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ATRIX INTERNATIONAL ANNOUNCES FOURTH QUARTER AND YEAR-END RESULTS

 ATRIX INTERNATIONAL ANNOUNCES FOURTH QUARTER AND YEAR-END RESULTS
 MINNEAPOLIS, Oct. 7 /PRNewswire/ -- Atrix International, Inc. (NASDAQ: ATXI) today reported its results of operations for the fourth quarter ended June 30, 1992. Net sales were $1,438,333 compared with net sales of $1,219,573 for the same period in the prior year. The company reported a net loss of $202,175, or $.04 per share for the three months ended June 30, 1992. This compares to a net loss of $150,914 or $.04 per share for the same quarter last year. The fourth quarter of fiscal 1992 absorbed $206,000 of annual charges and $30,000 of third quarter charges. Adjusted income from operations and net loss for the three months ended June 30, 1992 were $4,323 and $22,957 respectively. The loss from operations for the same period in the prior year was $181,990.
 For the year ended June 30, 1992, net sales were $4,169,198 compared to sales of $4,451,684 for the previous year. Atrix reported a net loss of $935,587 or $.21 per share for fiscal 1992. This compares to a net loss of $368,727 or $.11 per share for fiscal 1991.
 Atrix President and CEO Clifford B. Meacham reported that the annual loss was very disappointing and was due to several factors: sales declined by six percent as a result of the downturn in the economy and increased competition; R3 Office Machine Monitor sales failed to develop to expectations; gross profit was down by three percent of sales due to cost increases for material; operating expenses increased by eight percent due to R3 patent amortization and large one-time charges were incurred for the terminated acquisition of Ames Supply Company and the personnel recall from the Netherlands office.
 According to Meacham, "We have taken strong measures to return to profitability in 1993. Last year acquisitions took too much time. This year we are focusing on our core business of customers, products and markets." Meacham listed the measures taken to include developing additional marketing partners for joint ventures, as has been done with Sears Roebuck and Company, making efforts to achieve R3 sales, introducing new products and services, undertaking cost reductions and making management team additions and replacements. He also said that the cost reductions taken the second half of fiscal 1992 have shown positive results in the fourth quarter of that year and in the first quarter of fiscal 1993.
 Atrix International is a worldwide supplier to field service technicians in the computer and electronics industries. The company manufactures and markets printed circuit board transport cases, vacuums for copier and laser printer maintenance, static protection products, and remote monitoring and telemetry systems. The company is a distributor of electronic hand tools as well as a full line of instrumentation and diagnostic products. Atrix also assembles custom tool kits.
 Atrix International is traded on NASDAQ under the symbol ATXI.
 ATRIX INTERNATIONAL, INC.
 Statements of Operations
 Three Months Ended Year Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Net sales $1,483,333 $1,219,573 $4,169,198 $4,451,684
 Cost of sales 1,038,477(a) 830,596 2,930,937 2,997,824
 Gross profit 399,856 388,977 1,238,261 1,453,860
 Selling, general and
 administrative expenses 574,751(b) 570,967 1,955,365 1,808,549
 Income (loss) from
 operations (174,895) (181,990) (717,104) (354,689)
 Interest expense, net 27,280 23,924 98,483 69,038
 Ames acquisition costs -- -- 120,000 --
 Income (loss) before
 income taxes (202,175) (205,914) (935,587) (423,727)
 Income tax (expense)
 benefit -- 55,000 -- 55,000
 Net income (loss) $(202,175) $(150,914) $(935,587) $(368,727)
 Net income (loss)
 per share $(.04) $(.04) $(.21) $(.11)
 Weighted average number
 of common stock
 equivalents 5,167,102 4,132,540 4,455,542 3,210,468
 (a) Includes $43,628 cost of sales for year-end physical inventory adjustment.
 (b) Includes $184,633 of annual patent and software amortization for R3 and $8,000 of prepaid expense scheduled for the third quarter.
 Adjusted fourth quarter ended June 30, 1992:
 -- gross profit: $432,577
 -- operating income: $4,323
 -- net income (loss): $(22,957)
 -0- 10/7/92
 /CONTACT: Gerald D. Rice of Atrix, 612-894-6154/
 (ATXI) CO: Atrix International, Inc. ST: Minnesota IN: CPR SU: ERN


KH -- MN013 -- 7590 10/07/92 16:44 EDT
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Date:Oct 7, 1992
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