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LUXTEC CORPORATION REPORTS RECORD SALES FOR FOURTH QUARTER AND YEAR 1993

 WORCESTER, Mass., Dec. 7 /PRNewswire/ -- Luxtec Corporation (NASDAQ: LUXT) today announced record revenues for the fourth quarter and fiscal year ended Oct. 31, 1993.
 Net revenues for the quarter increased 18.9 percent to $1,968,872, compared to $1,655,420 for the same quarter last year. For the full year ended Oct. 31, 1993, net revenues increased 11.5 percent to $6,734,477 compared to $6,040,448 for the previous year.
 "Our investment in a more aggressive marketing program began to have an impact as demonstrated by record high sales achieved for the second straight quarter," said James W. Hobbs, president and chief executive officer. "We overcame a slow beginning and brought full year sales to a new record high."
 Luxtec's net earnings for the quarter decreased by 17.8 percent to $75,310 or 3.8 percent of net sales, from $91,650 for the fourth quarter of last year. Earnings per share decreased by 28.6 percent to $.05 per share for the quarter compared to $.07 per share for the same quarter last year. Net earnings for the full year were $152,799, or $0.11 per share compared to $407,126, or $0.29 for the previous year.
 "Luxtec's earnings were lower for 1993 compared to 1992 as a result of two one-time events involving non-recurring expenses: the departure of Bernard Clark, former president and chief executive officer, and a reserve for an anticipated arbitration decision held against the company concerning an employee who left the company in 1990," Hobbs explained. "These unforeseen expenses have been put behind us."
 Hobbs went on to explain that Luxtec's lower earnings could also be attributed in part to increased sales and marketing expenses as an investment in Luxtec's growth strategy.
 "With our continued investment in sales and marketing and the planned expansion in Europe next year, we look forward to continued growth," he said.
 Luxtec is a leading manufacturer of fiber optic lighting products and associated specialty items for use by surgeons in operating rooms.
 LUXTEC CORPORATION RESULTS
 Periods Ended Three Months Twelve Months
 Oct. 31, 1993 1992 1993 1992
 Net Sales $1,968,872 $1,655,420 $6,734,477 $6,040,448
 Net Profit $75,310 $91,650 $152,799 $407,126
 Net Profit per share $ 0.05 $0.07 $0.11 $0.29
 Outstanding Shares 1,401,200 1,401,200 1,401,200 1,401,200
 -0- 12/7/93
 /CONTACT: James W. Hobbs, president and CEO, or Sam Stein, CFO, both of Luxtec Corporation, 508-856-9454, or Lorraine Ruff of Stoorza Ziegaus & Metzger, Inc., 619-236-1332, home 619-755-5610/
 (LUXT)


CO: Luxtec Corporation ST: Massachusetts IN: MTC CPR SU: ERN

DJ -- NE003 -- 1149 12/07/93 08:37 EST
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Date:Dec 7, 1993
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