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HOLOPAK TECHNOLOGIES REDUCES FIRST-QUARTER EARNINGS EXPECTATIONS;

 HOLOPAK TECHNOLOGIES REDUCES
 FIRST-QUARTER EARNINGS EXPECTATIONS;
 'Business Fundamentals Remain Strong,' CFO Says
 EAST BRUNSWICK, N.J., June 12 /PRNewswire/ -- HoloPak Technologies, Inc. (NASDAQ: HOLO), a leading specialty manufacturer of holographic images and hot stamp foils, said today that it expects earnings for its first quarter ending June 30, 1992 to be 25 to 35 percent lower than the current Wall Street estimate of $.20 per share.
 "While our business fundamentals remain strong, sales of holographic foils are running below our expectations," said David W. Jaffin, chief financial officer of HoloPak. "Sales of hot stamp foils and other specialty products continue to be strong."
 "Holographic foil sales this quarter are lagging last year's due to a temporary slowdown in orders from a major customer. Other shipments have been held up due to technical problems with our new 65-inch embossing machine, which is not yet performing up to our quality standards," Jaffin added.
 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.
 -0- 6/12/92
 /CONTACT: David W. Jaffin of HoloPak Technologies, 908-238-2883/
 (HOLO) CO: HoloPak Technologies Inc. ST: New Jersey IN: SU: ERP


SH -- NY062 -- 9762 06/12/92 15:00 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
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