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M-SYSTEMS FLASH DISK PIONEERS ANNOUNCES FOURTH QUARTER AND YEAR END RESULTS

 TEL-AVIV, Israel, May 11 /PRNewswire/ -- M-Systems Flash Disk Pioneers Ltd. (NASDAQ: FLSHF, FLSWF) announced today a net profit of $597,787, or $0.18 per share, for the year ended Dec. 31, 1992, compared to a net loss of $38,849, or $0.01 per share, in 1991.
 For the fourth quarter of 1992, the company's unaudited reports show a net profit of $37,167 or $0.01 per share, compared to a net loss of $55,609 or $0.02 per share in the fourth quarter of the previous year.
 Sales for the year totaled $2,317,141, compared to $156,784 in 1991. Sales for the fourth quarter were $679,280, compared to $68,041 in the fourth quarter of the previous year.
 In view of the worldwide shortage of Flash chips, upon which the company's products are largely based, the company expects delays in supplying the increasing demand for its products, and may experience losses in the second quarter of 1993, as a result thereof. The company expects that Flash components will be available in larger quantities in the second half of 1993.
 The company and its subsidiary, EUROM Ltd., recently filed a number of U.S. patent applications for new products. One of these products is the Disk On Chip, which is a miniaturized electronic disk. This is practically, the smallest disk in the world. The Disk On Chip is available in capacities of 1-16 MBytes.
 AATKS, a venture capital fund managed by Gideon Tolkowsky and Yadin Kaufmann, has notified the company of its election to exercise its option pursuant to an agreement entered into in September 1992. The option is to purchase 134,374 ordinary shares, and will increase their ownership from 2.8 percent to 5.6 percent.
 M-Systems Flash Disk Pioneers Ltd. develops, manufactures and markets Flash disk solutions. EUROM, its subsidiary, develops proprietary smart memory devices.
 M-SYSTEMS FLASH DISK PIONEERS LTD.
 Consolidated Income Statement Data:
 Year ended Dec. 31 1992 1991
 Sales $2,317,141 $156,784
 Net income (loss) 597,787 (38,849)
 Earnings (loss) per share $0.18 $(0.01)
 Weighted average number of
 ordinary shares outstanding 3,316,032 3,316,032
 Three months ended Dec. 31 1992 1991
 (Unaudited)
 Sales $ 679,280 $ 68,041
 Net income (loss) 37,167 (55,609)
 Earnings (loss) per share $0.01 $(0.02)
 Weighted average number of
 ordinary shares outstanding 3,316,032 3,316,032
 Consolidated Balance Sheet Data:
 Dec. 31 1992 1991
 Working capital (deficiency) $111,498 $(446,356)
 Shareholders' equity (deficiency) 531,090 (407,344)
 -0- 5/11/93
 /CONTACT: Dana Gross, vice president-operations, 972-3-490-920/
 (FLSHF)


CO: M-Systems Flash Disk Pioneers Ltd. ST: IN: SU: ERN

TS-PS -- NY010 -- 6845 05/11/93 08:14 EDT
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Date:May 11, 1993
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