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INFINITE GRAPHICS REPORTS YEAR-END RESULTS

 INFINITE GRAPHICS REPORTS YEAR-END RESULTS
 MINNEAPOLIS, Aug. 6 /PRNewswire/ -- Infinite Graphics Incorporated


today announced year-end results for the fiscal year ended April 30, 1992.
 The fiscal 1992 year-end results showed a net profit of $340,178 or a profit of $.15 per share on sales of $4,747,865. This is in comparison to a net loss of $549,029 or $.25 per share on sales of $4,404,645 in fiscal 1991.
 Sales for the fourth quarter were $1,059,087 compared to $1,278,435 for the same quarter last year. The company reported a fourth quarter net profit of $20,962 or $.01 per share compared to a net profit of $171,767 or $.08 per share in the fourth quarter a year ago.
 The company wrote down $254,000 in assets, $96,000 in equipment pertaining to restructured debt and $158,000 in software held for sale during fiscal 1992. The profit for fiscal 1992 included $441,931 of profit from extraordinary items resulting from discounts from restructured debt. The fourth quarter includes $38,389 of extraordinary items resulting from discounts on debt.
 The Engineering Services Division sales increased 9 percent during fiscal 1992, paralleling the general electronics industry. Sales for the Engineering Services Division were $3,173,000 in fiscal 1992 compared to $2,900,000 in 1991. Software Systems Division sales increased 5 percent to $1,575,000 in fiscal 1992 versus $1,505,000 in 1991.
 The improved performance is a result of a continuation of decreased costs, financial restructuring and a refocus of company sales activity into areas where IGI has traditionally been profitable. The company's margins have increased primarily due to decreased costs and a change in product mix.
 Today IGI products and services are aimed at meeting customer needs for production phototooling. A major market segment utilizing these products and services is the Printed Circuit Board (PCB) fabrication industry. Merchant and captive suppliers, along with Fortune 500 electronic companies, are potential customers.
 Infinite Graphics Incorporated is a total solutions precision graphics company that has served the engineering and manufacturing marketplace since 1969. Infinite Graphics develops and markets engineering graphics services and products for precision graphics and printed circuit board manufacturing, design and testing. Headquartered in Minneapolis, the company markets its services and products in the United States, Canada and Western Europe.
 INFINITE GRAPHICS INCORPORATED
 CONSOLIDATED STATEMENT OF EARNINGS
 (Audited)
 Three Months Ended Year Ended
 4/30/92 4/30/91 4/30/92 4/30/91
 Net sales $1,059,087 $1,278,435 $4,747,865 $4,404,645
 Other income 1,047 9,893 1,047 13,699
 -- 1,060,134 1,288,328 4,748,912 4,418,344
 Write downs -- -- 254,000 --
 Costs & expenses 1,084,561 1,115,561 4,595,665 5,399,845
 Profit (loss) before
 income taxes and
 extraordinary items (24,427) 172,767 (100,753) (981,501)
 Income taxes (7,000) 1,000 1,000 1,000
 Net profit (loss) before
 extraordinary item (17,427) 171,767 (101,753) (982,510)
 Extraordinary item 38,389 -- 441,931 433,472
 Net profit (loss) $20,962 $171,767 $340,178 $(549,029)
 Net profit (loss) per
 common share $.01 $.08 $.15 $(.25)
 Average common share
 outstanding 2,221,686 2,221,686 2,221,686 2,221,686
 -0- 8/6/92
 /CONTACT: Lee Miller of Infinite Graphics, 612-721-6283/ CO: Infinite Graphics Incorporated ST: Minnesota IN: SU: ERN


KH -- MN010 -- 7779 08/06/92 17:23 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 6, 1992
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