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NORTHSTAR COMPUTER FORMS, INC. REPORTS RECORD FIRST QUARTER SALES

 MINNEAPOLIS, Feb. 23 /PRNewswire/ -- Northstar Computer Forms, Inc. (NASDAQ: NSCF) announced record first quarter sales of $4,837,054 for the period ended Jan. 31, 1993, an increase of 7.1 percent over the prior year's results of $4,514,618. Net income rose 5.5 percent from $163,185 to $172,116. Earnings per share were $.10 compared to 1992 first quarter of $.09.
 Northstar reported overall favorable results with several business units still affected by sporadic performance. "The first quarter is traditionally the lowest earnings quarter of the year for the company. Holidays and calendar year and inventory reduction create a normal slowdown of activity," according to Ken Overstreet, executive vice president. The company noted that a contract for a major customer that was due to expire Dec. 31, 1993 has been extended through Dec. 31, 1995 with further options to renew in one year increments.
 Northstar has provided business forms to the five state region surrounding Minnesota for 31 years. General Financial Supply, a wholly owned subsidiary, supplies internal bank forms on a national basis from three strategically located plants. The company also has special short run business form operations in Minneapolis and Milwaukee. Northstar Computer Forms has reported profitable results for the past 22 consecutive years, and has paid shareholder dividends without interruption since 1977.
 NORTHSTAR COMPUTER FORMS, INC.
 SUMMARIZED STATEMENT OF EARNINGS
 First Quarter Ended Percent
 1/31/93 1/31/92 Increase
 Net sales $4,837,054 $4,514,618 7.1
 Gross profit 1,022,155 933,841 9.5
 Net income $172,116 $163,185 5.5
 Earnings per share $.10 $.09 --
 -0- 2/23/93
 /CONTACT: Mary Ann Morin, assistant treasurer for Northstar Computer Forms, 612-338-8601/
 (NSCF)


CO: Northstar Computer Forms, Inc. ST: Minnesota IN: SU: ERN

KH -- MN014 -- 9510 02/23/93 14:32 EST
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Publication:PR Newswire
Date:Feb 23, 1993
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