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NATEC RESOURCES ANNOUNCES YEAR-END RESULTS

 NATEC RESOURCES ANNOUNCES YEAR-END RESULTS
 HOUSTON, March 19 /PRNewswire/ -- NaTec Resources, Inc.


(NASDAQ: NATC) today reported operating results for the fourth quarter and for the year ended Dec. 31, 1991.
 For the three months ended Dec. 31, 1991, NaTec had a net loss of $1.8 million on revenues of $405,000 compared with a net loss of $1.1 million on revenues of $873,000 for the corresponding period of the prior year. Results for the three months ended Dec. 31, 1990, included a gain on sale of assets of a subsidiary of $500,000.
 For the year ended Dec. 31, 1991, the net loss was $7 million on revenues of $2.1 million compared with a net loss of $4.8 million on revenues of $2.9 million. The increase in the net loss in the current year, as compared to fiscal year 1990, is primarily attributable to preferred stock dividends, the excess of start-up production costs over inventoried costs, and an increase in interest expense. The nahcolite facility was under construction in 1990 and completed in the first quarter of 1991.
 Socrates Christopher, chairman and CEO of NaTec, said, "The company continued to adjust to the delayed development of the clean air market in 1991. The successful start-up of our nahcolite production facility has positioned us to take advantage of the market as it develops. Additionally, we are greatly encouraged by the current level of interest and activity, from both the domestic industrial sector and from Europe, in our dry sorbent injection technology."
 NaTec Resources is committed to the control of pollutants commonly associated with acid rain. The company provides consulting engineering, injection system installation, operations and maintenance services, and processed sorbent supply. Primary markets are utility, industrial power generation, pulp and paper, refining and municipal solid waste.
 NATEC RESOURCES, INC. AND SUBSIDIARIES
 Consolidated Statement of Operations
 Periods ended Three Months Year
 Dec. 31 1991 1990 1991 1990
 Revenues $405,354 $873,333 $2,098,008 $2,894,555
 Cost of sales 406,788 525,927 1,711,896 1,824,127
 Gross profit (1,434) 347,406 386,112 1,070,428
 Excess of
 production costs
 over inventoried
 costs 336,687 -- 849,433 --
 Operating costs 1,001,976 2,099,240 4,961,755 7,005,248
 Loss from
 operations (1,340,097) (1,751,834) (5,425,076) (5,934,820)
 Gain on disposal
 of assets of
 subsidiary -- 500,117 -- 500,117
 Other income and
 expense (116,317) 125,363 (84,852) 611,623
 Net loss (1,456,414) (1,126,354) (5,509,928) (4,823,080)
 Preferred stock
 dividends 357,500 -- 1,486,569 --
 Net loss
 attributable to
 common shares $(1,813,914) $(1,126,354) $(6,996,497) $(4,823,080)
 Net loss per
 common share $(0.07) $(0.04) $(0.28) $(0.19)
 Average shares
 outstanding 25,442,634 25,045,989 25,286,098 25,045,989
 -0- 3/19/92
 /CONTACT: Glenn Hobratschk of NaTec Resources, 713-552-2156/
 (NATC) CO: NaTec Resources Inc. ST: Texas IN: SU: ERN


CK -- NY055 -- 9682 03/19/92 12:19 EST
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Publication:PR Newswire
Date:Mar 19, 1992
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