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FONIC ANNOUNCES YEAR-END AND FOURTH QUARTER RESULTS

 FONIC ANNOUNCES YEAR-END AND FOURTH QUARTER RESULTS
 NEW YORK, Sept. 1 /PRNewswire/ -- Fonic, Inc. (NASDAQ: FONCF)


announced that sales for the year ended March 31, 1992 were $37,534,270 an increase of 4.9 percent over the sales of $35,797,009 for the year ended March 31, 1991. Net income for fiscal year 1992 was $461,604 compared to $452,437 for the same period in 1991. Sales for the fourth quarter of fiscal 1992 were $10,208,810 compared to $10,411,966 for the same period in 1991.
 Fonic, Inc. through its subsidiaries, is engaged in the design, development, manufacture, assembly and marketing of consumer audio and video products, including stereo radio double cassette recorders, citizens band and multiband radios, mini music systems, Hi-Fi systems, amplifiers, video cassette players and recorders and television sets. Telecommunications products sold, engineered or manufactured by the company include "TACS" system cellular phone exchange switches, portable telephone sets and paging receivers.
 FONIC, INC.
 Periods ended Year Quarter
 March 31 1992 1991 1992 1991
 Net revenues $37,534,270 $35,797,009 $10,208,810 $10,411,966
 Gross profit 3,809,736 4,327,390 787,466 1,176,758
 Net income
 (loss) 461,604 452,437 (48,598) (57,618)
 Net income (loss)
 per share $.05 $.06 ($.01) ($.01)
 Weighted avg. no. of
 shares outstndg. 8,505,133 7,200,000 9,157,700 7,200,000
 -0- 9/1/92
 /CONTACT: Sam Witchel of Scharff, Witchel & Co., Inc., 212-983-1060, for Fonic, Inc.
 (FONCF) CO: Fonic, Inc. ST: New York IN: CPR SU: ERN


PS-AH -- NY072 -- 5600 09/01/92 16:35 EDT
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Date:Sep 1, 1992
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