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NORTHWEST TELEPRODUCTIONS, INC. REPORTS SALES AND EARNINGS

       NORTHWEST TELEPRODUCTIONS, INC. REPORTS SALES AND EARNINGS
    MINNEAPOLIS, Nov. 8 /PRNewswire/ -- Northwest Teleproductions, Inc. (NASDAQ: NWTL) reports sales of $3,581,426 and net earnings of $59,421 or $.04 per share for the second quarter ended Sept. 30, 1991.  This compares with sales of $4,094,840 and net earnings of $202,106 or $.12 per share for the second quarter of the prior year.
    Year to date sales for the six months ended Sept. 30, 1991, of $6,989,074 resulted in net earnings of $30,492 or $.02 per share. Comparative results for the same period of the prior year were sales of $8,183,105 and net earnings of $653,300 or $.40 per share.
    Included in the prior year's year to date earnings is $197,000 resulting from the adoption of the new method of accounting for income taxes as required by the Financial Accounting Standards Board.
    Robert Mitchell, president, commented that although the second quarter showed some improvement over the first three months the general economy continues to adversely affect the industry nationwide and pricing pressures continue to be reflected in lower margins.
    After review of the current year's operating results and industry economic conditions, the board of directors did not authorize the quarterly dividend customarily declared at this time.
                       NORTHWEST TELEPRODUCTIONS
                         RESULTS OF OPERATIONS
                              Three Month Ended      Six Months Ended
                                 Sept. 30,               Sept. 30,
                             1991        1990         1991       1990
    Net sales            $3,581,426  $4,094,840   $6,989,074 $8,183,105
    Cost and Expenses:
     Costs of products
      and services sold   2,582,698   2,812,036    5,130,369  5,527,273
     Selling, general and
      administrative        710,210     762,530    1,473,307  1,526,699
    Interest                179,369     180,930      337,601    365,765

    --                    3,472,277   3,755,496    6,941,277  7,419,737
    --                      109,149     339,344       47,797    763,368
    Other income (loss)       1,272      (1,238)       4,695        (68)
    Earnings before taxes
     on income and cumulative
     effect of change in
     accounting principle   110,421     338,106       52,492    763,300
    Taxes on income          51,000     136,000       22,000    307,000
    Earnings before cumulative
     effect of change in
     accounting principle    59,421     202,106       30,492    456,300
    Cumulative effect of
     change in accounting
     principle relating to
     taxes on income             --          --           --    197,000
    Net earnings            $59,421    $202,106      $30,492   $653,300
    Net earnings per share     $.04        $.12         $.02       $.40
   -0-                               11/8/91
    /CONTACT: Jim Steffen of Northwest Teleproductions, 612-835-4455/
    (NWTL) CO:  Northwest Teleproductions ST:  Minnesota IN:  TLS SU:  ERN AL -- MN006 -- 2581 11/08/91 12:07 EST
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Publication:PR Newswire
Date:Nov 8, 1991
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