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CECO FILTERS REPORTS SUBSTANTIAL SALES AND EARNINGS INCREASES; CECO ENVIRONMENTAL ACQUIRING CONTROL

 TORONTO, April 8 /PRNewswire/ -- Ceco Filters, Inc. (Philadelphia Stock Exchange: CEC.X) today reported 1992 sales of $6,869,872 an increase of 48 percent over 1991 sales of $4,699,568.
 Ceco reported that 1992 cash flow was $767,003 a more than 100 percent increase over 1991 cash flow of $382,226.
 After tax net profit was $215,984 or 3 cents per share, an increase of 30 percent over 1991 profit of $165,583, 2 cents per share.
 Except for mortgages obligations on its new operating facility Ceco remains debt free with a substantial unused bank credit facility.
 Ceco Filters repeated that the company's intended merger with Ceco Environmental Corp. has been terminated and that Ceco Environmental Corp. (NASDAQ: CECE) has obtained approximately 37 percent of Ceco Filters in private transactions and Ceco Environmental is finalizing transactions to bring its interest in Ceco Filters to 51 percent.
 -0- 4/8/93
 /CONTACT: Phillip DeZwirek of Ceco Filters, Inc., 416-593-6543, or fax, 416-593-4658/
 (CEC.X CECE)


CO: Ceco Filters, Inc.; Ceco Environmental Corp. ST: Ontario, Pennsylvania IN: SU: ERN

TS-OS -- NY061 -- 4346 04/08/93 15:31 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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