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GENERAL KINETICS INCORPORATED ANNOUNCES ANTICIPATED SECOND QUARTER NET LOSS

 GENERAL KINETICS INCORPORATED ANNOUNCES
 ANTICIPATED SECOND QUARTER NET LOSS
 HERNDON, Va., Dec. 11 /PRNewswire/ -- General Kinetics Incorporated (GKI) (AMEX: GKI), a designer, producer and marketer of high-end, digital secure facsimile equipment and precision enclosures headquartered in Herndon, has announced today that owing largely to delays in shipments of its secure facsimile equipment relating to a previously disclosed modification of its production methods, it anticipates reporting a net loss for the second quarter ended Nov. 30, 1991, on revenue of approximately $4.3 million. For the quarter ended Nov. 30, 1990, the company had net income of $436,000 (22 cents per share) on revenue of approximately $5,300,000. In the second quarter, the company converted its secure facsimile machine production process from the modification and partial assembly of products originally manufactured by third parties to one involving complete in-house assembly of the company's products. The company expects to ship most of the delayed units in December.
 As a consequence, in part, of the company's anticipated second quarter financial results, as well as current market conditions, the company has decided to postpone the pending public offering of 1,250,000 shares of its common stock.
 GKI's Cryptek Secure Communications Division, located in Herndon, is a leader in the design and production of secure facsimile machines and related equipment. Additionally, GKI manufactures precision machined and fabricated electronic enclosures at its operations in Johnstown, Pa., and Orlando, Fla.
 -0- 12/11/91
 /CONTACT: Richard A. Thompson, president, General Kinetics Incorporated, 703-478-9444/
 (GKI) CO: General Kinetics Incorporated ST: Virginia IN: CPR SU:


DC-MH -- DC021 -- 1554 12/11/91 15:04 EST
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Publication:PR Newswire
Date:Dec 11, 1991
Words:268
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