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NORTECH SYSTEMS REPORTS RECORD EARNINGS IN FISCAL 1992; FOURTH QUARTER SHOWS STRONG GAINS

 MINNEAPOLIS, Feb. 23 /PRNewswire/ -- Nortech Systems Incorporated (OTC Bulletin Board: NSYS) reported net sales of $7,299,916 for the fiscal year ended Dec. 31, 1992, a 21 percent increase over net sales of $6,052,996 for fiscal 1991.
 Nortech Systems reported a record profit of $636,723, or $.28 per share before change in accounting principle, for fiscal 1992. This represents a 20 percent increase, or $.04 per share, over fiscal 1991 profits of $530,413, or $.24 per share.
 Nortech Systems also reported dramatic sales growth in the fourth quarter ended Dec. 31, 1992. Net sales for the quarter were $2,392,999, a 72 percent increase over net sales of $1,388,497 for the same period of fiscal 1991.
 "Our 1992 results were very positive," said Quent Finkelson, president and CEO of Nortech Systems. "The strong fourth quarter -- with record sales and income levels -- should provide momentum as we enter 1993. During the quarter we began to see a return from expenses we incurred earlier in the year associated with broadening our business. We expect this sales growth to continue, both in the addition of new customers and the expansion of product lines to existing customers," said Finkelson.
 Highlights from 1992 include:
 -- Nortech employees are being trained in ISO 9000 international
 manufacturing standards, through a state-sponsored training program
 with Northwest Technical College Bemidji. This training partnership
 for ISO 9000, the first of its kind in Minnesota, was announced in
 October by Senate Majority Leader Roger Moe at a ceremony at Nortech
 Systems' plant in Bemidji, Minn.
 -- Nortech Systems opened a second manufacturing facility in
 Augusta, Wis. This 8,000-square-foot facility will supplement
 Nortech's primary, 60,000-square-foot manufacturing facility in
 Bemidji. Operations began during 1992 and will further expand in
 1993.
 -- Nortech Systems received a contract from Unisys Corporation to
 produce wire harnesses and cable assemblies.
 Nortech Systems Incorporated is a contract manufacturer of wire harnesses, cable assemblies and electromechanical assemblies. Nortech Systems, based in Wayzata, Minn., supplies a wide spectrum of high technology and medical products manufacturers, including GE Medical Systems, Rosemount Inc. Control Systems Division, Cray Research, Control Data, 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 Balance Sheets
 (audited)
 12/31/92 12/31/91
 Current assets $3,332,863 $2,042,952
 Property & other assets 1,951,138 931,854
 Total assets 5,284,001 2,974,806
 Current liabilities 1,687,690 794,965
 Long-term debt 977,635 1,012,942
 Shareholders' equity 2,618,676 1,166,899
 Total liabilities & shareholders' equity 5,284,001 2,974,806
 NORTECH SYSTEMS INCORPORATED
 Condensed Statements of Operations
 (audited)
 Fourth Quarter Ended Year Ended
 12/31/92 12/31/91 12/31/92 12/31/91
 Net sales $2,392,999 $1,388,497 $7,299,916 $6,052,996
 Income before
 acctg. change 317,509 129,163 636,723 530,413
 Change in accounting
 principle (54,741) --- 830,000 ---
 Net income $262,768 $129,163 $1,466,723(a) $530,413
 Income (loss) per share
 of common stock
 Before acctg. change $0.14 $0.06 $0.28 $0.24
 Acctg. change (0.03) -- 0.37 --
 Net income per share $0.11 $0.06 $0.65(a) $0.24
 Weighted average number
 of shares outstanding 2,240,794 2,240,794 2,240,794 2,240,794
 (a) Includes cumulative net effect of a change in accounting principle totaling $830,000, or $.37 per share. Nortech Systems Incorporated adopted SFAS No. 109 during 1992.
 -0- 2/23/93
 /CONTACT: Quent Finkelson of Nortech Systems, 612-473-4102, or Perry Ketchum of Ketchum & Metz, 612-349-2727, for Nortech Systems/
 (NSYS)


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

MP -- MNT001 -- 9334 02/23/93 10:23 EST
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Date:Feb 23, 1993
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