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PRECISION OPTICS ANNOUNCES RECORD REVENUES

 PRECISION OPTICS ANNOUNCES RECORD REVENUES
 GARDNER, Mass., Aug. 25 /PRNewswire/ -- Precision Optics


Corporation, Inc. (NASDAQ: POCI) announced record revenues for the fiscal year ended June 30, 1992, due largely to increased medical instrument sales.
 For the fiscal year ended June 30, 1992, revenues were $5,750,817, compared to $4,376,270 for the same period in 1991. Net loss was $66,963, compared to net income of $137,436 for the same period in 1991. Loss per share was $.01 versus earnings per share of $.03 for the same period last year.
 Revenues for the quarter were $1,279,383 compared to $1,424,074 for the same period in 1991. Net loss for the quarter was $63,744, compared to net income of $56,716 for the same period in 1991. Loss per share was $.01, versus earnings per share of $.01 for the same period last year.
 Steadily increased medical instrument sales for the entire year were offset in the fourth quarter by the scheduled reduction in night vision sales. A new order for night vision optics will accelerate shipments later this year.
 As anticipated, significant investments in new product development, production start-up and expansion of selling and marketing resources were the major factors contributing to the net loss. It is anticipated that significant investments in new product development and sales and marketing will continue throughout fiscal year 1993.
 The company has further announced completed development of its new, high quality Laparoscopes in 0 degree and 30 degree offset models in both visual and video configurations especially suited for Minimally Invasive Surgery. The introduction of other new endoscopic instruments is expected later this year. Sales efforts are commencing for production OEM orders of these instruments.
 The company is also commencing marketing of its new full video/surgical system for direct sales to hospitals and physicians under its new "Precise Medical" trade name.
 Expanded direct sales resources are being established at the new "Precise Medical" headquarters in Marlboro, Mass. The company has also established a new Hong Kong office to pursue marketing and other activities throughout the Pacific Rim marketplace. Trial marketing of endoscopes and video surgical systems in this region is underway and new sales resources are in place.
 Precision Optics Corporation designs, develops, manufactures and sells specialized optical systems and components and optical thin film coatings. Its products and services include medical and industrial optical systems, lens systems for night vision equipment, optical thin film coatings, and advanced optical system design and development.
 Precision Optics Corporation, located in Gardner, is traded over- the-counter and on the Boston Stock Exchange.
 -0- 8/25/92
 /CONTACT: Richard Forkey of Precision Optics, 508-630-1800/
 (POCI) CO: Precision Optics Corporation, Inc. ST: Massachusetts IN: MTC SU: ERN


KH -- MN010 -- 2984 08/25/92 11:17 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
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