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LAMCOR ANNOUNCES FOURTH QUARTER RESULTS

 LE SUEUR, Minn., Jan. 14 /PRNewswire/ -- Lamcor, Inc., announced today results for the fourth quarter ended Sept. 30, 1993. Net income for the current period was down to $20,426 or $.02 per share, compared with net income of $49,907 or $.04 per share, reported last year. Net sales were up to $1,002,014 from $829,595 reported one year ago.
 Lamcor also announced operating results for the fiscal year ended Sept. 30, 1993. Net sales increased to $3,682,870 from $3,190,502 for the comparable period one year ago. Net income for the fiscal year decreased to $127,450 or $.09 per share, from $192,288 or $.16 per share posted last year.
 Management noted profits were lower than 1992 but was expected due to several factors including: a full time staff of three quality control people who were not occupying these positions one year ago, the addition of a full time maintenance engineer, and increased depreciation resulting from the purchase of a new Totani pouch machine.
 Management also would like to note the initial phase for the new plant expansion. Encompassing over 9,500 square feet, this addition will double the size of our manufacturing facility and will allow for greater efficiency as well as room for growth. Completion of the expansion is projected for March 1994. Total cost is expected to be around $200,000.
 Lamcor, Inc., based in Le Sueur, manufactures, markets and distributes flexible packaging and laminated films for food, medical, and industrial applications. The company's common stock is traded on the Minneapolis/St. Paul over-the-counter market.
 LAMCOR, INC.
 Three Months Ended 12 Months Ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Net sales $1,002,014 $829,595 $3,682,870 $3,190,502
 Net income $20,426 $49,907 $127,450 $192,288
 E.P.S. $.02 $.04 $.09 $.16
 -0- 1/14/94
 /CONTACT: Toby Jensen or Dave Shonka of Lamcor, 612-665-6658/


CO: Lamcor, Inc. ST: Minnesota IN: SU: ERN

DS-AL -- MN006 -- 2070 01/14/94 09:54 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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