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BARRINGER TECHNOLOGIES REPORTS YEAR END RESULTS; SALES FOR 1991 INCREASE 62 PERCENT

 BARRINGER TECHNOLOGIES REPORTS YEAR END RESULTS;
 SALES FOR 1991 INCREASE 62 PERCENT
 SOUTH PLAINFIELD, N.J., April 2 /PRNewswire/ -- Barringer Technologies, Inc. (NASDAQ: BARR, BARRU, BARRW) today reported for the year ended Dec. 31, 1991 sales of $1,963,000 compared to sales of $1,212,000 for the prior year, an increase of 62 percent. These sales figures do not include the revenue of Barringer Laboratories, Inc. (NASDAQ: BALB) which is 49 percent owned by Barringer Technologies. The net loss from continuing operations was $3,324,000 or $.46 per share compared to a loss of $2,163,000 or $.37 per share for the prior year. The recognized loss from discontinued operations was $339,000, or $.05 per share for 1991, and $302,000 or $.05 per share for 1990.
 Stanley Binder, president of Barringer Technologies stated, "The 62 percent increase in revenues during 1991 is attributable to the fifteen Ionscan drug and explosives detectors that were delivered during the year. The increased loss was attributable to the intensified level of sales and marketing effort and initial start-up of manufacturing. Management believes that 1992's results will begin to show a return on the investment made in the last two years.
 Headquartered in South Plainfield, N.J., Barringer Technologies, Inc. is a holding company with two operating entities. Barringer Instruments, Inc. develops, manufactures and markets specialty analytical instruments for security, law enforcement, exploration and environmental applications. Barringer Laboratories, Inc. 49 percent owned, provides analytical testing services for the environmental and minerals industries.
 BARRINGER TECHNOLOGIES, INC.
 Consolidated Results of Operations
 Years ended Dec. 31 1991 1990
 Net sales $1,963,000 $1,212,000
 (Loss) From:
 Continuing operations (3,324,000) (2,163,000)
 Discontinued operations (339,000) (302,000)
 Net (loss) (3,663,000) (2,465,000)
 Net Loss Per Share
 Continuing operations (.46) (.37)
 Discontinued operations (.05) (.05)
 Total net loss per share (.51) (.42)
 Weighted average shares
 outstanding 7,446,000 6,064,000
 (A)Preferred stock dividends 103,000 78,000
 (A) Paid in shares of common stock
 -0- 4/2/92
 /CONTACT: Stanley Binder of Barringer Technologies, 908-561-6000, or Leonardo Zangani of L. G. Zangani, 908-788-9660, for Barringer/
 (BARR) CO: Barringer Technologies, Inc. ST: New Jersey IN: SU: ERN


SM-OS -- NY016 -- 4388 04/02/92 12:31 EST
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Publication:PR Newswire
Date:Apr 2, 1992
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