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QUALITY PRODUCTS, INC. ANNOUNCES $.11 NET INCOME PER SHARE FOR THE FIRST QUARTER ENDED DECEMBER 31, 1992

 TAMPA, Fla., Feb. 8 /PRNewswire/ -- Quality Products, Inc. (QYPI) (NASDAQ: QYPI) today reported net income of $493,954 and revenue of $2,182,092 for the first quarter ended Dec. 31, 1992, compared to a net loss of $(372,969) and revenue of $1,262,213 for the quarter ended Dec. 31, 1991. Earnings per share information follows:
 Quarter Ended
 12/31/92 12/31/91
 Income (loss) from continuing
 operations $493,954 $(372,969)
 Per Share $.11 $(.07)
 Extraordinary item 0 0
 Per Share $.00 $.00
 Net income (loss) $493,954 $(372,969)
 Per Share $.11 $(.07)
 Shares used in per share
 calculations 4,622,001 5,433,523
 The 1992 increase in revenue is largely due to revenues from QYPI's wholly owned subsidiary, Playtime Toys, Inc. QYPI's Multipress division also noted an increase of 8 percent in sales primarily due to the realignment of the sales force during 1991 and 1992 which produced significantly greater customer inquiries and orders. The press division currently has 3 to 4 times the number of sales representatives in the field compared to prior years.
 Both the toy and press operations reported profits for the first quarter ended Dec. 31, 1992.
 During the nine month period ended Sept. 30, 1992, QYPI strengthened its financial position by settling pending litigation, thus eliminating $3,370,000 in long-term debt and related interest. Additionally, during October and November of 1992, QYPI eliminated approximately $525,000 in debt owed to its former equipment and capital line lender. Interest expense has declined $83,233 or 75 percent for the first quarter of 1993 compared to the same period a year earlier.
 -0- 2/8/93
 /CONTACT: Steve Springer of Quality Products, Inc., 614-228-8120/
 (QYPI)


CO: Quality Products, Inc. ST: Florida IN: MAC SU: ERN

BM -- CL005 -- 3998 02/08/93 10:27 EST
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Date:Feb 8, 1993
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