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INDUSTRIAL TRAINING SYSTEMS ANNOUNCES FIRST NINE MONTHS FINANCIAL RESULTS

 INDUSTRIAL TRAINING SYSTEMS ANNOUNCES
 FIRST NINE MONTHS FINANCIAL RESULTS
 MARLTON, N.J., May 1 /PRNewswire/ -- Industrial Training Systems Corp. (NASDAQ: ITSC), the Marlton-based producer and marketer of occupational health, safety and environmental training materials, today reported a third quarter profit of $10,000 or $.01 per share, on revenues of $1,045,000, as compared to a net loss of $134,000 or $.13 per share, on revenues of $889,000 recorded for the third quarter of fiscal 1991.
 Revenues and net income for the nine month period ended March 31, 1992, were $3,062,000 and a net income of $16,000 or $.02 per share. For the same period of the prior year, the company also reported revenues of $3,062,000 but with a loss of $162,000, or $.16 per share.
 John M. Evans, president and chief executive officer of Industrial Training Systems Corp., stated, "The company is pleased with these results and its return to modest profitability. Sales for the quarter were fairly strong, considering the current recession. The company emphasized sales of its standard product line which increased our margins, as well as our bottom line. The various cost-cutting measures enacted over the past year are also beginning to pay off.
 "The company expects this trend of profitability to continue into our final quarter of fiscal '92. Of particular interest is the April introduction of our 1992-93 catalog with 40 new products including the May release of a new Hearing Conservation program featuring three-time Indy 500 winner Bobby Unser, and Dr. Timothy Johnson, medical editor for ABC News. This, plus a newly acquired 'wellness' series and a record number of new training products produced internally, should strongly stimulate sales during the summer months and beyond."
 INDUSTRIAL TRAINING SYSTEMS CORP.
 Selected Financial Data
 (Unaudited; in thousands)
 At March 31 1992 1991
 Assets $2,408 $2,675
 Working capital 827 836
 Working capital ratio 2.73:1 3.31:1
 Stockholders equity 1,752 2,060
 Revenue and Income
 (Unaudited; in thousands of dollars, except for share information)
 Periods ended Three months Nine months
 March 31 1992 1991 1992 1991
 Revenue $1,045 $889 $3,062 $3,062
 Net income (loss) 10 (134) 16 (162)
 Earnings (loss) per share $.01 $(.13) $.02 $(.16)
 Weighted average shares
 outstanding 929,612 1,005,933 974,053 1,008,484
 /delval/
 -0- 5/1/92
 /CONTACT: Amy E. Brofft of Industrial Training Systems, 609-983-7300/
 (ITSC) CO: Industrial Training Systems Corporation ST: New Jersey IN: SU: ERN


CC-JS -- PH024 -- 5447 05/01/92 11:56 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:426
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