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KETEMA REPORTS FISCAL 1993 RESULTS

 DENVER, April 21 /PRNewswire/ -- Ketema Inc. (AMEX: KTM) reported today a net loss of $3.8 million or $1.02 per share on sales of $155.2 million for fiscal 1993, compared to a net loss of $3.0 million or 77 cents per share on sales of $167.7 million for the prior fiscal year. On an after tax basis, the fiscal 1993 loss includes $2.4 million of expenses due to an increase in research and development and environmental costs, which management does not expect to recur, and $1.4 million in reduced investment income principally resulting from lower interest rates. Fiscal 1992 included a restructuring charge of $4.9 million after tax.
 Sales for the fourth quarter of fiscal 1993 were $37.6 million, down from $38.2 million in the fourth quarter of the prior year. The net loss for the fourth quarter of fiscal 1993 was $2.7 million compared to $5.2 million in the comparable quarter of the prior year. Fiscal 1993 includes $1.2 million attributable to increased environmental expense and lower investment income; fiscal 1992 included the restructuring charge noted above.
 In reviewing the results for the fiscal year, Hugh H. Williamson, III, president of the diversified manufacturer, stated, "In fiscal 1993, we made substantial investments in research and development to enhance the long-term prospects for the company. We also operated in a sluggish economy which resulted in depressed sales at most of our divisions and lower income on investments due to lower interest rates. The Aerospace & Electronics division continued to experience delays and extensions of aerospace customer requirements and the Aluminum Extrusion division is still struggling with the soft market conditions in the construction industry on the West Coast. While we anticipate that these factors will also adversely affect Ketema's results in the near term, we are continuing to respond to the changing market conditions through aggressive cost reduction programs and by right-sizing our operations."
 Ketema, with headquarters in Denver, is a diversified industrial manufacturer of advanced materials, components and equipment, and a provider of design services for the aerospace, process, computer and construction industries.
 KETEMA INC.
 For the Fourth Quarter For the Year Ended
 Feb. 28, Feb. 29, Feb. 28, Feb. 29
 1993 1992 1993 1992
 Net sales $37,643,000 $38,229,000 $155,250,000 $167,686,000
 Restructuring
 charge(a) --- 7,385,000 --- 7,385,000
 Operating loss (3,371,000) (7,753,000) (2,951,000) (4,223,000)
 Loss before
 cumulative effect
 of changes in
 accounting
 principles (2,702,000) (5,246,000) (3,789,000) (3,215,000)
 Cumulative effect
 of changes in
 accounting
 principles(b) --- --- --- 208,000
 Net loss $(2,702,000) $(5,246,000) $(3,789,000) $(3,007,000)
 Loss per
 common share:
 Loss before
 cumulative effect
 of changes in
 accounting
 principles $(0.73) $(1.34) $(1.02) $(0.82)
 Cumulative effect
 of changes in
 accounting
 principles --- --- --- 0.05
 Net loss $(0.73) $(1.34) $(1.02) $(0.77)
 Average shares
 outstanding(c) 3,681,894 3,912,588 3,718,380 3,927,400
 (a) Restructuring charge consisted primarily of the write-down of
 intangible and other assets related to the woven fabric
 composite material business, expenses related to the
 consolidation of various facilities and relocation costs.
 (b) The results for the year ended Feb. 29, 1992 have been restated
 to reflect the adoption of a new accounting standard for income
 taxes and a change in the method of accounting for existing
 individual deferred compensation contracts as of March 1, 1991.
 (c) There is no dilutive effect on per share amounts assuming the
 conversion of the Debentures into additional shares of Common
 Stock.
 -0- 4/21/93
 /CONTACT: Claire R. DeLabar of Ketema, 303-329-7188/
 (KTM)


CO: Ketema Inc. ST: Colorado IN: ARO CPR SU: ERN

BB -- DV004 -- 8722 04/21/93 12:09 EDT
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Date:Apr 21, 1993
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