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MEDIA LOGIC REPORTS SALES OF $21.3 MILLION, NET EARNINGS $4.2 MILLION; OFFERING PLANNED

 PLAINVILLE, Mass., May 11 /PRNewswire/ -- Media Logic, Inc. (AMEX: TST) today reported sales for the fiscal year ended March 31, 1993 of $21,267,208 as compared to the previous year's sales of $8,572,425.
 Net earnings were $4,228,409, or $1.01 per share of common stock outstanding, up from the prior year's net earnings of $949,324, or 25 cents per share (adjusted for the 2-for-1 stock split of March 23, 1993).
 In the fiscal fourth quarter, Media Logic's sales rose to $6,726,485 from sales of $2,957,786 in the comparable period a year ago.
 Media Logic's net earnings in the quarter just ended were $1,498,449, or 35 cents per common share outstanding, compared with $523,213, or 13 cents per share in the fourth quarter a year ago (adjusted for the split).
 "Worldwide demand for computer disk certifiers and evaluators has been strong," said David R. Lennox, president and chief executive officer of the company. "At fiscal year end we held a backlog of $7.1 million in orders. Although we do not regularly report backlog, since it may not precisely reflect future sales, this total is significant in that it is the largest in our history."
 In a related announcement, Paul M. O'Brien, Media Logic's chief financial officer, said the company plans to file a registration statement with the Securities and Exchange Commission to offer approximately 1 million additional shares of common stock. Three officers of the company will sell an additional total of 225,000 shares. Media Logic currently has 3.9 million shares of common stock outstanding of which 34 percent or 1,308,000 shares are owned by company officers. The common stock is traded on the American Stock Exchange under the symbol TST.
 Media Logic develops, manufactures and sells certification and evaluation equipment for computer storage media. The company also manufactures and sells AccuCopy Industrial Disk Drives and Heads and sells Media Logic 3.5 inch disks.
 Media Logic, Inc.
 Fourth Quarter Ended 3/31/93
 12 Months Ended 3/31/93
 Income Statement Three Months Ended Twelve Months Ended
 March 31, March 31,
 1993 1992 1993 1992
 Net sales 6,726,485 2,957,786 21,267,208 8,572,425
 Pre tax earnings 1,980,894 606,213 6,380,409 1,085,324
 Taxes 482,445 83,000 2,152,000 136,000
 Net earnings 1,498,449 523,213 4,228,409 949,324
 Earnings per share
 post split 3/14/93 35 cents 13 cents 1.01 25 cents
 Balance Sheet 3/31/93 3/31/92
 Current assets:
 Cash 6,047,556 888,023
 Receivables 3,514,907 1,643,356
 Inventories 2,383,956 1,329,987
 Other 371,411 124,901
 Prop & equip.
 Net 543,321 568,706
 Other assets 17,446 ---
 Total assets 12,878,597 4,554,973
 Liabilities & equity
 Accts. payable 1,872,202 891,052
 Debt 0 5,625
 Accrued income tax 1,950,267 218,000
 Other 1,226,218 479,999
 Total liabilities 5,048,687 1,594,676
 Equity:
 Common stock 38,828 36,520
 Paid in capital 2,988,625 2,352,043
 Accumulated earnings 4,800,143 571,734
 Cumulative translation 2,314 ---
 Total liab & equity 12,878,597 4,554,973
 ----
 NOTE: All share and per share amounts have been adjusted for the 2- for-1 stock split of March 23, 1993.
 -0- 5/11/93
 /CONTACT: Paul M. O'Brien of Media Logic, 508-695-2006/
 (TST)


CO: Media Logic, Inc. ST: Massachusetts IN: CPR SU: ERN

DD -- NE010 -- 6927 05/11/93 10:17 EDT
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Date:May 11, 1993
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