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MICHIGAN RIVET REPORTS EARNINGS

 WARREN, Mich., Jan. 29 /PRNewswire/ -- Michigan Rivet Corporation announced its results of operations for the fourth quarter and year ended Oct. 31, 1992.
 Sales for the quarter ended Oct. 31, 1992, were $8,011,000, down 15 percent from the same quarter in 1991. Net loss was ($86,000) or ($0.13) per share for the quarter ended Oct. 31, 1992.
 For the year ended Oct. 31, 1992, sales were $31,364,000, up 9 percent from 1991. Net loss was ($353,000) or ($0.55) per share compared to a net loss of ($980,000) or ($1.53) per share for the prior year.
 MICHIGAN RIVET CORPORATION
 Three Months Ended Nine Months Ended
 Oct. 31, Oct. 31,
 1992 1991 1992 1991
 Net Sales $8,010,943 $9,470,583 $31,364,216 $28,755,739
 Net Income
 (Loss) ($86,164) $161,059 ($352,618) ($979,603)
 Earnings (Loss)
 Per Share ($0.13) $0.25 ($0.55) ($1.53)
 Michigan Rivet Corporation produces specialty fasteners for the automotive industry. Its manufacturing facilities are located in Warren and Petoskey, Mich. Michigan Rivet's stock is traded on the Michigan Over-the-Counter Exchange.
 -0- 1/29/93
 /CONTACT: William P. Lianos, vice president & treasurer of Michigan Rivet Corporation, 313-754-5100/


CO: Michigan Rivet Corporation ST: Michigan IN: AUT SU: ERN

DH -- DE009 -- 0627 01/29/93 09:19 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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