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NORTHSTAR COMPUTER FORMS REPORTS RECORD FOURTH QUARTER AND YEAR END SALES

 NORTHSTAR COMPUTER FORMS REPORTS RECORD
 FOURTH QUARTER AND YEAR END SALES
 MINNEAPOLIS, Jan. 14 /PRNewswire/ -- Northstar Computer Forms, Inc. (NASDAQ: NSCF), announced record sales of $4,341,053 for the fourth quarter ended Oct. 31, 1991, an increase of 14.3 percent from $3,797,626 the prior year. Net income rose from $390,786 to $467,019, an increase of 19.5 percent. Earnings per share were $.38 compared to the previous fourth quarter of $.30.
 For the year, Northstar reported record sales of $16,207,092, an increase of 4.7 percent over 1990 sales of $15,338,605. Net prof62 the previous year.
 The fourth quarter was highlighted by the purchase of Western Financial Suppliers in Denver, to become part of Northstar's General Financial Supply subsidiary. This acquisition provides western production and marketing capabilities to General Financial Supply's existing facilities in Iowa and Virginia.
 Executive Vice President Ken Overstreet said the company continues to out perform the industry because of its focus in printing financial forms for banks. "Our 4.6 percent net profit was well above industry average. Profits continue to be affected by recessionary pressures of price cutting throughout the industry. Our focus in printing forms for the financial industry has helped concentrate our marketing and technology resources."
 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 form division in Minneapolis and a special short run unit set division in Milwaukee.
 NORTHSTAR COMPUTER FORMS
 SUMMARIZED STATEMENT OF EARNINGS
 Fourth Quarter Ended
 10/30/91 10/30/90
 Sales $4,341,053 $3,797,626
 Net income 467,019 390,786
 Earnings per share $.38 $.30
 Year Ended
 10/30/91 10/30/90
 Sales $16,207,092 $15,338,605
 Net income 744,185 807,748
 Earnings per share $.59 $.62
 Shares outstanding 1,269,800 1,292,862
 Book value per share $5.62 $4.99
 -0- 1/14/92
 /CONTACT: Mary Ann Morin of Northstar Computer Forms, 612-338-8601/
 (NSCF) CO: Northstar Computer Forms ST: Minnesota IN: CPR SU: ERN


AL -- MN015 -- 9775 01/14/92 17:53 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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