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GBC TECHNOLOGIES CONTINUES SALES ANDEARNINGS GROWTH DURING SECOND QUARTER

 BERLIN, N.J., July 20 /PRNewswire/ -- GBC Technologies, Inc. (NASDAQ-NMS: GBCT) today announced continued sales and earnings growth during its second quarter ended June 30, 1993.
 For the quarter ended June 30, 1993, the company reported record sales of $33,472,000, eclipsing the record set just last quarter. These sales represented a 57 percent increase over the $21,323,000 recorded in the second quarter of 1992. For the six month period ended June 30, 1993, company revenues were $60,188,000, which represented a 54 percent increase over sales for the same period last year. Net income for the quarter and six-month period was $625,000 and $1,150,000, respectively, which represented an increase of 41 percent and 80 percent over the same periods in 1992. On a per share basis, GBC's net income was $.22 a share for the second quarter just ended, as compared to the pro forma $.21 a share one year earlier. The growth in EPS is not commensurate with the company's net income growth due to the greater number of shares outstanding in fiscal 1993 (see table).
 Commenting on the results, Norman M. Some, president and chief executive officer, said, "Our focus on client/server computing in an open systems networking environment is continuing to pay dividends as GBC strengthens its positioning as a full service technical distributor. This strategy, supported by our expansion of open systems UNIX product offerings, has helped GBC to effectively compete and grow in a distribution channel that continues to outpace the computer industry in terms of growth. S, G&A as a percentage of sales dropped to 7.2 percent for the six months ended June 30, 1993, compared to 8.1 percent during the comparable period in 1992. As industry wide competitive pressures continue to erode gross margin, strict monitoring and control of S, G&A remains an operational focus for GBC."
 In conclusion, Some added, "GBC is well positioned to respond to the needs of its customers with products and services as enterprise networking continues to grow in complexity. Our focus in this area has enabled the company to enjoy record back-to-back quarterly results."
 GBC Technologies is a wholesale distributor of technically advanced microcomputer products, specializing in networking, connectivity, data communications and related products. The common stock of GBC Technologies trades on the NASDAQ National Market System under the symbol "GBCT."
 GBC TECHNOLOGIES, INC.
 Selected Financial Data
 Consolidated Income Statement Data
 (Unaudited; in thousands, except per-share data)
 Periods ended Three months Six months
 June 30 1993 1992 1993 1992
 Net sales $33,472 $21,323 $60,188 $39,056
 Cost of sales 30,095 18,910 53,879 34,694
 Gross profit 3,377 2,413 6,309 4,362
 Selling, general
 & administrative 2,281 1,587 4,346 3,146
 Operating income 1,096 826 1,963 1,216
 Interest income (expense) 14 (76) 57 (135)
 Income before income taxes 1,110 750 2,020 1,081
 Income taxes 485 75 870 105
 Net income 625 675 1,150 976
 Net income per share $.22 --- $.40 ---
 Weighted average shares
 outstanding 2,879 --- 2,881 ---
 Pro forma income data (unaudited):
 Income before income taxes,
 as reported --- 750 --- 1,081
 Pro forma income taxes(A) --- 306 --- 441
 Pro forma net income(A) --- 444 --- 640
 Pro forma net income
 per share(A) --- $.21 --- $.32
 Weighted average shares
 outstanding(A) --- 2,325 --- 2,265
 (A) Presented on a pro-forma basis for the three and six months ended June 30, 1992, as if (a) the company had been a C corporation for the period presented and (b) the debt outstanding during the period had been paid with the proceeds of the company's 1992 initial public offering. (For further information, see the company's prospectus dated Dec. 18, 1992.)
 /delval/
 -0- 7/20/93
 /CONTACT: Richard Altus, vice president-finance of GBC Technologies, 609-767-2500/
 (GBCT)


CO: GBC Technologies, Inc. ST: New Jersey IN: CPR SU: ERN

JM-MJ -- PH030 -- 3541 07/20/93 16:07 EDT
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Date:Jul 20, 1993
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