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QMC ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 1993 FINANCIAL RESULTS

 NEW ULM, Minn., Sept. 2 /PRNewswire/ -- QMC Technologies, Inc. reported net sales and a net income for the fourth quarter and fiscal year ended June 30, 1993. Net sales in the fourth quarter and for the fiscal year ended June 30, 1993 were $2,042,156 and $7,539,156, respectively. This compares to net sales of $1,564,352 and $6,798,752 for the same periods in fiscal 1992. Net income for the fourth quarter and for the fiscal year ended June 30, 1993 were $109,406 and $274,506, respectively. This compares to net loss of $77,810 and net income of $119,390 for the same period in fiscal 1992. The increase in net sales of 11 percent was primarily due to additional sales representation coverage. The increase in net income was primarily operating income due to increased sales volume and continued cost reduction programs.
 QMC Technologies, Inc., a public company, designs, manufactures and markets custom AC and DC motors, amplifiers and system applications for the motion control industry.
 QMC TECHNOLOGIES, INC.
 Condensed Statement of Operations
 (Audited)
 Three Months Ended Year Ended
 6/30/93 6/30/92 6/30/93 6/30/92
 Net sales $2,042,156 $1,564,352 $7,539,156 $6,798,752
 Cost of sales &
 expenses 1,950,450 1,643,791 7,263,650 6,780,191
 Income before extra-
 ordinary gain and
 income tax expense 91,706 (79,439) 275,506 18,561
 Income taxes (expense) 17,700 -- (1,000) (2,000)
 Extraordinary gain items -- 1,629 -- 102,829
 Net income $109,406 $(77,810) $274,506 $119,390
 Net income per share $0.01 -- $0.01 $0.01
 Weighted average shares
 outstanding 18,995,825 12,113,023 18,995,825 12,113,023
 -0- 9/02/93
 /CONTACT: Brett D. Reese of QMC Technologies, 507-354-3105/


CO: QMC Technologies, Inc. ST: Minnesota IN: SU: ERN

DB-KH -- MN012 -- 8616 09/02/93 17:39 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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