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HOWTEK ANNOUNCES 1993 FIRST QUARTER RESULTS

 HUDSON, N.H., April 21 /PRNewswire/ -- Howtek, Inc. (AMEX: HTK) today announced results of its operations for the first quarter ended March 31, 1993. The company recorded first quarter revenues of $6,185,000, an increase of 75 percent from the $3,532,000, recorded in the same period in 1992. The company also announced a first quarter profit of $847,000 or 11 cents per share, compared to a loss of ($321,000) or (4 cents) per share recorded for the first quarter of 1992.
 The company attributed the increase in revenues and earnings during the first quarter of 1993 as compared to the first quarter of 1992 to increased shipments of its Scanmaster D4000 drum scanner which is used in the commercial printing, newspaper and graphic arts markets. The company's Chairman, Robert Howard, stated that "We are pleased with the continuing sales performance of the D4000 drum scanner as well as the contributions of our flatbed scanners and the Colorscan electronic pre- press system. As previously reported, sales in the first quarter were not as high as anticipated due to the slowdown in Europe. We are increasing our marketing and distribution efforts in Japan and Asia in an effort to buffer the softness of the European market."
 During the quarter the company commenced customer shipments of the CosMYK 860 color computer which provides the Scanmaster D4000 with the option of image manipulation capabilities of high end scanners, including real time color conversion and unsharp masking.
 Howtek's product offering includes SCANMASTER(tm), a series of drum and flatbed scanners and COLORSCAN(R), a complete pre-press color separation and page make-up system for newspapers, publishers and graphic arts markets. Howtek was founded in 1984 by Robert Howard, who also founded Centronics Data Computer Corp. in 1969 and was co-founder of Presstek, Inc. in 1987 of which he is currently chairman and chief executive officer.
 Howtek, Inc. is traded on the American Stock Exchange under the symbol HTK.
 ----
 NOTE: SCANMASTER and COLORSCAN are Howtek trademarks.
 HOWTEK, INC.
 Statement of Operations
 (unaudited)
 Three Months Ended
 March 31,
 1993 1992
 Revenues $6,184,552 $3,532,143
 Cost of Sales 3,322,644 2,179,589
 Gross Profit 2,861,908 1,352,554
 Operating Costs 1,893,200 1,591,487
 Other expenses 86,374 81,840
 Income (Loss)
 before income
 tax provision 882,334 (320,773)
 Provision for
 income taxes 35,000 --
 Net Income (Loss)
 after income tax
 provision 847,334 (320,773)
 Net Income (loss)
 per share 11 cents (4 cents)
 Weighted Shares
 outstanding 7,778,506 7,734,598
 -0- 4/21/93
 /CONTACT: Connie Webster of Howtek, Inc., 603-882-5200/
 (HTK)


CO: Howtek, Inc. ST: New Hampshire IN: CPR PUB SU: ERN

DH -- NE005 -- 8543 04/21/93 09:24 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
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