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PATTERN PROCESSING TECHNOLOGIES REPORTS PRELIMINARY UNAUDITED FISCAL 1992 AND FOURTH QUARTER RESULTS Fourth Consecutive Year of Revenue Growth

 MINNEAPOLIS, Nov. 30 ~PRNewswire~ -- Pattern Processing Technologies, Inc. (NASDAQ: PPRO) (PPT) today reported a net profit of $338,372 or 17 cents per share for the fiscal year ended 1992 compared with a net loss of $207,067 or 16 cents per share in fiscal year 1991. Gross revenues in fiscal year 1992 totaled $4,294,067, an increase of 48 percent compared with gross revenues of $2,889,014 in the prior fiscal year.
 In the fourth quarter of fiscal year 1992, the company realized a net profit of $127,926 or 7 cents per share compared with a net profit of $87,232 or 5 cents per share in the prior year's fourth quarter. Revenues in the fourth quarter of fiscal year 1992 totaled $1,278,824, an increase of 18 percent compared with gross revenues of $1,084,134 in the prior year's fourth quarter.
 As publicly disclosed by the company last week, the company is filing its preliminary unaudited financial statements with the Securities and Exchange Commission and the NASD in order to qualify for continued inclusion on the NASDAQ System. The company continued to qualify for NASDAQ because it met the NASDAQ total asset requirement of $2,000,000 as of Oct. 31, 1992.
 In connection with the filing with these agencies, the company is releasing its results to the public at this time. In making this information available to the public, the company emphasizes these results are preliminary and have not yet been audited by the company's independent auditors. Accordingly, such amounts are subject to normal year-end adjustments. The company expects that its audited financial statements will be available in December 1992 or early January 1993.
 The company shipped 37 vision systems in the fourth quarter of fiscal year 1992 compared with 22 vision systems in the prior year's fourth quarter. For fiscal year 1992, the company shipped 110 vision systems compared with 67 vision systems in fiscal year 1991. This increases the total number of vision systems sold since inception to 364.
 Fiscal year 1992 represents the company's fourth consecutive year of revenue growth. The increase in fiscal year 1992 revenue is primarily attributable to increasing acceptance by industry of the company's new Vision Process Controller (VPC) family of machine vision systems. Based on increased customer acceptance of its machine vision systems, the company expects revenue results in fiscal year 1993 to exceed those of fiscal year 1992.
 Pattern Processing Technologies, Inc., designs, manufactures, markets and integrates machine vision-based automatic 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
 10~31~92 10~31~91
 (Unaudited)
 ASSETS
 Current Assets:
 Cash and investments $376,229 $335,732
 Receivables 976,937 868,114
 Inventories:
 Manufactured and purchased parts 334,270 356,337
 Work-in-process 197,254 47,109
 Finished goods 73,648 99,819
 Other current assets 98,836 32,642
 Total current assets 2,057,174 1,739,753
 Property, plant and equipment (net) 278,522 284,528
 Other assets (net)
 Patent and trademark costs 63,386 83,110
 Bond issue costs 0 21,737
 Security deposits 6,995 6,995
 -- 70,381 111,842
 Less: accumulated amortization (56,981) (87,154)
 Total other assets 13,400 24,688
 Total assets $2,349,096 $2,048,969
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Current liabilities $502,638 $581,125
 Long-term liabilities 13,640 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) (8,450,443) (8,788,815)
 Total shareholders' equity 1,832,818 1,436,019
 Total liabilities and
 shareholders' equity $2,349,096 $2,048,969
 PATTERN PROCESSING TECHNOLOGIES, INC.
 STATEMENT OF OPERATIONS
 Three Months Ended 12 Months Ended
 10~31~92 10~31~91 10~31~92 10~31~91
 (Unaudited) (Unaudited)
 Gross sales $1,225,764 $1,000,598 $4,090,487 $2,670,023
 Other revenues 53,060 83,536 203,580 218,991
 Total revenues 1,278,824 1,084,134 4,294,067 2,889,014
 Cost of sales 531,877 504,793 1,854,629 1,435,141
 Gross margin 746,947 579,341 2,439,438 1,453,873
 Expenses:
 Research and
 development 179,454 157,641 686,882 567,160
 Sales and marketing 324,969 228,917 1,005,775 691,649
 General and
 administrative 115,544 107,972 451,046 400,265
 Profit (loss) from
 operations 126,980 84,811 295,735 (205,201)
 Interest income 946 6,222 7,097 15,897
 Interest expense 0 (4,608) (1,526) (18,671)
 Other income 0 807 37,066 908
 Net profit (loss) $127,926 $87,232 $338,372 $(207,067)
 Earnings per share $.07 $.05 $.17 $(.16)
 Common and common
 equivalent shares 1,946,048 1,709,095 1,932,407 1,321,621
 -0- 11~30~92
 ~CONTACT: Joseph C. Christenson, president, Pattern Processing Technologies, 612-942-5747~
 (PPRO)


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

KH -- MN007 -- 1912 11~30~92 12:17 EST
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Date:Nov 30, 1992
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