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NORTECH SYSTEMS REPORTS FIRST QUARTER RESULTS COMPANY CONTINUES MOMENTUM; PROFITS AND SALES UP FROM 1992

 MINNEAPOLIS, April 27 /PRNewswire/ -- Nortech Systems Incorporated (OTC Bulletin Board: NSYS) reported net sales of $2,501,742 for the first quarter ended March 31, 1993, compared with net sales of $1,601,171 for the same period last year.
 Nortech Systems also reported net income of $233,634, or $.11 per share, for the first quarter ended March 31, 1993, compared with $145,968, or $.07 per share, for the same period last year. This represents the 13th consecutive profitable quarter for Nortech Systems.
 "Our strong first quarter results were as we predicted, and we're pleased to be maintaining last year's positive momentum," said Quent Finkelson, president and CEO of Nortech Systems. "We continue to strengthen our relationships with several new, large customers, and we anticipate revenue expansion to continue in the second quarter," added Finkelson.
 During the first quarter, Nortech Systems re-purchased 50,000 shares of its outstanding common stock in a private transaction. The company plans to use this stock to fund an employee gainsharing plan.
 Nortech Systems Incorporated is a manufacturer of wire harnesses, cable assemblies and electromechanical assemblies. Nortech Systems is based in Wayzata, Minn., with a primary 60,000-square-foot manufacturing facility in Bemidji, Minn., and a second manufacturing facility in Augusta, Wis. Nortech Systems supplies a wide spectrum of high technology and medical products manufacturers, including GE Medical Systems, Rosemount Inc. Control Systems Division, Cray Research, Control Data Systems, Seagate Technologies, 3M, Comtrol, OTC and Unisys.
 Nortech's subsidiary, SMR Medical Systems Incorporated, provides information management and maintenance for the health care industry.
 Nortech Systems Incorporated is traded through the OTC Bulletin Board and on the local over-the-counter market.
 NORTECH SYSTEMS INCORPORATED
 CONDENSED STATEMENTS OF OPERATIONS
 (Unaudited)
 First Quarter Ended
 3/31/93 3/31/92
 Net sales $2,501,742 $1,601,171
 Net income $233,634 $145,968
 Income per share $.11 $.07
 Weighted average number of shares 2,190,794 2,240,794
 CONDENSED BALANCE SHEETS
 3/31/93 12/31/92
 (Unaudited) (Audited)
 Cash and cash equivalents $505,023 $633,631
 Accounts receivable, net 1,217,876 1,151,598
 Inventories 1,208,349 1,212,292
 Other current assets 369,561 335,342
 Property and other assets 1,949,174 1,951,138
 Total assets $5,249,983 $5,284,001
 Current Liabilities $1,600,312 $1,687,690
 Long-term debt 903,536 977,635
 Shareholders' equity 2,746,135 2,618,676
 Total liabilities and
 shareholders' equity $5,249,983 $5,284,001
 -0- 4/27/93
 /CONTACT: Quent Finkelson of Nortech Systems, 612-473-4102; or Perry Ketchum of Ketchum & Metz, Inc., 612-349-2727, for Nortech Systems/
 (NSYS)


CO: Nortech Systems Incorporated ST: Minnesota IN: MTC SU: ERN

KH -- MN001 -- 1331 04/27/93 11:46 EDT
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Date:Apr 27, 1993
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