8309 08/02/93 11:07 EDT
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Date:Aug 2, 1993
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