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PATTERN PROCESSING TECHNOLOGIES, INC. REPORTS FISCAL 1993 SECOND QUARTER RESULTS

 EDEN PRAIRIE, Minn., May 27 /PRNewswire/ -- Pattern Processing Technologies, Inc. (NASDAQ: PPRO) (PPT) today reported total revenues for the three months ended April 30, 1993 of $1,216,605, a 12.3 percent increase compared with $1,083,258 for the three months ended April 30, 1992. The net loss for the three month period ended April 30, 1993 was $35,289, or 2 cents per share compared with a net profit of $114,050 or 6 cents per share for the three month period ended April 30, 1992.
 Total revenues for the six months ended April 30, 1993 were $2,461,293, a 9.8 percent increase compared with $2,241,653 in the six months ended April 30, 1992. The net profit for the six-month period ended April 30, 1993 was $14,893, or 1 cent per share compared with a net profit of $281,539 or 15 cents per share in the six-month period ended April 30, 1992.
 The second quarter revenues represented the sale of 40 vision systems, compared with 26 vision systems sold in the prior years' second quarter, bringing to 444 the total number of vision systems sold since the inception of the company in 1982.
 The fiscal 1993 second quarter net loss occurred wholly as a result of increased operating expenses associated with an expanded level of sales, marketing, and customer support activities engaged in by the company. The company believes that these investments were necessary to facilitate stronger levels of future revenue growth by expanding the company's sales and customer support infrastructure. For example, five new employees were hired for the sales and customer support areas in comparison with the prior years' second quarter, three trade shows were attended in comparison with none in the prior years' second quarter, and three new international distribution agreements were entered into. The three international distribution agreements include: A. Royale Enterprises in Singapore; Bruderer, AG covering continental Europe excluding the Benelux countries; and Bruderer, UK, Ltd., covering the United Kingdom and Ireland. The Bruderer agreements apply specifically to the metal stamping industry and related applications such as molding, plating and assembly. In addition, the company entered into a similar distribution agreement with Bruderer Machinery, Inc., covering North America. Bruderer, AG, headquartered in Frasnacht, Switzerland, is a large manufacturer of high-speed metal stamping presses. The company believes that its distribution agreements with Bruderer will accelerate its penetration in the metal stamping industry.
 Also, during the second quarter, the company completed a private equity placement of 330,000 shares of common stock at a price of $3.75 per share which generated gross proceeds of $1,237,500 and net proceeds of approximately $1,050,000. This placement significantly strengthens the company's balance sheet and will meet the company's working capital and capital spending requirements for the foreseeable future.
 Included in fiscal year 1992's second quarter results was other income of $35,183 or 1.8 cents per share which represents the market value of 15,000 shares of Electro-Sensors, Inc. (ESI) restricted common stock less unamortized patent costs received in exchange for an exclusive license to ESI for the company's four original patents covering a statistical pattern recognition technique. The ESI stock is recorded on the balance sheet at historic cost at a value of $52,500 in the Other Assets category.
 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.
 Selected Financial Information
 (Unaudited)
 Condensed Balance Sheet
 ASSETS 4/30/93 10/31/92
 (unaudited)
 Cash, equivalents and
 short term investments $1,252,520 $376,229
 Accounts receivable (net) 1,273,388 976,937
 Inventories 665,927 605,172
 Other current assets 25,161 67,458
 Total current assets 3,216,996 2,025,796
 Fixed assets (net) 267,747 278,522
 Other assets (net) 60,434 65,900
 Total assets $3,545,177 $2,370,218
 LIABILITIES AND EQUITY
 Current liabilities $628,563 $523,760
 Long-term liabilities 13,640 13,640
 Preferred stock 280,328 475,342
 Common stock 211,521 175,439
 Capital in excess of par value 10,846,673 9,632,480
 Accumulated (deficit) (8,435,548)(8,450,443)
 Total equity 2,902,974 1,832,818
 Total liabilities and equity $3,545,177 $2,370,218
 Condensed Statement of Operations
 Second Quarter Ended Year-To-Date Ended
 4/30/93 4/30/92 4/30/93 4/30/92
 Total revenues $1,216,605 $1,083,258 $2,461,293 $2,241,653
 Cost of sales 512,059 458,176 1,079,099 983,985
 Gross margin 704,546 625,082 1,382,194 1,257,668
 Operating expenses 741,267 549,152 1,370,173 1,015,216
 Profit (loss)
 from operations (36,721) 75,930 12,021 242,452
 Interest income 1,166 2,554 2,473 5,047
 Other income/expense 266 35,566 399 34,040
 Net profit/(loss) $(35,289) $114,050 $14,893 $281,539
 Earnings/(loss) per share $(0.02) $0.06 $0.01 $0.15
 Shares outstanding 1,779,959 1,932,658 2,127,459 1,928,332
 -0- 5/27/93
 /CONTACT: Joseph C. Christenson, president of Pattern Processing, 612-942-5747/
 (PPRO)


CO: Pattern Processing Technologies, Inc. ST: Minnesota IN: SU: ERN

AL -- MN006 -- 2857 05/27/93 10:41 EDT
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