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NORTHSTAR COMPUTER FORMS REPORTS RECORD FOURTH QUARTER AND YEAR END SALES

 MINNEAPOLIS, Jan. 7 /PRNewswire/ -- Northstar Computer Forms, Inc. announced record sales of $4,854,496 for the fourth quarter ended Oct. 31, 1992, an increase of 11.8 percent from $4,341,053 the prior year. Net income was $374,042, compared to $467,019 for the fourth quarter of 1991 which included a significant favorable inventory adjustment. Earnings per share were $.22 compared to $.28 per share for 1991's fourth quarter. EPS figures are adjusted for the four-for-three stock split on Aug. 21, 1992.
 The annual figures slightly exceeded plan and projections. Sales set a new record of $19,370,486, an increase of 19.5 percent over 1991 sales of $16,207,092. Net profit increased 47.9 percent to $1,100,380, compared to $744,185 for 1991. Earnings per share were $.64 compared to $.44 for 1991.
 "The excellent results reflect continued emphasis on customer service, sales to new customers, and improvement in operating efficiencies during this recessionary period," stated Roger Bredesen, company president. "New equipment installed this year, including two new web presses, has improved our customer response time."
 Other company 1992 highlights included being accepted on NASDAQ's National Market System, a four-for-three stock split, and an increased dividend rate.
 Northstar celebrated its 30th anniversary in 1992. The company provides business forms to a five state region and financial forms to a national customer base. 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 operates short run form divisions in Minneapolis and Milwaukee.
 NORTHSTAR COMPUTER FORMS
 SUMMARIZED STATEMENT OF EARNINGS
 Fourth Quarter Ended (Decrease)
 10/31/92 10/31/91 Increase
 Sales $4,854,496 $4,341,053 11.8
 Net income $374,042 $467,019 (19.9)
 Earnings per share(a) $.22 $.28 --
 Year Quarter Ended (Decrease)
 10/31/92 10/31/91 Increase
 Sales $19,370,486 $16,207,092 19.5
 Net income $1,100,380 $744,185 47.9
 Earnings per share(a) $.64 $.44 --
 (a) EPS numbers are adjusted for a four-for-three stock split on Aug. 21, 1992.
 -0- 1/7/93
 /CONTACT: Kenneth E. Overstreet, executive vice president, or Mary Ann Morin, assistant treasurer, 612-338-8601, both of Northstar Computer Forms/


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

KH -- MN014 -- 2740 01/07/93 14:55 EST
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Date:Jan 7, 1993
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