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QUAD SYSTEMS REPORTS THIRD QUARTER RESULTS

 HORSHAM, Pa., Aug. 3 /PRNewswire/ -- Quad Systems Corporation (NASDAQ: QSYS) today reported that net sales for the three- and nine- month periods ended June 1993, increased by 89 percent and 87 percent, respectively over the comparable periods of the prior year, while net income increased from $93,000 in the third quarter of fiscal 1992 to $920,000 in the comparable quarter this year, and from $372,000 in the nine-month period ended June 1992 to $2,365,000 in the comparable period this year.
 During the quarter, the company commenced shipments of its newest product, the Quad IVC, an assembly system incorporating laser alignment. Quad is the only surface mount assembly equipment company currently offering this state-of-the-art feature.
 A provision for income tax was not required for the quarter ended June 27, 1993, due to off-setting deferred tax benefits.
 QUAD SYSTEMS CORPORATION
 Condensed Consolidated Statements of Income
 (Unaudited; in thousands, except per-share amounts)
 Periods ended Three months Nine months
 6/27/93 6/28/92 6/27/93 6/28/92
 Net sales $9,529 $5,029 $24,669 $13,226
 Income before income taxes 920 110 2,564 434
 Income tax expense --- 17 199 62
 Net income 920 93 2,365 372
 Net income per share $.28 $.04 $.83 $.18
 /delval/
 -0- 8/3/93
 /CONTACT: Anthony R. Drury, CFO of Quad Systems, 215-784-4519/
 (QSYS)


CO: Quad Systems Corporation ST: Pennsylvania IN: CPR SU: ERN

CC-MP -- PH020 -- 9031 08/03/93 16:01 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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