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NORTHSTAR COMPUTER FORMS REPORTS 1993 RECORD YEAR

 MINNEAPOLIS, Jan. 12 /PRNewswire/ -- Northstar Computer Forms, Inc. attained record sales for the fourth quarter and year ended Oct. 31, 1993.
 Record sales for the fourth quarter were $5,048,741, a 4.0% increase over prior year fourth quarter of $4,854,496. Net income rose to $411,135 compared to $374,042, an increase of 9.9%. Earnings per share were $.24 compared to $.22 per share for the same period last year.
 Year end sales reached a record $20,019,575 for fiscal 1993 compared to $19,370,486, an increase of 3.4%. Net income increased 24.9% from $1,100,380 to $1,374,657 for the year ended Oct. 31, 1993. Net income included $220,500 which was the positive cumulative effect of change in accounting for income taxes. Earnings per share for the year were $.79 compared to $.64 for the 1992 fiscal year. The effect of the accounting change was $.13 per share.
 "Sales and profits for 1993 showed a slight increase compared to an excellent 1992 year," stated Roger Bredesen, chairman and president. "We encountered product mix changes, capacity and training issues which slowed our productivity and efficiency for the year, but 1994 should be our best year ever."
 NORTHSTAR COMPUTER FORMS
 SUMMARIZED STATEMENT OF EARNINGS
 FOR FOURTH QUARTER AND YEAR ENDED OCT. 31, 1993
 Fourth quarter ended
 10/31/93 10/31/92 Percent
 increase
 Sales $5,048,741 $4,854,496 4.0
 Net income $411,135 $374,042 9.9
 Earnings per share $.24 $.22 --
 Year Ended
 10/31/93 10/31/92 Percent
 increase
 Sales $20,019,575 $19,370,486 3.4
 Net income $1,374,657(a) $1,100,380 24.9
 Earnings per share $.79(a) $.64 --
 (a) 1993 results include a one-time positive adjustment of $220,500 ($.13 per share) for cumulative effect of change in accounting for income taxes.
 -0- 01/12/94
 /CONTACT: Kenneth E. Overstreet, executive vice president, or Mary Ann Morin, assistant treasurer, 612-338-8601, both of Northstar/


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

CP-DB -- MN012 -- 1488 01/12/94 15:20 EST
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Date:Jan 12, 1994
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