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MOLTEN METAL TECHNOLOGY ANNOUNCES FIRST-QUARTER RESULTS

 Molten Metal Technology, Inc. (NASDAQ: MLTN) reported financial results for the quarter ended March 31, 1993. Molten Metal Technology reported revenues of $256,650 and a net loss of $2.96 million (20 cents per share), which is in line with estimates. The decrease in revenues from the first quarter of 1992 is a result of Molten Metal Technology focusing its efforts on the construction and initial start-up of its Recycling Research and Development Center in Fall River, Mass.
 "We had an extremely strong quarter, making significant progress towards many of our goals for 1993," said William M. Haney, III, president and CEO. "1993 is a key year for the commercialization of our revolutionary technology, and the first quarter has set a solid foundation from which we can work to accomplish our objectives."
 Molten Metal Technology closed a private placement and a public offering in the first quarter, raising over $60 million. Underwritten by Oppenheimer & Co., and Alex. Brown & Sons, Inc., the public offering sold 3,450,000 shares at $14 per share. The stock began trading on February 11, 1993.
 Molten Metal Technology completed construction of its Recycling Research and Development Center in Fall River in January, 1993. The commercial scale system is currently undergoing the final stages of pre- commercialization trials.
 Molten Metal Technology's intellectual property position has grown significantly with the issuance of three new U.S. patents since the start of 1993, including one covering the use of CEP with radioactive compounds.
 Molten Metal Technology is an environmental technology company commercializing a breakthrough proprietary recycling technology known as Catalytic Extraction Processing (CEP). CEP makes valuable products from wastes by dissolving them in a molten metal bath. Broadly applicable to a wide variety of hazardous and non-hazardous wastes, CEP has the potential to obviate the need for incineration and landfilling.
 MOLTEN METAL TECHNOLOGY, INC.
 CONSOLIDATED STATEMENT OF OPERATIONS
 Quarter Ended Quarter Ended
 March 31, 1993 March 31, 1992
 (unaudited)
 Revenue $256,650 $2,017,498
 Cost of revenue 257,227 1,783,142
 Research & development 2,146,661 301,465
 Selling, general and
 administrative 1,089,523 732,675
 Net loss ($2,957,203) ($745,178)
 Net loss per share (20 cents) (6 cents)
 Shares used in computing net
 loss per share 14,571,853 12,840,747
 Supplementary net loss per
 share (18 cents) (5 cents)
 Shares used in computing
 supplementary net loss per
 share 16,524,563 14,507,412
 MOLTEN METAL TECHNOLOGY, INC.
 CONDENSED CONSOLIDATED BALANCE SHEET
 March 31, 1993 Dec. 31, 1992
 (unaudited)
 Assets:
 Current assets $57,907,952 $2,647,090
 Long-term assets 10,999,735 8,876,086
 Total 68,907,687 11,523,176
 Liabilities and stockholders
 equity:
 Current liabilities $2,446,749 $2,719,966
 Long-term liabilities 5,735,864 3,538,531
 Stockholders equity 60,725,074 5,264,679
 Total $68,907,687 $11,523,176
 -0- 5/11/93
 /CONTACT: Benjamin T. Downs, vice president finance and administration, Molten Metal Technology, 617-487-7654/
 (MLTN)


CO: Molten Metal Technology ST: Massachusetts IN: ENV SU: ERN

AK-DJ -- NE020 -- 7129 05/11/93 14:12 EDT
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Date:May 11, 1993
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