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HOWTEK INC. ANNOUNCES RECORD 1992 YEAR END RESULTS

 HUDSON, N.H., Feb. 23 /PRNewswire/ -- Howtek, Inc. (AMEX: HTK) today announced record sales and earnings for the year ended December 31, 1992. The company earned 26 cents primary earnings per share (25 cents fully diluted) in the fourth quarter of 1992 and 49 cents per share for the full year as compared to (11 cents) per share in the fourth quarter of 1991 and (67 cents) per share for all of 1991. Sales in the fourth quarter of 1992 increased 173 percent over sales in the fourth quarter of 1991 and sales for the year as a whole increased 94 percent over sales in 1991. The company reported a profit for 1992 of $3,773,000 on sales of $23,009,000 as compared to a loss of ($5,037,000) on sales of $11,878,000 in 1991. In the fourth quarter of 1992 the company earned $1,994,000 on sales of $7,640,000 as compared to a loss of ($754,000) on sales of $2,798,000 in the fourth quarter of 1991.
 The company attributed the increase in sales and profits primarily to the success of its award-winning Scanmaster D4000 drum scanner which is used in the commercial printing, newspaper and graphic arts market to scan photographic images for computerized page generation and color separation.
 Robert Howard, chairman of Howtek noted that "The success of the D4000 offers a technological and marketing foundation on which we intend to build in the coming years."
 The company's Scanmaster line of flatbed scanners continued to sell effectively into certain market segments, most notably the medical imaging market, and the company's electronic pre-press system, Colorscan, continued to make inroads into commercial printing and newspaper sites.
 Howtek was founded in 1984 by Robert Howard, who was also founder of Centronics Data Computer Corp. in 1969 and co-founder and chairman of Presstek, Inc. in 1987. Howtek's product offering includes: COLORSCAN(R), a complete pre-press color separation and page make-up system for newspapers, publishers and graphics arts markets; and SCANMASTER(tm), a series of flatbed and drum scanners. The company also offers workstations for design, composition, image capture and output, which operate interactively on local area networks incorporating various Howtek peripherals and proprietary software.
 Howtek is a publicly held corporation whose stock is traded on the American Stock Exchange under the symbol HTK.
 HOWTEK, INC.
 Consolidated Statement of Operations
 Three Months Ended For the Year Ended
 Dec.31, Dec. 31,
 (Unaudited)
 1992 1991 1992 1991
 Revenues $7,640,431 $2,798,450 $23,008,565 $11,877,999
 Cost of Sales 3,546,545 1,344,272 11,633,950 7,620,371
 Gross Profit 4,093,886 1,454,178 11,374,615 4,257,628
 Operating Costs 2,009,373 2,122,249 7,197,291 8,819,308
 Other expenses 90,462 86,212 369,653 474,864
 Net income (loss)
 before income tax
 provision 1,994,051 (754,283) 3,807,671 (5,036,544)
 Provision for
 income taxes --- --- 35,000 ---
 Net income (loss)
 after income tax
 provision 1,994,051 (754,283) 3,772,671 (5,036,544)
 Net Income (Loss)
 Per Share 26 cents(a) (11 cents) 49 cents (67 cents)
 Weighted Shares
 Outstanding 7,732,957 7,581,152 7,764,579 7,565,709
 -0- 2/23/93
 ----
 NOTE(a): Primary earnings per share 25 cents fully diluted
 NOTE: SCANMASTER and COLORSCAN are Howtek trademarks.
 /CONTACT: Connie Webster of Howtek, Inc., 603-882-5200/
 (HTK)


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

DJ -- NE001 -- 9228 02/23/93 08:06 EST
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Publication:PR Newswire
Date:Feb 23, 1993
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