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PYROCAP RELEASES 1994 FIRST QUARTER RESULTS

 SPRINGFIELD, Va., Jan. 14 /PRNewswire/ -- Pyrocap International Corporation today announced that revenue from sales for the first quarter ended November 30, 1993, increased to $170,494, a 325 percent increase over the sales of $40,078 from the first quarter of fiscal 1993.
 Pyrocap also announced for the quarter ended November 30, 1993, a loss of $418,207, or $.16 per share, versus a loss of $197,855, or $.06 per share, for the first quarter of fiscal 1993. The loss in the first quarter is $190,207 less than the loss of $608,447 in the fourth quarter of fiscal 1993, due to an increase in the general and administration expenses to meet the requirement of a public corporation.
 Theodore A. Adams, III, President and CEO, said, "Obviously, we are encouraged by the increase in sales and by our development of a quality distribution network, but we are aware that our stockholders have a right to expect better overall results. We will be eliminating an annualized rent expense of $100,000, as well as attaining increased production efficiencies, when we move into our new building in approximately nine weeks."
 Pyrocap is a specialty chemical manufacturer that produces and sells a fire suppressant compound for use in firefighting and is developing compounds with agricultural and other applications. Investor questions should be directed to Max A. Webb at (703) 922-9800.
 PYROCAP INTERNATIONAL CORPORATION
 SELECTED FINANCIAL INFORMATION
 Three months ended
 November 30,
 (thousands, except per share) 1993 1992
 (unaudited) (unaudited)
 Net sales $ 170 $ 40
 Net loss ( 418) ( 40)
 Net loss per common share ( $.16) ( $.06)
 11/30/93 l1/30/92
 Balance sheet data
 Total Assets $2,719 $ 94
 Working Capital (deficiency) 1,946 ( 1,672)
 Long-term obligations 98 --
 Shareholders' equity (deficit) $2,021 ($ 1,653)
 -0- 1/14/94
 /CONTACT: Max A. Webb of Pyrocap, 703-922-9800/
 (PYR.EC)


CO: Pyrocap International Corporation ST: Virginia IN: CHM SU: ERN

KD-DC -- DC014 -- 2125 01/14/94 15:37 EST
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Date:Jan 14, 1994
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