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PATTERN PROCESSING TECHNOLOGIES, INC. REPORTS FISCAL 1992 THIRD QUARTER RESULTS

 PATTERN PROCESSING TECHNOLOGIES, INC. REPORTS FISCAL 1992
 THIRD QUARTER RESULTS
 MINNEAPOLIS, Aug. 27 /PRNewswire/ -- Pattern Processing Technologies, Inc. (PPT) (NASDAQ: PPRO) today reported a net loss of $71,093, or $.04 per share on revenues of $773,590 for the third quarter ended July 31, 1992. In the third quarter of fiscal year 1991, the company reported a net loss of $205,404, or $.15 per share on revenues of $459,461.
 Total revenues for the nine months ended July 31, 1992, were $3,015,242, compared with $1,804,880 in the nine months ended July 31, 1991, an increase of 67 percent. The net profit for the nine-month period ended July 31, 1992, was $210,446, or $.11 per share compared with a net loss of $294,299 or $.25 per share in the nine-month period ended July 31, 1991.
 The third quarter revenue results represented the sale of 19 vision systems to 11 different customers, including three new customers. This is an increase in comparison with 11 vision systems in the prior year's third quarter. The company has now sold 327 vision systems since its inception in 1982.
 Although revenue and earnings results for the nine months ended July 31, 1992, are substantially ahead of the prior years, and the company continues to experience positive customer acceptance of its new 400 Vision Process Controller (VPC) product line, the machine vision industry, while clearly growing, continues to be characterized by long- selling cycles and difficulty in projecting the specific time frames of future orders. Thus, third quarter results, while ahead of the prior year's third quarter, were below that of the second quarter of the current fiscal year. As such, the company believes that while it is reasonable to expect results to fluctuate on a quarter-to-quarter basis, results on an annual basis are expected to continue to improve.
 Pattern Processing Technologies, Inc. designs, manufactures, markets and integrates machine vision-based automated inspection systems for manufacturing applications such as electronic and mechanical assembly verification, character verification, packaging integrity, surface flaw detection, and gauging and measurement tasks.
 Pattern Processing Technologies, Inc.'s common stock is traded on the NASDAQ system under the symbol PPRO.
 PATTERN PROCESSING TECHNOLOGIES, INC.
 BALANCE SHEET
 7/31/92 10/31/91
 (Unaudited)
 Assets:
 Current assets:
 Cash and investments $147,730 $335,732
 Receivables 828,009 868,114
 Inventories 635,958 503,265
 Other current assets 68,643 32,642
 Total current assets 1,680,340 1,739,753
 Property, plant and equipment (net) 274,173 284,528
 Other assets (net) 12,441 24,688
 Total assets $1,966,954 $2,048,969
 Liabilities and equity:
 Current liabilities $230,237 $581,125
 Long-term liabilities 31,825 31,825
 Preferred stock 475,342 475,342
 Common stock 175,434 170,909
 Capital in excess of par value 9,632,485 9,578,583
 Accumulated (deficit) (8,578,369) (8,788,815)
 Total equity 1,704,892 1,436,019
 Total liabilities and equity $1,966,954 $2,048,969
 PATTERN PROCESSING TECHNOLOGIES, INC.
 CONDENSED STATEMENT OF OPERATIONS
 Third Quarter Ended Year-to-Date Ended
 1992 1991 1992 1991
 Total revenues $773,590 $459,461 $3,015,242 $1,804,880
 Cost of sales 338,777 256,015 1,322,751 930,348
 Gross profit 434,823 203,446 1,692,491 874,532
 Operating expenses 508,520 409,726 1,523,736 1,164,544
 Profit/(loss) from
 operations (73,697) (206,280) 168,755 (290,012)
 Interest income 1,104 5,525 6,151 9,675
 Interest expense 0 (4,649) (1,526) (14,062)
 Other income/expenses 1,500 0 37,066 100
 Net profit/(loss) $(71,093) $(205,404) $210,446 $(294,299)
 Common and common
 equivalent shares 1,928,254 1,378,829 1,927,808 1,191,044
 Earnings per share $(.04) $(.15) $.11 $(.25)
 -0- 8/27/92
 /CONTACT: Joseph C. Christenson, President of Pattern Processing,


612-942-5747/
 (PPRO) CO: Pattern Processing Technologies, Inc. ST: Minnesota IN: MTC CPR SU: ERN


KH -- MN002 -- 3907 08/27/92 11:25 EDT
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Date:Aug 27, 1992
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