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PCC GROUP REPORTS RECORD SECOND QUARTER RESULTS

 PCC GROUP REPORTS RECORD SECOND QUARTER RESULTS
 BREA, Calif., May 1 /PRNewswire/ -- PCC Group, Inc. (OTC) announced


today that revenues for the second quarter ended March 31, 1992 increased 63 percent to $23,182,000 compared with revenues of $14,230,000 for the same quarter last year. Net income increased to a record $501,000 or $.21 per share on 2,330,371 shares outstanding; compared with a loss for the same quarter last year of ($131,000) or ($.06) per share on 2,225,875 shares outstanding.
 Revenues for the six months ended March 31, 1992 increased 47 percent to $46,047,000 compared with revenues for the same six months of fiscal 1991 of $31,224,000. Net income reached a record $1,095,000 or $.48 per share compared with a loss of ($346,000) or ($.16) per share for the six months of fiscal 1991.
 Net income for the three months and six months was benefitted by a tax rate of 7.5 percent resulting from the utilization of federal net operating loss carryforwards.
 Jack Wen, chairman and president of PCC Group commented on the six months results saying, "We are pleased with the strong turnaround in sales which began in the fiscal first quarter and continued into the second quarter. In particular, increased sales was driven by strong demand for hard disk drives and 486 processors.
 "The company's national scope was strengthened by consolidating certain sales offices into its present eight regional locations. By focusing on these facilities we have improved sales productivity and concentrated our marketing strategies."
 Wen noted that during the quarter the company formed two new subsidiaries: Prominent Computers Inc., a mail order unit which will service large corporate and individual end-users, and PCC Multimedia Products Inc. which will offer a complete line of multimedia hardware and software upgrade kits for existing and new personal computers.
 Wen said that the company's balance sheet was substantially improved through conversion of a $15 million note into 250,000 shares of Series A non-voting preferred stock. The effect of this conversion was to improve shareholders equity to $2,101,000 compared with a shareholders' deficit of ($13,994,000) and total working capital of $1,604,000 compared to $457,000 at Sept. 30, 1991.
 "So as to support our future growth we are seeking to replace our existing financing agreement which provides up to a maximum of $8 million with a new credit facility. We are also discussing alternative capital funding options.
 "On balance we are hopeful that the general trend of profitability created in the first quarter will continue into the last half of the fiscal year."
 PCC Group Inc., is a manufacturer and distributor of micro computer systems, add-on modules, memories, peripheral equipment, accessory products and integrated circuits.
 PCC GROUP INC.
 Summary of Operations
 (In thousands except per share amount)
 (Unaudited)
 Three Months Ended Three Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Revenues 23,182 14,230 46,047 31,224
 Income before
 income taxes 547 (131) 1,184 (346)
 Provision for taxes 46 --- 89 ---
 Net Income (loss) $501 ($131) $1095 ($346)
 Earnings (loss)
 per share $.21 ($.06) $.48 ($.16)
 Weighted average number
 of common stock and
 common stock
 equivalents 2,330,371 2,225,875 2,258,482 2,225,875
 BALANCE SHEET HIGHLIGHTS
 March 31, 1992 Sept. 30, 1991
 (unaudited) (audited)
 Current Assets $11,212 $8,934
 Total assets $12,088 $9,899
 Current Liabilities 9,607 8,477
 Shareholders' equity (deficit) 2,101 (13,994)
 Total liabilities and
 shareholders' equity $12,088 $9,899
 -0- 5/1/92
 /CONTACT: Lauro Valdovinos, controller of PCC Group, 714-256-5000; or William F. Coffin of the Financial Relations Board, 818-783-2400, for PCC Group./ CO: PCC Grop Inc. ST: California IN: CPR SU: ERN


JL -- LA005 -- 5317 05/01/92 09:02 EDT
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Date:May 1, 1992
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