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HOLOPAK TECHNOLOGIES, INC. ANNOUNCES 25 PERCENT INCREASE IN EPS ON 14 PERCENT INCREASE IN SALES

 EAST BRUNSWICK, N.J., Jan. 25 /PRNewswire/ -- HoloPak Technologies, Inc. (NASDAQ: HOLO), a leading specialty manufacturer of holographic images, hot stamp foils, and metallized paper, today reported operating results for the third quarter of fiscal 1993.
 For the three months ended Dec. 31, 1992, HoloPak reported sales of $8.3 million, compared to $7.3 million for the same period last year, an increase of 14 percent. Net income was $497,000, or 15 cents per share, compared to third quarter net income a year earlier of $413,000, or 12 cents per share. Earnings per share increased 25 percent for the quarter.
 For the nine months ended December 31, 1992, HoloPak sales were $24.1 million, even with last year. Net income was $1,060,000, or 32 cents per share, compared to $1,375,000, or 44 cents per share during the first nine months of fiscal 1992.
 "Sales and earnings have begun to regain strength," said David W. Jaffin, chief financial officer. "Strong performance from both holography and hot stamping foil helped boost earnings. Furthermore, excellent manufacturing efficiency helped keep costs in line. We believe that this trend will continue, as sales of metallized paper and other new products expand. Also, results from the acquisition of Alubec will begin contributing to consolidated results in the fourth quarter."
 "The fourth quarter is typically strong seasonally for us," Jaffin said. "As holography resumes good growth and other products continue to perform well, we are looking forward to further improvements in profitability."
 HoloPak Technologies, Inc. is a leading specialty manufacturer of holographic images, hot stamp foils, metallized papers, diffraction films and laminates used to decorate or label a wide variety of products, including packaging and promotional materials, greeting cards, paperback book covers, cosmetics, appliances, and sporting goods. Three-dimensional holograms are also used in security/anti- counterfeiting applications.
 HOLOPAK TECHNOLOGIES, INC. AND SUBSIDIARIES
 Consolidated Statements of Earnings
 (Unaudited)
 Periods ended Three months Nine months
 Dec. 31 1992 1991 1992 1991
 Net Sales $ 8,272,364 $ 7,282,426 $24,077,784 $24,067,351
 Cost of Sales 5,737,886 5,006,850 17,323,461 16,562,561
 Gross Profit 2,534,478 2,275,576 6,754,323 7,504,790
 Selling,
 General and
 Administrative
 Expenses 1,795,122 1,586,405 5,039,802 4,603,344
 Operating
 Income 739,356 689,171 1,714,521 2,901,446
 Other Expense
 (Income)
 Interest Income (20,195) (46,258) (67,157) (69,370)
 Interest expense -- -- -- 434,399
 Income Before
 Income Taxes 759,551 735,429 1,781,678 2,536,417
 Income Taxes 262,783 322,087 721,496 1,103,885
 Net Income
 Before
 Extraordinary
 Item 496,768 413,342 1,060,182 1,432,532
 Extraordinary
 Item, Net of
 Income Taxes -- -- -- (57,160)
 Net Income $ 496,768 $ 413,342 $ 1,060,182 $ 1,375,372
 Earnings per
 common share
 and common
 share equivalents
 Net Income
 Before
 Extraordinary
 Item $ 0.15 0.12 $ 0.32 0.46
 Extraordinary
 Item 0.00 0.00 0.00 (0.02)
 Net Income $ 0.15 $ 0.12 $ 0.32 $ 0.44
 Weighted average
 number of common
 shares and common
 share equivalent
 outstanding 3,361,014 3,500,467 3,334,474 3,123,144
 -0- 1/25/93
 /CONTACT: David W. Jaffin of HoloPak Technologies, Inc., 908-238-2883/
 (HOLO)


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

TS -- NY037 -- 8383 01/25/93 10:40 EST
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Publication:PR Newswire
Date:Jan 25, 1993
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