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NORTECH SYSTEMS REPORTS SECOND QUARTER RESULTS; 2ND QTR. SALES INCREASE 81 PERCENT FROM 1992; SIX-MONTH SALES RISE 68 PERCENT

 MINNEAPOLIS, July 20 /PRNewswire/ -- Nortech Systems, Inc. (NASDAQ: NSYS) reported net sales of $2,780,830 for the second quarter ended June 30, 1993, compared with net sales of $1,534,494 for the same period last year. This represents an increase of 81 percent.
 Nortech Systems also reported net income of $239,614, or $.11 per share, for the second quarter ended June 30, 1993, compared with $59,633, or $.03 per share, for the same period last year. This represents the 14th consecutive profitable quarter for Nortech Systems.
 For the six months ended June 30, 1993, Nortech Systems reported net sales of $5,282,572, compared with $3,135,665 for the same period in 1992. Net income for the six-month period ended June 30 was $473,248, or $.22 per share, compared with $205,601, or $.09 per share, for the first six months of 1992.
 "During the second quarter, we continued our solid revenue and sales growth," said Quent Finkelson, president and CEO of Nortech Systems. "An expanding customer base -- coupled with additional business from current customers -- should help us finish 1993 with strong results. Our recent NASDAQ listing has increased Nortech Systems' visibility in the investment community, and we anticipate achieving continued growth for an increasing number of local and national investors," added Finkelson.
 On June 10, Nortech Systems' shares began trading on the NASDAQ stock market under the symbol NSYS. Also during the second quarter, the company named Richard W. Perkins to its board of directors. Perkins is president, CEO and a director of Perkins Capital Management, Wayzata, Minn.
 Nortech Systems, Inc. is a manufacturer of wire harnesses, cable assemblies and electromechanical assemblies. The company is based in Wayzata, 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, Unisys and Ceridian Corporation.
 Nortech Systems' subsidiary, SMR Medical Systems Incorporated, provides information management and maintenance for the health care industry.
 Nortech Systems is traded on NASDAQ under the symbol NSYS.
 CONDENSED STATEMENTS OF OPERATIONS
 (Unaudited)
 Second quarter ended Six months ended
 6/30/93 6/30/92 6/30/93 6/30/92
 Net sales $2,780,830 $1,534,494 $5,282,572 $3,135,665
 Net income $239,614 $59,633(a) $473,248 $205,601(a)
 Income per share $.11 $.03(a) $.22 $.09(a)
 Weighted average
 number of
 shares 2,190,794 2,240,794 2,190,794 2,240,794
 CONDENSED BALANCE SHEETS
 6/30/93 12/31/92
 (Unaudited) (Audited)
 Cash and cash equivalents $434,394 $633,631
 Accounts receivable, net 1,352,170 1,151,598
 Inventories 1,415,940 1,212,292
 Other current assets 381,198 335,342
 Property and other assets 1,961,658 1,951,138
 Total assets $5,545,360 $5,284,001
 Current liabilities $1,734,144 $1,687,690
 Long-term debt 840,468 977,635
 Shareholders' equity 2,970,748 2,618,676
 Total liabilities &
 shareholders' equity $5,545,360 $5,284,001
 (a) 1992 net income figures do not include the cumulative net effect of a change in accounting methods totaling $884,741. Nortech Systems adopted SFAS No. 109 effective June 30, 1992.
 -0- 7/20/93
 /CONTACT: Quent Finkelson of Nortech Systems Incorporated, 612-473-4102; or Perry Ketchum of Ketchum & Metz, Inc., 612-349-2727, for Nortech Systems Incorporated/
 (NSYS)


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

DB -- MN007 -- 6769 07/20/93 11:39 EDT
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Date:Jul 20, 1993
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