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CECO FILTERS, INC. CONTINUES RECORD GROWTH

 CONSHOHOCKEN, Pa., Nov. 17 ~PRNewswire~ -- Ceco Filters, Inc. (Philadelphia: CEC.X) reported today substantial increases in sales and earnings for the third quarter and nine month period ended Sept. 30, 1992.
 For the nine month period ended Sept. 30, 1992 sales were $5,278,312 an increase of 40 percent over the same period in 1991. Earnings before taxes for the nine months were $559,870 an increase of 59 percent over the comparable 1991 period.
 Sales for the third quarter were $1,861,753 an increase of 23 percent over 1991 and earnings before taxes were $162,349 an increase of 26 percent over the 1991 second quarter.
 Ceco Filters stated that as of Oct. 1, 1992 it has formed a wholly owned subsidiary, Compliance Systems International, Inc. Compliance Systems International was formed to pursue domestic and foreign pollution control and related environmental engagements with the intention of developing new product and service markets for the consolidated group of Ceco Filters, Inc.
 Ceco Filters stated that the fiscal year ended Dec. 31, 1992 will be a record year for both sales and earnings and current indications are that fiscal 1993 will be substantially better than 1992.
 Ceco Filters reported that its proposed merger with Ceco Environmental Corp. (NASDAQ: CECE), (formerly API Enterprises, Inc.), is continuing to undergo the legal and regulatory process and hopefully will be completed in the near future. The terms of the merger are one share of Ceco Filters, Inc. will be exchanged for one share of Ceco Environmental Corp.
 -0- 11~17~92
 ~CONTACT: Phillip DeZwirek of Ceco Filters, Inc., 416-593-6543, or fax, 416-593-4658~


CO: Ceco Filters, Inc. ST: Pennsylvania IN: SU: ERN

LR-OS -- NY029 -- 1755 11~17~92 10:38 EST
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Publication:PR Newswire
Date:Nov 17, 1992
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