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MACLAND ANNOUNCES SECOND QUARTER RESULTS

 MACLAND ANNOUNCES SECOND QUARTER RESULTS
 TEMPE, Ariz., Aug. 14 /PRNewswire/ -- MacLand Inc., the direct


channel marketer of high-end hardware for the Apple Macintosh computer line, announced operating results for the second quarter ending June 30, 1992.
 The company reported revenue of $3,358,500 for the three months ended June 30, 1992, a decrease of 35 percent over the comparative quarter last year. Company President Michael D. Rather said, "The direct channel marketplace suffered a slowdown in activity during the second quarter of 1992, relative to the sluggishness of the U.S. economy. In addition, the decrease in revenues compared to 1991 was also due to the company's decision in late 1991 to close down its U.S. Computer Merchants divisions, which sold peripheral products in the Macintosh marketplace and IBM compatible computers and peripherals in the IBM computer marketplace." As a result, overall revenues for the six months ended June 30, 1992 decreased approximately 16 percent, to $8,174,000 compared to the first half of 1991. Due to the decrease in revenues, the company reported a net loss of $53,354 or $.01 per share, and a net loss of $35,007, or $.00 per share, for the three and six months periods ended June 30, 1992, compared to income of $13,252, or $.00 per share, and income of $70,230, or $.01 per share for the comparable periods in 1991.
 MacLand remains in solid financial condition, with over $700,000 in cash, and over $1,700,000 in working capital at June 30, 1992. The company continues to have no long term debt.
 EARNINGS RECAP
 Three and Six Months Ended June 30:
 Three Months Ended Six Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Revenues $3,358,500 $5,171,929 $8,174,075 $9,779,904
 Net (loss)
 income (53,354) 13,252 (35,007) 70,230
 Income (loss)
 per share (.01) .00 (.00) .01
 For more information, fax to 602-345-2217, call 800-333-3353 or write to MacLand Inc., 4685 S. Ash Ave., Suite H-5, Tempe, AZ 85282.
 -0- 8/14/92
 /CONTACT: David Johnson of MacLand, 800-333-3353/ CO: MacLand Inc. ST: Arizona IN: CPR SU: ERN


BP-LS -- LA022 -- 0140 08/14/92 15:59 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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