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DAVSTAR FORECASTS PROFITABILITY DURING FISCAL 1993 AND ANNOUNCES RESULTS FOR FISCAL 1992

 DAVSTAR FORECASTS PROFITABILITY DURING FISCAL 1993
 AND ANNOUNCES RESULTS FOR FISCAL 1992
 NEWPORT BEACH, Calif., Sept. 25 /PRNewswire/ -- Davstar Industries Ltd. (AMEX: DVS) announced today that it anticipates that its operations will turn profitable during its fiscal year ending June 30, 1993. Davstar stated that with the recent commercial introduction of its revolutionary Cen-Slide(R) closed-loop urinalysis system, and with the anticipated commercial introduction of its DriStar(TM) urinary incontinence system during fiscal year 1993, Davstar's operations are expected to turn profitable in fiscal 1993. Other unique medical products are slated for commercial introduction by Davstar in calendar 1993.
 Davstar also announced today that it incurred a loss of $2,816,000 ($0.34 per share) for its fiscal year ended June 30, 1992, vs. a loss of $1,044,000 ($0.15 per share) for fiscal 1991. Sales for 1992 were $4,600,000, up from $4,548,000 for 1991. Davstar said most of the increase in its operating expenses were caused by NASDAQ and American Stock Exchange listing-related expenses and by a substantial increase in expenses for personnel, including engineers and developers, and for product design and testing, occasioned by Davstar's ramping up for its recent commercial introduction of its Cen-Slide system, its preparation for the introduction of its DriStar system and its development of other unique medical products.
 Direct all inquiries to Roberta Stauffer, c/o Davstar Industries Ltd., One Newport Place, 1301 Dove St., Newport Beach, CA 92660, or call 714-852-8492.
 -0- 9/25/92
 /CONTACT: Roberta Stauffer of Davstar Industries, 714-852-8492/
 (DVS) CO: Davstar Industries Ltd. ST: California IN: MTC SU: ERN ERP


AL-KJ -- LA016 -- 3606 09/25/92 15:48 EDT
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Publication:PR Newswire
Date:Sep 25, 1992
Words:278
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