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HOLOPAK TECHNOLOGIES, INC. REPORTS SECOND-QUARTER RESULTS

 HOLOPAK TECHNOLOGIES, INC. REPORTS SECOND-QUARTER RESULTS
 EAST BRUNSWICK, N.J., Nov. 2 /PRNewswire/ -- HoloPak Technologies, Inc. (NASDAQ: HOLO), a leading specialty manufacturer of holographic images and hot stamp foils, today reported operating results for the second quarter of fiscal 1993.
 For the three months ended September 30, 1992, HoloPak reported sales of $7.3 million, compared to $8.2 million for the same period last year. Net income was $162,000, or five cents per share on outstanding shares of 3.4 million, compared to second quarter net income a year earlier of $461,000, or 16 cents per share on outstanding shares of 2.9 million.
 For the six months ended September 30, 1992, HoloPak sales were $15.8 million, compared to $16.8 million for the same period last year. Net income was $563,000, or 17 cents per share, compared to $962,000, or 35 cents per share during the first six months of fiscal 1992.
 "Recessionary pressures continued to affect our sales, although we saw considerable improvement in September," said David W. Jaffin, chief financial officer of HoloPak. "We believe our continued emphasis on research and development efforts in wide-web holography and metallized and embossed papers will lead to a strengthening of our revenue base and earnings."
 "In addition, our recently announced acquisition of Alubec Industries will mean more rapid product development through shared technical expertise and a significant contribution to sales and earnings in the fourth quarter," Jaffin said.
 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)
 (Unaudited)
 Three Months Ended Six Months Ended
 September 30 September 30
 1992 1991 1992 1991
 Net Sales $ 7,315 $ 8,223 $15,805 $16,785
 Gross Profit 1,928 2,605 4,220 5,229
 Operating Profit 247 1,136 887 2,289
 Interest Expense - 209 - 434
 Net Income Before
 Extraordinary Item 162 518 563 1,019
 Net Income 162 461 563 962
 Earnings Per Share Before
 Extraordinary Item $ 0.05 $ 0.18 $ 0.17 $ 0.37
 Earnings Per Share $ 0.05 $ 0.16 $ 0.17 $ 0.35
 Weighted Average
 Shares Outstanding 3,377,307 2,939,972 3,402,864 2,726,154
 -0- 11/2/92
 /CONTACT: David W. Jaffin of HoloPak Technologies, Inc., 908-238-2883/
 (HOLO) CO: HoloPak Technologies, Inc. ST: New Jersey IN: SU: ERN


PS -- NY054 -- 1606 11/02/92 12:21 EST
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Publication:PR Newswire
Date:Nov 2, 1992
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