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BRAJDAS CORP. ANNOUNCES RESULTS

                   BRAJDAS CORP. ANNOUNCES RESULTS
    SAN JOSE, Calif., Oct. 19 /PRNewswire/ -- Brajdas Corp. (OTC)


today announced financial results for its second quarter and six months ended Aug. 29, 1992. The company's net loss for the quarter was $1,388,000, or $.14 per share, compared with a net loss of $3,103,000, or $1.10 per share, on fewer shares outstanding, for the same period a year ago. Sales for the quarter rose to $10,134,000 from $9,595,000 for the corresponding year's quarter, a rise of 5.6 percent.
    The net loss for the six months ended Aug. 29, 1992 was reduced to $1,927,000, or $.20 per share, from $3,452,000, or $1.23 per share, on fewer shares outstanding in the prior year period. Operating losses in the fiscal 1993 period would have been significantly lower exclusive of a $746,000 writeoff in previously deferred merger expenses.  Sales for the six months of fiscal 1993 were $20,428,000 vs. $20,477,000 in the same period last year.
    Brajdas Corp. is primarily engaged in the wholesale distribution of electronic components through its principal division, Cypress Electronics, which is based in Santa Clara, Calif.
                            BRAJDAS CORP.
                       Statement of Operations
                             (Unaudited)
                For the Three Months Ended  For the Six Months Ended
                  Aug. 29,      Aug. 31,     Aug. 29,      Aug. 31,
                    1992          1991         1992          1991
    Sales       $10,134,152    $9,594,500   $20,427,975  $20,476,706
    Cost of
     sales        7,782,310     9,845,908    15,634,144   18,079,805
    Gross profit  2,351,842      (251,408)    4,793,831    2,396,901
    Selling,
     general and
     adminis-
     trative      2,755,877     2,418,909     5,501,855    4,976,120
    Operating
     income (loss) (404,035)   (2,670,317)     (708,024)  (2,579,219)
    Other Income
     (Expenses):
     Interest
      expense      (238,684)     (432,356)     (466,289)    (872,673)
     Other income
      (expenses)        ---           ---        (6,675)         ---
     Writeoff
      deferred
      merger
      expense      (745,573)          ---      (745,573)         ---
    Other expenses,
     net           (984,257)     (432,356)   (1,218,537)    (872,673)
    Net loss    ($1,388,292)  ($3,102,673)  ($1,926,561) ($3,451,892)
    Loss per
     common share    ($0.14)       ($1.10)       ($0.20)      ($1.23)
    Weighted average
     number of
     common shares
     outstanding  9,715,684     2,815,684     9,715,684    2,815,684
    -0-                    10/19/92
    /CONTACT:  Donald I. Zimmerman of Brajdas, 415-461-2440; or Cecilia A. Wilkinson or Susan Klein of Pondel, Parsons & Wilkinson, 310-207-9300, for Brajdas/ CO:  Brajdas Corp. ST:  California IN:  CPR SU:  ERN 421 10-19-92 15:07 EDT LS-KJ -- LA020 -- 1739 10/19/92 15:11 EDT
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Publication:PR Newswire
Date:Oct 19, 1992
Words:431
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