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AMERICAN FILM POSTS HIGHER REVENUES IN FIFTH CONSECUTIVE PROFITABLE QUARTER

 AMERICAN FILM POSTS HIGHER REVENUES
 IN FIFTH CONSECUTIVE PROFITABLE QUARTER
 NORTH HOLLYWOOD, Calif., Nov. 10 /PRNewswire/ -- American Film Technologies Inc. (NASDAQ: AFTI) reported sharply higher revenues and its fifth consecutive profitable quarter for the period ended Sept. 30, 1992. First quarter revenues advanced to $3,972,000 from $3,358,000 in the same period a year ago. Net income was $173,000, or 2 cents per share, compared to $252,000, or 2 cents per share, in last year's first quarter.
 Joseph Taritero, chairman and chief executive officer, commented: "The first three months of fiscal 1993 continues the positive trend of fiscal 1992's four quarters, although increases in certain expenses associated with that growth did temporarily impact net income.
 "In response to the rising demand for our computer-assisted animation, we have added personnel including several key executives as part of our expansion drive. Also, in the last few months we moved various executive offices and functions from Pennsylvania to California, completing the move we began last year.
 "Our film coloring operation continued to grow in the first quarter, as we reaped the benefits of our position as the low-cost producer of top quality work. Our revenue increase also reflects the profitable sale of a portion of our library of films we colored and copyrighted in the past.
 "We are seeking out additional markets where we can apply our proven coloring technology. We control about 80 percent of the film coloring in the United States, and recently our partner in our planned animation studio in China, Tsuburaya Productions Co. Ltd., agreed to be exclusive sales agent for our coloring services in Asia.
 "With the assistance of Tsuburaya in the substantial Japanese and Far Eastern markets, we expect to build on our established successes in coloring black-and-white films in the United States and Europe. We also see a large potential in all three markets for coloring black-and-white television shows.
 "While we continue to believe there are many worldwide opportunities for our film coloring operations, the main engine for our expansion remains our computer-assisted animation. We recently announced two new projects using our unique Integrated Digital Animation System. We are producing a 30-minute primetime animated special, 'The Magic Paintbrush,' for McDonald's and Marvel Productions. In addition, we will be producing a half-hour pilot for TSR, the board game company best known for creating 'Dungeons & Dragons.'
 "Both projects will be completed early in 1993. The 'Magic Paintbrush' is scheduled to be aired on CBS in early spring. The TSR project will include not only digital animation, but also live action characters, 3-D animation and other special effects our system can create.
 "In addition to these projects, we are using our IDA system to provide ink, paint, special effects and compositing for 'We're Back,' Steven Spielberg's next animated feature film, which is being produced by Amblin Entertainment in association with Universal Pictures, and will be released in 1993.
 "With these high-profile projects, on top of the success of Gahan Wilson's 'Diner,' the first theatrical short ever produced completely on a computer system, we see outstanding opportunities for growth, not only this year, but in the years ahead."
 American Film Technologies Inc. is headquartered in Los Angeles with offices in New York and production facilities in San Diego and Tijuana, Mexico. The company produces integrated digital animation and special effects for television and feature films. Breakthrough projects include the first animated short subject film to be completed entirely on an all-digital computer system -- Gahan Wilson's "Diner," to be released by Fox Film Corp. Founded in 1985, AFTI is also the dominant supplier of film coloring services to the entertainment industry.
 AMERICAN FILM TECHNOLOGIES INC.
 (Unaudited Results of Operations)
 Three Months Ended Sept. 30,
 1992 1991
 Revenues $3,972,000 $3,358,000
 Net income $173,000 $252,000
 Net income per share $.02 $.02
 Weighted average
 shares outstanding 10,773,000 10,773,000
 -0- 11/10/92
 /CONTACT: Joseph Taritero, chairman and CEO of American Film Technologies, 818-763-7100/
 (AFTI) CO: American Film Technologies Inc. ST: California IN: ENT SU: ERN


JB-JL -- LA006 -- 9386 11/10/92 15:11 EST
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Date:Nov 10, 1992
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