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 MINNEAPOLIS, Oct. 28 /PRNewswire/ -- Harmony Brook, Inc. (NASDAQ: HBRK) announced today that revenues for its third quarter ended Sept. 30, 1993 were up 70 percent from the previous year's comparable period. Third quarter revenues were $1,007,983 compared to $592,154 for the third quarter of 1992. Revenues for the first nine months of 1993 were also up sharply to $2,710,040, an increase of 72 percent from the first nine months of 1992.
 Michael R. Knox, the company's president, noted that the most recent quarter was the first quarter during which the company revenues had broken the $1 million mark. Knox attributed the increase in revenues to continued growth in the number of the company's Harmony Brook(R) Premium Drinking Water systems installed in supermarket locations around the country. As of Sept. 30, 1993, the company's self-serve bottled water systems were installed in 907 supermarkets around the country. This compares with an installed customer base of 587 locations one year ago.
 Knox also said that almost all areas of the country had contributed to the growth, with the largest growth coming from the Mid-Atlantic region of the country. He noted that flooding throughout the Midwest during the quarter had greatly increased consumer awareness of the company's product line and had contributed to the overall increase in sales. He pointed out, however, that significant sales increases during the early parts of the quarter had been offset by slow growth in the last half of the quarter as consumers worked down supplies of bottled water stockpiled during the floods.
 The net loss for the quarter ended Sept. 30 was $64,208, or $.01 per share, versus a comparable loss of $303,743, or $.11 per share, for the second quarter of 1992. The net loss for the first nine months of 1993 was $405,178, or $.10 per share, versus the previous year's comparable loss of $504,227, or $.18 per share. An accounting change in early 1992 had the effect of reducing the loss reported in the first nine months of 1992 by $147,240, or $.05 per share.
 Harmony Brook, Inc. develops, manufactures, markets and operates equipment which processes ordinary tap water into high quality drinking water at the point of use. The company's principal product line consists of the Harmony Brook Premium Drinking Water system, which is a self-serve purification and dispensing system for use in supermarkets and other retail stores. Harmony Brook stock is traded on the NASDAQ Small Cap Market under the symbol "HBRK."
 Summary Financial Results
 Third Quarter Nine Months
 1993 1992 1993 1992
 Total revenues $1,007,983 $592,154 $2,710,040 $1,577,840
 Loss before
 accounting change (64,208) (303,743) (405,178) (651,467)
 Cumulative effect of
 accounting change -- -- -- 147,240
 Net loss $(64,208)$(303,743) $(405,178)$(504,227)
 Net loss per share:
 Loss per share before
 cumulative effect of
 change in accounting $(.01) $(0.11) $(0.10) $(0.23)
 Cumulative effect of
 changing to a different
 depreciation method -- -- -- 0.05
 Net loss per share $(.01) $(0.11) $(0.10) $(0.18)
 Number of shares used
 to compute net loss
 per share 4,626,738 2,853,301 3,927,687 2,883,387
 -0- 10/28/93
 /CONTACT: Michael R. Knox of Harmony Brook, 612-882-0500/

CO: Harmony Brook, Inc. ST: Minnesota IN: SU: ERN

AL-DB -- MN006 -- 7809 10/28/93 10:49 EDT
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Publication:PR Newswire
Date:Oct 28, 1993

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