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MARTECH USA REPORTS RESULTS FOR SECOND QUARTER OF FISCAL 1993

 ANCHORAGE, Alaska, March 23 /PRNewswire/ -- Martech USA Inc. (NYSE: MUS) today reported results for the fiscal 1993 second quarter, ended Feb. 28, 1993.
 Revenues for the second quarter of 1993 increased 14 percent to $15.9 million from $13.9 million in the second quarter of 1992. Net income for the second quarter was $1.4 million, or 14 cents per share, compared to $1.9 million, or 19 cents per share, the prior year. In the second quarter of last year, 35 percent of the company's revenues were attributable to the Allseas project off the coast of California, which produced gross margins significantly higher than the company's average margins.
 Revenues for the first half of 1993 were $38.2 million, compared to $25.6 million for the same period a year earlier. Net income for the first half was $3.0 million, or 30 cents per share. Net income for the first half of 1992, before a non-recurring gain on the sale of 50-percent interest in Eastern European operations, was $2.7 million (27 cents per share). The non-recurring gain was $1.2 million (12 cents per share), resulting in a total net income for the first half of 1992 of $3.9 million (39 cents per share).
 "Traditionally, our second quarter is our least profitable period, but for the second year in a row we have produced a solid bottom line in this typically slow quarter," said Ben C. Tisdale, chairman and chief executive officer.
 Martech USA Inc. provides a comprehensive range of environmental remediation as well as specialized marine and construction services worldwide.
 -0- 3/23/93
 /CONTACT: Annette Hamilton, public relations manager, of Martech USA, 907-561-1970/
 (MUS)


CO: Martech USA ST: Alaska IN: ENV SU: ERN

LM-GT -- SE004 -- 8490 03/23/93 07:50 EST
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Date:Mar 23, 1993
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