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GENETIC LABORATORIES WOUND CARE, INC. REPORTS INCREASED REVENUES AND PROFITS FOR 12 MONTHS ENDED MAY 31, 1992

GENETIC LABORATORIES WOUND CARE, INC. REPORTS INCREASED REVENUES AND
 PROFITS FOR 12 MONTHS ENDED MAY 31, 1992
 ST. PAUL, Minn., Aug. 26 /PRNewswire/ -- Genetic Laboratories Wound Care, Inc. (GLWC) has announced net income for the 12 months ended May 31, 1992 was $105,681 compared to $68,246 for the 12 months ended May 31, 1991. Revenues for the 12 months ended May 31, 1992 were $1,904,495 compared to revenues of $1,839,347 for the 12 months ended May 31, 1991.
 GLWC is engaged in the business of manufacturing and marketing wound care products. GLWC is currently traded on the local over-the-counter market.
 GENETIC LABORATORIES WOUND CARE, INC.
 Summary of Operations
 Three months ended
 5/31/92 5/31/91
 Net revenues $491,688 $395,176
 Percent change 24.4 --
 Expenses 454,639 413,511
 Net income (loss) $37,049 $(18,335)
 Per common share income (loss) $.02 $(.01)
 12 months ended
 5/31/92 5/31/91
 (Audited)
 Net revenues $1,904,495 $1,839,347
 Percent change 3.5 --
 Expenses 1,798,814 1,771,101
 Net income (loss) $105,681 $68,246
 Per common share income (loss) $.05 $.03
 -0- 8/26/92
 /CONTACT: Jim Thompson, president, or Brian Gardow, controller, 612-633-0805 or (fax) 612-633-3188, both of Genetic Laboratories/ CO: Genetic Laboratories Wound Care, Inc. ST: Minnesota IN: MTC SU: ERN


AL -- MN001 -- 3334 08/26/92 09:10 EDT
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Publication:PR Newswire
Date:Aug 26, 1992
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