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ASTROTECH INTERNATIONAL CORPORATION REPORTS RESULTS FOR THE THIRD QUARTER ENDED JUNE 30, 1992

 ASTROTECH INTERNATIONAL CORPORATION REPORTS RESULTS
 FOR THE THIRD QUARTER ENDED JUNE 30, 1992
 PITTSBURGH, Aug. 4 /PRNewswire/ -- S. Kent Rockwell, Chairman and Chief Executive Officer of Astrotech International Corporation (AMEX: AIX) today announced that Astrotech reported net income of $729,000 on revenues of $12.1 million for the third quarter ended June 30, 1992. This compares with net income of $339,000 on revenues of $10.7 million for the comparable quarter last year.
 For the nine-months ended June 30, 1992, Astrotech had net income of $2.8 million on revenues of $39.1 million. This compares with net income of $1.6 million on revenues of $28.4 million for the comparable nine-month period of last year.
 Astrotech's net income per common share, assuming full dilution, was $0.09 and $0.33 per share for the third quarter and nine months ended June 30, 1992, respectively. This compares with net income per common share, assuming full dilution, of $0.04 and $0.20 per share for the comparable periods last year.
 Mr. Rockwell said that "our record performance for the quarter continues to reflect our customers' commitments to meet the environmental standards now set for their industry. While we have seen some deferrals of larger expenditures in recent months, we do not foresee any major changes in overall demand for our products and services in the intermediate term and fully expect fiscal 1992 will be a record year for both revenues and earnings."
 Astrotech is a leading supplier of proprietary products and services for the inspection, maintenance and repair of large aboveground storage tanks located primarily at petroleum and petrochemical terminals, refineries and pipeline facilities. These services and products enable its customers to comply with increasingly stringent environmental regulations and to improve operating efficiencies.
 Astrotech's common stock, $1.20 cumulative convertible preferred stock and warrants currently trade on the American Stock Exchange under the symbols AIX, AIXpf and AIXws, respectively. Each outstanding share of preferred stock is entitled to an annual dividend of $1.20 payable quarterly, and is convertible, at the option of the holder, into 4.73 shares of common stock during the five days ending September 30, 1992. On October 31, 1992, each share of preferred stock not previously converted into common stock will automatically be converted into 4.70 shares of common stock.
 ASTROTECH INTERNATIONAL CORPORATION
 EARNINGS SUMMARY
 (Unaudited)
 Three Months Ended
 (in thousands, June 30,
 except share data) 1992 1991
 Net sales and revenues $ 12,146 $ 10,725
 NET INCOME 729 339
 Preferred stock dividends (57) (84)
 Net income applicable to common shares $ 672 $ 255
 Earnings per common share -
 assuming full dilution:
 Net income $ .09 $ .04
 Weighted average shares outstanding 8,483,602 7,980,437
 Nine Months Ended
 (in thousands, June 30,
 except share data) 1992 1991
 Continuing operations:
 Net sales and revenues $ 39,081 $ 28,419
 Income from continuing operations 2,398 1,116
 Discontinued operations:
 Gain on sale of assets of Astrotech Space
 Operations, Inc. 379 470
 NET INCOME 2,777 1,586
 Preferred stock dividends (190) (686)
 Net income applicable to common shares $ 2,587 $ 900
 Earnings per common share -
 assuming full dilution:
 Income from continuing operations $ .28 $ .14
 Net income $ .33 $ .20
 Weighted average shares outstanding 8,426,183 7,945,034
 -0- 8/4/92
 /CONTACT: Raymond T. Royko, Vice President and Secretary, Astrotech International Corporation, 412-391-1896/
 (AIX) CO: Astrotech International Corporation ST: Pennsylvania IN: OIL SU: ERN


JG-SB -- PG005 -- 6537 08/04/92 09:56 EDT
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Date:Aug 4, 1992
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