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COMPUTER IDENTICS ANNOUNCES SECOND QUARTER 1992 RESULTS

 COMPUTER IDENTICS ANNOUNCES SECOND QUARTER 1992 RESULTS
 CANTON, Mass., July 21 /PRNewswire/ -- Computer Identics Corporation (NASDAQ: CIDN) reported its results today for the second quarter and first six months of 1992.
 Net income for the three months ended June 30, 1992 was $239,000 or $.02 per share on revenues of $5,411,000. This compares with net income of $173,000 for the same quarter of 1991 on revenues of $4,941,000. profits are up 38 percent on a revenue increase of 10 percent. For the six months ended June 20, 1992 revenues increased 12 percent to $10,557,000 from 9,430,000. Net income was $474,000 or 5 cents per share, compared to a loss in the first six months of 1991 of $17,000.
 Frank J. Wezniak, president and chief executive officer, said "Computer Identics continues to make good progress in 1992 with a solid second quarter. Orders and revenues increased in all of the company's geographical markets, but were limited by uncertain economic conditions, especially in the United States, Germany and England.
 Business growth for the company's products in other parts of the world was strong. A distribution agreement is being established with a major industrial electronics company in Japan, a small market today, but expected to be a major one in the near future."
 Computer Identics is based in Canton, Mass., and designs, manufactures and services bar code products and automatic identification systems for data collection applications in warehousing, distribution and manufacturing environments.
 COMPUTER IDENTICS CORPORATION
 1992 Second Quarter Financial Results
 (In thousands except per share data)
 (unaudited)
 Three Months Ended Six Months Ended
 June 30 June 30
 1992 1991 1992 1991
 Revenue $5,411 $4,941 $10,557 $9,430
 Cost and expenses 5,116 4,708 9,945 9,333
 Income before provision
 for income taxes 295 233 612 97
 Provision for income
 taxes (56) (60) (138) (114)
 Net income (loss) $239 $173 $474 $ (17)
 Net income per common
 share 2 cents 2 cents 5 cents ---
 Weighted average number
 of common and common
 equivalent shares
 outstanding 10,444,163 9,524,493 10,395,393 9,524,493
 -0- 7/21/92
 /CONTACT: Frank J. Wezniak, president, or Stephen D. Prendergast, vice president, finance and administration, Computer Identics, 617-821-0830/ CO: Computer Identics ST: Massachusetts IN: CPR SU: ERN


TM -- NE018 -- 1570 07/21/92 17:33 EDT
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Date:Jul 21, 1992
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