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OPTELECOM, INC. ANNOUNCES RECORD RESULTS FOR 1992

 GAITHERSBURG, Md., March 23 /PRNewswire/ -- Optelecom, Inc. (NASDAQ: OPTC) today released the following earnings information for the year ended Dec. 31, 1992.
 1992 1991
 Revenue $6,001,057 $4,867,790
 Net Income $400,274 $122,007
 Earnings Per Share $.36 $.12
 These figures represent a 23 percent increase in revenues, a 205 percent increase in profits and a tripling of earnings per share compared to 1991. Optelecom President, Ed Ludwig, said: "This performance was achieved even after absorbing the costs incurred in moving our facility into new space during the third and fourth quarters of the year. We are now in a position to move more aggressively into commercial markets for our fiber optic technology, since we have re-invested the profits to enhance our marketing, engineering and manufacturing organizations."
 -0- 3/23/93
 /CONTACT: Dr. William H. Culver, chairman, or Edmund D. Ludwig, president and CEO, both of Optelecom, 301-840-2121/
 (OPTC)


CO: Optelecom, Inc. ST: Maryland IN: CPR SU: ERN

IH-KD -- DC009 -- 8571 03/23/93 10:12 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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