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ENVIRONMENTAL TECHNOLOGIES USA, INC. REPORTS RECORD QUARTERLY REVENUES

 MINNEAPOLIS, Dec. 16 /PRNewswire/ -- Environmental Technologies USA, Inc. (NASDAQ: ENVR) today reported proforma results of operations for the second quarter and six month period ended Oct. 31, 1992. For the second quarter ended Oct. 31, 1992, revenues increased 236 percent to $208,659 from $62,032 reported during the same period one year ago. Revenues for the six months ended Oct. 31, 1992, were $436,529, a 217 percent increase over the comparable period last year.
 The company reported net losses of $935,175, or $.27 per share, and $1,959,426, or $.58 per share, for the second quarter and six months ended Oct. 31, 1992, respectively.
 It reported a second quarter net loss of $190,617, or $.20 per share, last year and a net loss of $313,167, or $.41 per share, for the six months ended Oct. 31, 1991.
 These proforma financial results reflect the combined operations of Clean Green Packing Company of Minnesota and ETI, as if the acquisition of Clean Green was completed as of May 1, 1991. The acquisition actually took place on Nov. 4, 1992. The results further reflect the company's limited operational status during the two reporting periods last year. During the second quarter and six month periods, the combination of legal expenses and expenses for goodwill and technology rights account for approximately half of total operating expenses. In addition, the company's research and development expenses increased 405 percent and 793 percent during the second quarter and six month periods ended Oct. 31, 1992 compared to the same periods last year.
 The company generated positive gross margin during the two reporting periods this year compared to negative gross margin realized during the same periods last year.
 The company completed an initial public offering of 1,000,000 units in October 1992 and charged to second quarter operations, a significant portion of expenses related to the offering. The company acquired Clean Green Packing on Nov. 4, 1992 and, on Dec. 3, 1992, announced its intention to merge with Evergreen Solutions, Inc. Upon final completion of the merger, the effect of combining the operations of Evergreen Solutions, Inc. together with Clean Green Packing is expected to further improve gross margin performance and reduce operating overhead.
 Environmental Technologies USA, Inc. manufactures, markets, distributes, and develops biodegradable and recycled substitutes for virgin plastic polymers. ETI's Clean Green Packing Company subsidiary manufactures and distributes biodegradable starch-based foam loose-fill packing material. Another subsidiary, United Recycling, Inc. converts post-consumer carpeting into polymer resin suitable for remanufacturing.
 ENVIRONMENTAL TECHNOLOGIES USA, INC.
 Three Months Ended
 October 31,
 1992 1991
 Revenues $208,659 $62,032
 Gross Profit 5,327 (65,541)
 Selling, General and
 Administrative Expense 315,588 105,136
 Research and Development Expense 130,594 25,847
 Legal Expense 69,601 0
 Goodwill and Technology Rights 411,616 411,616
 Operating Loss (922,072) (608,140)
 Net Loss (935,175) (602,233)
 Loss Per Share $(.27) $(.20)
 Weighted Average Number
 of Common and Common Equivalent
 Shares Outstanding 3,482,749 3,025,357
 Six Months Ended
 October 31,
 1992 1991
 Revenues $436,529 $137,703
 Gross Profit 36,039 (69,598)
 Selling, General and
 Administrative Expense 659,942 212,375
 Research and Development Expense 320,140 35,842
 Legal Expense 151,249 0
 Goodwill and Technology rights 823,232 823,232
 Operating Loss (1,918,524)(1,141,047)
 Net Loss (1,959,426)(1,136,369)
 Loss Per Share $(.58) $(.41)
 Weighted Average Number of
 Common and Common Equivalent
 Shares Outstanding 3,397,446 2,741,990
 -0- 12/16/92
 /CONTACT: Robin R. Young CEO of Environmental Technologies, 612-339-3766; or Tom de Petra of de Petra & Associates, Inc., 612-338-7630, for Environmental Technologies/
 (ENVRU)


CO: Environmental Technologies USA, Inc. ST: Minnesota IN: SU: ERN

AL -- MN004 -- 7626 12/16/92 10:34 EST
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Date:Dec 16, 1992
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