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MESA LABORATORIES ANNOUNCES RECORD QUARTERLY SALES AND LETTER OF INTENT TO ACQUIRE NUSONICS

 WHEAT RIDGE, Colo., Jan. 21 /PRNewswire/ -- Mesa Laboratories Inc. (NASDAQ: MLAB) today reported record quarterly sales during the fiscal third quarter ended Dec. 31, 1992.
 For the first nine months of fiscal 1993, net sales increased 13 percent to $3,114,000 from $2,750,000 in the like period last year. Net income for the period rose 11 percent to $630,000 or 14 cents per share compared to $566,000 or 13 cents per share last year.
 During the fiscal third quarter, net sales rose 8 percent to a record $1,103,000 from $1,025,000 in the like quarter last year. Net income for the quarter was $253,000 or 6 cents per share compared to $252,000 or 6 cents per share last year when a $24,000 gain from the sale of certain coagulation technology was realized.
 In a separate development, Mesa Laboratories announced that it has signed a letter of intent to acquire the assets of NUSONICS, Inc. for cash and notes. NUSONICS, a privately held company based in Tulsa, Okla., develops, manufactures and markets ultrasonic flow measurement instruments for industrial process control and fluid transfer applications.
 NUSONICS' product lines include transit time flow meters for both wetted transducer and strap-on transducer applications, concentration analyzers and pipeline interface detectors. NUSONICS' operations are profitable and revenues in fiscal 1992 exceeded $3 million.
 Completion of the acquisition is scheduled to occur during the next 3 to 6 weeks and the final terms of the acquisition are subject to negotiation of a definitive purchase agreement and satisfactory due diligence results.
 Mesa Laboratories develops, acquires, manufactures and markets electronic measurement instruments for industrial, pharmaceutical and food processing applications and medical products used in kidney dialysis.
 MESA LABORATORIES INC.
 FINANCIAL SUMMARY
 Three Months Ended
 Dec. 31, 1992 Dec. 31, 1991
 Net sales $1,103,000 $1,025,000
 Net income $253,000 $252,000
 Earnings per share $.06 $.06
 Average shares 4,422,000 4,310,000
 Nine Months Ended
 Dec. 31, 1992 Dec. 31, 1991
 Net sales $3,114,000 $2,750,000
 Net income $630,000 $566,000
 Earnings per share $.14 $.13
 Average shares 4,418,000 4,304,000
 -0- 1/21/93
 /CONTACT: Luke R. Schmieder of Mesa Laboratories, 303-431-4474/
 (MLAB)


CO: Mesa Laboratories Inc. ST: Colorado IN: MTC SU: ERN

MC -- DV003 -- 7381 01/21/93 11:48 EST
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Publication:PR Newswire
Date:Jan 21, 1993
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