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KEPTEL ANNOUNCES EARNINGS

 KEPTEL ANNOUNCES EARNINGS
 TINTON FALLS, N.J., Jan. 14 /PRNewswire/ -- Keptel (NASDAQ: KPTL)


announced today earnings for the first quarter ended Dec. 31 of $503,000 or $.11 per common share, the highest earnings level in seven quarters. This performance compares with $319,000 or $.07 per common share during the comparable quarter last year. This first quarter follows fourth quarter restructuring charges previously announced on Sept. 30 of $5,701,000 after which the company posted a loss of $3,953,000 or $.86 per common share for the fourth quarter and $3,103,000 or $.67 per share for the year ended Sept. 30, 1991.
 Richard K. Laird, president and chief executive officer, said, "The decision during the company's fourth quarter to restructure and accelerate production moves to our new facilities in the Southwest, as expected, served to boost earnings in the first quarter and set the stage for a strong year ahead. While impacted somewhat by the national economy, sales of the company's products to both Bell and non-Bell telephone companies were nonetheless solid at $11,766,000 for the quarter. Eighty percent of these products were manufactured during the quarter by the company's Maquiladora operation in El Paso, Texas, and Juarez, Mexico. In addition to this lower direct labor cost, smaller SG&A and R&D staffs as well as new lower interest rates negotiated this past summer and less overall debt served to strengthen income further."
 Laird further stated, "Finally, the last piece of the restructuring announced in September, the sale of the Armiger/Epitome product line, is still under consideration and while a number of firms have expressed interest in the line, no definitive contract of sale has yet been completed."
 Looking ahead, three of the company's new products designed for Bell sales are either now in customer trials or nearing completion which, when added to the company's solid current franchise, should boost revenues and earnings as the remaining three quarters of the year unfold.
 Keptel, Inc., headquartered in Tinton Falls, has facilities in Addison, Ill., El Paso and Juarez. Keptel, Inc. designs, manufactures and markets a diversified range of telecommunication and CATV test and transmission equipment as well as a full range of voice and data connection products.
 KEPTEL, INC.
 Comparative Statements of Income (Loss)
 Periods ended First quarter Quarter Year
 12/31/91 12/31/90 9/30/91 9/30/91
 Net sales $11,766,000 $11,824,000 $11,880,000 $48,503,000
 Income (loss)
 before income
 taxes 838,000 549,000 (6,293,000) (4,773,000)
 Provision (credit)
 for income taxes 335,000 230,000 (2,340,000) (1,670,000)
 Net income (loss) 503,000 319,000 (3,953,000) (3,103,000)
 Earning per share:
 Primary $0.11 $0.07 $(0.86) $(0.67)
 Fully diluted 0.11 0.07 (0.86) (0.67)
 Avg. shrs. outstg.:
 Primary 4,659,134 4,625,490 4,661,372 4,655,815
 Fully diluted 4,952,592 4,989,126 5,025,008 5,019,450
 -0- 1/14/92
 /CONTACT: Richard K. Laird of Keptel, 908-389-8800/
 (KPTL) CO: Keptel, Inc. ST: New Jersey IN: TLS SU: ERN


CK-OS -- NY042 -- 9551 01/14/92 12:21 EST
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Date:Jan 14, 1992
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