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MIRROR TECHNOLOGIES REPORTS NET LOSS FOR SECOND QUARTER

 MIRROR TECHNOLOGIES REPORTS NET LOSS FOR SECOND QUARTER
 ROSEVILLE, Minn., Nov. 13 /PRNewswire/ -- Mirror Technologies


(NASDAQ: MIRR) reported a net loss during the second quarter ended Sept. 30, 1992 of $337,352, or $.02 per share, compared to a net loss of $51,818, or $.00 per share, for the second quarter last year. Net sales for the quarter ended Sept. 30, 1992 were $4,963,662, reflecting a 14 percent increase over the same period last year. The net loss for the six months ended Sept. 30, 1992 was $318,376, or $.02 per share, compared to a net loss of $264,382, or $.02 per share, for the same period last year. Net sales for the six months ended Sept. 30, 1992 were $10,525,451, compared to $8,578,617 for the same period last year, reflecting an increase of 23 percent from the prior year.
 "While our second quarter financial results were below expectations," said Ronald E. Eibensteiner, president and CEO, "we remain excited and enthusiastic about Mirror's long-term prospects. In particular, the company has aggressively initiated development of the proprietary and innovative products which we believe will result in increased sales and improved gross margins."
 The company recently announced the acquisition of 100 percent of the outstanding stock of the Envisio, Inc., a Minnesota privately held, worldwide marketer of computer display and presentation products. Mirror exchanged 2,750,020 shares of its common stock for the common stock of Envisio. "Envisio has developed a very effective reseller presence in the Macintosh marketplace, which makes Envisio ideal to market Mirror's new products," said Eibensteiner. "We believe that the acquisition of Envisio can be very important for the long-term success of Mirror."
 Mirror Technologies is a worldwide, direct marketer of mass storage devices, large screen monochrome and color monitors, and other peripheral products for the Macintosh computer.
 MIRROR TECHNOLOGIES
 Second Quarter Ended
 9/30/92 9/30/91
 Sales $4,963,662 $4,336,819
 Net earnings (loss) $(337,352) $(51,818)
 Per share $(.02) $(.00)
 Six Months Ended
 9/30/92 9/30/91
 Sales $10,525,451 $8,578,617
 Net earnings (loss) $(318,376) $(264,382)
 Per share $(.02) $(.02)
 -0- 11/13/92
 /CONTACT: Ronald E. Eibensteiner, president of Mirror Technologies, 612-633-4450/
 (MIRR) CO: Mirror Technologies ST: Minnesota IN: CPR SU: ERN


KH -- MN019 -- 0907 11/13/92 17:12 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 13, 1992
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