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MAGNETECH REPORTS BIG JUMP IN REVENUES

 FORT LAUDERDALE, Fla., Aug. 4 /PRNewswire/ -- MagneTech Corporation (NASDAQ: TAPE) said sales for the fiscal year ended June 30, 1993 were up 338 percent to $16.2 million vs. $4.8 million in fiscal 1992. The company also said final audited net earnings should be released next week and that indications are they will be "substantially" higher than earlier projections and street expectations of 9-10 cents per share.
 -0- 8/4/93
 /CONTACT: D. Courtney of MagneTech Corporation, 800-346-0856/
 (TAPE)


CO: MagneTech Corporation ST: Florida IN: SU:

JB-PC -- FL002 -- 9222 08/04/93 09:04 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
Words:96
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