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INSIGNIA SYSTEMS, INC. REPORTS RECORD REVENUES AND SECOND QUARTER PROFIT

 MINNEAPOLIS, July 20 /PRNewswire/ -- Insignia Systems, Inc. (NASDAQ: ISIG) today reported net sales of $3,471,461 for the second quarter ended June 30, 1993, an increase of 28 percent, compared to net sales of $2,707,138 for the second quarter of 1992. Net income for the second quarter of 1993 was $41,347, or $.01 per share, compared to net income of $104,262, or $.02 per share for the second quarter of 1992.
 For the six months ended June 30, 1993, net sales were $6,856,687, an increase of 31 percent compared to sales of $5,221,146 for the first half of 1992. Net income for the first half of 1993 was $149,066, or $.03 per share, compared to net income of $155,417, or $.03 per share, for the same period of 1992.
 G.L. Hoffman, president and CEO of Insignia stated, "We are pleased with our track record of continuing to increase revenue on a quarter-to- quarter basis. We were also able to generate positive earnings even though we have decided to hire more sales and marketing personnel and invest heavily in future product opportunities. We've added 36 sales and marketing people in the first half of 1993, a 33 percent increase in our work force and we continue to invest in Stylus(R), our PC-based software sign and label product that was officially introduced during the second quarter of 1993. We believe these investments in sales people and new product development activities will begin to contribute in late 1993 and give us momentum moving into 1994. We continue to balance our desire for increasingly positive shorter term results with our longer term goal of becoming a large, highly profitable company."
 Insignia Systems, Inc. markets the Impulse(R) Sign System for use by retail merchants to quickly and easily produce high quality signs of varying sizes in their store.
 INSIGNIA SYSTEMS, INC.
 RESULTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Six Months Ended
 6/30/93 6/30/92 6/30/93 6/30/92
 Net sales $3,471,461 $2,707,138 $6,856,687 $5,221,146
 Costs and expenses 3,465,653 2,646,209 6,782,715 5,150,267
 Net income $41,347 $104,262 $149,066 $155,417
 Net income per share $.01 $.02 $.03 $.03
 Weighted average shares
 and share equivalents
 outstanding 5,283,106 5,351,076 5,286,303 5,361,038
 -0- 7/20/93
 /CONTACT: John A. Fahlberg, EVP-finance/CFO for Insignia Systems, 612-930-8203/
 (ISIG)


CO: Insignia Systems, Inc. ST: Minnesota IN: SU: ERN

KH -- MN012 -- 6807 07/20/93 12:18 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
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