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HOLOPAK TECHNOLOGIES, INC. REPORTS FIRST-QUARTER RESULTS

 HOLOPAK TECHNOLOGIES, INC. REPORTS FIRST-QUARTER RESULTS
 EAST BRUNSWICK, N.J., July 28 /PRNewswire/ -- HoloPak Technologies, Inc. (NASDAQ: HOLO), a leading specialty manufacturer of holographic images and hot stamp foils, today reported operating results for the first quarter of fiscal 1993.
 For the three months ended June 30, 1992, HoloPak reported sales of $8.5 million, compared to $8.6 million for the same period last year. Net income was $402,000, or 12 cents per share on outstanding shares of 3.4 million, compared to first quarter net income a year earlier of $501,000, or 18 cents per share on outstanding shares of 2.8 million.
 "As we announced last month, first quarter earnings are below our original expectations, even though our business fundamentals remain strong," said David W. Jaffin, chief financial officer of HoloPak. "Our sales continue to feel the effects of the recessionary environment, but we expect stronger results by year's end.
 "In addition, we are moving forward on the development of new products and processes and believe this research and development investment will result in a stronger revenue base," Jaffin said. "We continue to emphasize our research and development efforts in wide-web holography and metallized and embossed papers."
 HoloPak Technologies, Inc. is a leading specialty manufacturer of holographic images, hot stamp foils, diffractive 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
 Selected Financial Data
 (Amounts in 000's except share and per share data)
 Three Months Ended
 June 30,
 1992 1991
 Net Sales $ 8,491 $ 8,562
 Gross Profit 2,292 2,624
 Operating Profit 640 1,112
 Net Income 402 501
 Earnings Per Share 0.12 0.18
 Weighted Average
 Shares Outstanding 3,431,324 2,848,968
 -0- 7/28/92
 /CONTACT: David W. Jaffin of HoloPak Technologies, 908-238-2883/
 (HOLO) CO: HoloPak Technologies Inc. ST: New Jersey IN: SU: ERN


SB -- NY028 -- 3949 07/28/92 09:51 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
Words:348
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