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CMS ENHANCEMENTS ANNOUNCES PROFIT FOR BOTH FOURTH QUARTER AND FISCAL YEAR 1993; FOUR CONSECUTIVE PROFITABLE QUARTERS FOR IRVINE-BASED COMPANY

 IRVINE, Calif., Sept. 24 /PRNewswire/ -- CMS Enhancements Inc. (NYSE: CME), today announced that net revenues for the fourth quarter of fiscal 1993 ended June 30, 1993, were $17,920,000 compared to $27,206,000 for the same quarter a year ago.
 "The four consecutive profitable quarters represent a turnaround year where we have focused on becoming a more streamlined company," said Jim Farooquee, chairman and chief executive officer of CMS. "We are now well-positioned to increase our product marketing efforts in the growing multimedia and local area network markets, while using expanded channels of distribution."
 Net sales for the fiscal year 1993 were $73,082,000 compared with $115,053,000 for the fiscal year ended June 30, 1992, while the net income for fiscal 1993 was $236,000, or $0.08 per share compared to a net loss of $8,893,000, or $3.04 per share for the period a year ago.
 CMS Enhancements Inc. is a producer and global marketer of mass data storage subsystems and accessories for personal and laptop computers manufactured by Apple, IBM, Digital Equipment Corp., Compaq, AST, Commodore, Epson, NEC, AT&T, Zenith, Tandy, Toshiba and many others. The company markets its products through dealers and distributors in over 60 countries worldwide.
 CMS ENHANCEMENTS INC.
 Financial Highlights
 (000 omitted)
 Three months ended Fiscal year ended
 June 30, June 30,
 1993 1992 1993 1992
 Net sales 17,920 27,206 73,082 115,053
 Gross profit 2,524 3,860 11,543 11,046
 Pretax income (loss) 40 (1,926) 236 (9,623)
 Provision (credit) for taxes 0 (606) 0 (730)
 Net income (loss) 40 (1,320) 236 (8,893)
 Weighted average shares
 outstanding 3,181 2,926 3,061 2,922
 Net income (loss) per share 0.01 (0.45) 0.08 (3.04)
 -0- 9/24/93
 /CONTACT: Michael Rusert (corporate), 714-222-6464; or Elis Tang (investor relations), 714-222-6301/
 (CME)


CO: CMS Enhancements Inc. ST: California IN: CPR SU: ERN

MF-LM -- LA005 -- 5307 09/24/93 09:00 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
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