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INNOVEX DISCUSSING POTENTIAL SALE OF PHOTO EQUIPMENT BUSINESS

 INNOVEX DISCUSSING POTENTIAL SALE OF PHOTO EQUIPMENT BUSINESS
 HOPKINS, Minn., June 9 /PRNewswire/ -- Innovex, Inc. (NASDAQ-NMS: INVX) today announced it has entered preliminary discussions with several potential buyers of its Photo Equipment Market Group.
 Thomas W. Haley, Innovex's chairman and chief executive officer, said these preliminary discussions reflect the company's decision that the photo equipment business no longer constitutes a strategic fit with long-term business plans. The photo group is the nation's largest manufacturer of multi-image printers and related automated systems for professional photo laboratories.
 As the company moves forward, Haley said, Innovex will focus its resources on the Disk Drive Market Group, the nation's largest manufacturer of thin-film lead wire assemblies for the disk drive market. The company is also developing medical applications for its advanced fine wire technology.
 Reflecting this market repositioning, the company previously announced plans to dissolve its Mar Engineering subsidiary, which manufactures high-precision grinding systems.
 The Photo Equipment Market Group posted sales of $18,205,000 in fiscal 1991, compared to $16,532,000 for the Disk Drive Market Group.
 The company's common stock is traded on the National Market System under the NASDAQ symbol INVX.
 -0- 6/9/92
 /CONTACT: Richard J. FitzGerald of Innovex, 612-371-3252/
 (INVX) CO: Innovex, Inc. ST: Minnesota IN: CPR SU:


KH -- MN006 -- 8356 06/09/92 12:07 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
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