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OPTA FOOD INGREDIENTS REPORTS FIRST-QUARTER RESULTS

 CAMBRIDGE, Mass., April 16 /PRNewswire/ -- Opta Food Ingredients, Inc. (NASDAQ: OPTS), a company engaged in the marketing and development of proprietary food ingredients, had first-quarter revenues of $781,000 for the three months ended March 31, 1993, a substantial improvement over the $292,000 reported in the comparable period of 1992, it was announced by Lewis Paine, president and chief executive officer.
 There was a net loss of $1,309,000, or $0.27 per share on 4,773,000 shares outstanding, for the three-month period ended March 31, 1993, as compared with a first-quarter 1992 net loss of $548,000, or $0.27 per share on 1,996,000 shares outstanding.
 The gain in revenues primarily is due to continued volume gains by Opta Oat Fibers(TM), which was acquired last June, and increased sales of EverFresh(R), which is benefiting from the expanded worldwide license arrangement with Pfizer, Inc. Revenues from the first quarter of 1992 were derived principally from contract research in partnership with Pfizer.
 "The increase in oat-fiber revenues is a result of product improvements made by the company's scientists," Paine said. "That has led to more customers testing the use of Opta Oat Fibers(TM) in new and different applications. The outcome and full impact of those tests will be realized over the next few quarters."
 "The net loss resulted from increased R&D costs, particularly in connection with OptaGrade(TM), the company's starch-based fat replacer. Commercial scale production has been attained and we expect to establish a solid base for the product during 1993. OptaGrade(TM) has been formulated into several low-fat prototypes which are being presented to potential customers. Work is currently under way to optimize and refine these formulations prior to consumer testing by our prospective customers," Paine reported.
 Opta develops and markets proprietary new food ingredients which enable consumer-product companies to improve the nutritional content, healthfulness and/or taste of foods. The company applies advanced enzymology and protein- and carbohydrate-chemistry to develop ingredients that can replace nutritionally undesirable food elements, such as fats and oils, while preserving important characteristics, such as flavor, texture, mouthfeel and shelf life. Opta's product development strategy is to modify inexpensive raw materials to produce natural food ingredients which can be considered Generally Recognized As Safe under current Food and Drug Administration regulations.
 OPTA FOOD INGREDIENTS, INC.
 Consolidated Statement of Income
 For the three months ended March 31, 1993 and 1992
 (unaudited)
 1993 1992
 Net sales $781,297 $291,752
 Cost of goods sold 678,596 8,797
 Gross margin 102,701 282,955
 Sales, general & administrative 522,738 238,678
 Research & development 961,152 599,436
 Income (loss) from operations ($1,381,189) ($555,159)
 Other income (expense) net 71,864 7,368
 Income (loss) before income taxes (1,309,325) (547,791)
 Provision for taxes --- ---
 Net income (loss) ($1,309,325) ($547,791)
 Loss per share ($0.27) ($0.27)
 Weighted average shares outstanding 4,772,998 1,996,295
 -0- 4/16/93
 /CONTACT: Lewis Paine, president and CEO, Opta Food Ingredients, Inc., 617-252-0005; or Bill Pfund of P.L. Thomas Group, 312-906-8060, for Opta Food Ingredients, Inc./
 (OPTS)


CO: Opta Food Ingredients, Inc. ST: Massachusetts IN: FOD SU: ERN

DH -- DE013 -- 6779 04/16/93 12:56 EDT
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Date:Apr 16, 1993
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