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NORTHSTAR COMPUTER FORMS REPORTS RECORD FIRST QUARTER SALES

 NORTHSTAR COMPUTER FORMS REPORTS RECORD FIRST QUARTER SALES
 MINNEAPOLIS, March 5 /PRNewswire/ -- Northstar Computer Forms, Inc. (NASDAQ: NSCF) announced record sales of $4,548,227 for the first quarter ended Jan. 31, 1992, an increase of 15.1 percent from $3,951,285 the prior year. Net income rose 209.6 percent from $52,717 to $163,185. Earnings per share were $.13 compared to 1991 first quarter of $.04.
 Northstar reported the favorable results were due to market segmentation and production efficiencies. Executive Vice President Ken Overstreet said the company continues to perform well because of its focus on printing MICR forms for financial institutions. "Profits continue to be affected by recessionary pricing competition but our marketing and production efforts in printing forms for the financial industry have proven to be effective strategy."
 Northstar is celebrating its 30th anniversary in providing business forms to the five state region surrounding Minnesota. Its wholly owned subsidiary, General Financial Supply, is the largest national supplier of internal bank forms to the distributor trade with plants in three states. The company also has a short run continuous forms division in Minneapolis and a special short run unit set division in Milwaukee. Northstar Computer Forms has reported profitable results for the past 21 consecutive years, and has paid shareholder dividends without interruption since 1977.
 NORTHSTAR COMPUTER FORMS
 SUMMARIZED STATEMENT OF EARNINGS
 First Quarter Ending Jan. 31, 1992
 1992 1991 Percent Increase
 Net sales $4,548,227 $3,951,285 15.1
 Gross profit 933,841 673,205 38.7
 Net income 163,185 52,717 209.6
 Earnings per share $.13 $.04
 -0- 3/5/92
 /CONTACT: Roger Bredesen or Mary Ann Moran, 612-338-8601, both of Northstar Computer Forms/
 (NSCF) CO: Northstar Computer Forms, Inc. ST: Minnesota IN: CPR SU: ERN


AL -- MN012 -- 5582 03/05/92 15:44 EST
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Publication:PR Newswire
Date:Mar 5, 1992
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