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BIOSAFETY SYSTEMS INCREASE SALES BY 30 PERCENT IN THIRD QUARTER

 SAN DIEGO, May 14 /PRNewswire/ -- BioSafety Systems Inc. (AMEX: BSS) reported third quarter sales of $3,696,500, an increase of 30.9 percent, from the $2,824,300 reported for the comparable fiscal 1992 period ended March 31. Sales for nine months were $11,139,900, or 43.1 percent higher than the $7,783,800 reported last year.
 The increases are primarily attributable to higher sales of the company's P2 Infection Control product line as the result of continued product line extension and the increasing regulatory requirements for healthcare workers.
 Also, sales were higher because of the new RespiratorySafety product line, which was launched in late fiscal 1992 to protect health care workers from airborne hazards, such as tuberculosis and aerosolized medication.
 Net income for the quarter of $291,000, or 9 cents per share, represents a 19.3 percent increase over the same period in the prior year. Year-to-date earnings of $860,500 (27 cents per share), are also up over the $747,100 (25 cents per share) from the previous year.
 BioSafety Systems Inc. markets, distributes, and manufacturers products to reduce risks for health care workers who administer chemotherapy drugs, deal with infected blood, face airborne contaminants or have exposure to hazardous chemicals. The San Diego company was founded in 1982 and completed an initial public offering of common shares on Feb. 11, 1993.
 BIOSAFETY SYSTEMS INC.
 Third Quarter Results
 Three months ended Nine Months ended
 March 31, March 31,
 1993 1992 1993 1992
 Summary of Income
 Sales $3,696,500 $2,824,300 $11,139,900 $7,783,800
 Cost of sales 2,106,500 1,593,800 6,303,400 4,385,100
 Gross profit 1,590,000 1,230,500 4,836,500 3,398,700
 Selling, general
 & administrative 1,246,400 949,700 3,749,900 2,533,600
 Operating income 343,600 280,800 1,086,600 865,100
 Interest expense 22,000 16,600 100,400 60,900
 Income before income
 taxes 321,600 264,200 986,200 804,200
 Income taxes 30,600 20,200 125,700 57,100
 Net income $291,000 $244,000 $860,500 $747,100
 Weighted average
 common shares 3,360,000 3,007,000 3,138,000 2,994,000
 Earnings per share $.09 $.08 $.27 $.25
 March 31, 1993 March 31, 1992
 Summary of Financial Position
 Current assets $5,871,800 $2,307,700
 Other assets 423,300 373,400
 Total assets $6,295,100 $2,681,100
 Current liabilities $968,800 $1,261,900
 Long-term debt 25,900 372,200
 Shareholders' equity 5,300,400 1,047,000
 Total liabilities & equity $6,295,100 $2,681,100
 -0- 5/14/93
 /CONTACT: Henry D. Kraus of BioSafety Systems, 619-452-3500/
 (BSS)


CO: BioSafety Systems Inc. ST: California IN: HEA MTC SU: ERN

BP-LS -- SD007 -- 8409 05/14/93 07:00 EDT
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Publication:PR Newswire
Date:May 14, 1993
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