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MOREHOUSE INDUSTRIES REPORTS EARNINGS

 MOREHOUSE INDUSTRIES REPORTS EARNINGS
 FULLERTON, Calif., March 16 /PRNewswire/ -- Morehouse Industries


Inc. (NASDAQ: MIXS) reports earnings of $148,000, or $0.04 per share, on sales of $2,075,000 for the three months ended Feb. 28, 1992, vs. earnings of $50,000, or $0.01 per share, on sales of $937,000, for the three months ended Feb. 28, 1991.
 For the six months ended Feb. 28, 1992, Morehouse reports earnings of $224,000, or $0.06 per share, on sales of $3,219,000, vs. earnings of $79,000, or $0.02 per share, on sales of $1,891,000 for the six months ended Feb. 28, 1991.
 MOREHOUSE INDUSTRIES
 Financial Data
 Three months ended Six months ended
 Feb. 28, Feb. 28, Feb. 28, Feb. 28,
 1992 1991 1992 1991
 Net sales $2,075,000 $937,000 $3,219,000 $1,891,000
 Net earnings
 (loss) 148,000 50,000 224,000 79,000
 Net earnings
 (loss) $0.04 $0.01 $0.06 $0.02
 Morehouse Industries is now actively seeking another acquisition to accelerate the company's growth.
 The company also reports that its Chief Executive Officer and Chairman James R. Swartwout, intends to acquire additional stock, in the OTC market place.
 Subsidiary, Morehouse-COWLES Inc., manufactures mixing, dispersing and milling machinery for various process industries, including manufacturers of paint, ink, adhesives, paper coatings and magnetic media. Subsidiary, GST Industries Inc., manufactures proprietary water cannons and related fire-fighting equipment for the petro-chemical industry and mining and municipal markets. GST also supplies proprietary assemblies to the aerospace industry.
 -0- 3/16/92
 /CONTACT: Jim Swartwout, CEO and chairman of Morehouse Industries, 714-738-5000/
 (MIXS) CO: Morehouse Industries ST: California IN: CHM SU: ERN


EH-CH -- LA002 -- 8190 03/16/92 10:00 EST
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Date:Mar 16, 1992
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