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QUIPP SYSTEMS REPORTS SECOND QUARTER SALES AND EARNINGS

 QUIPP SYSTEMS REPORTS SECOND QUARTER SALES AND EARNINGS
 MIAMI, July 28 /PRNewswire/ -- Quipp Systems, Inc. (NASDAQ: QUIP)


today announced sales and earnings for the second quarter of 1992.
 For the quarter ending June 30, 1992, sales were almost double the level of one year ago, rising to $5,803,912 from $2,983,636. Earnings for the period were $275,894, or 18 cents per share, vs. a loss of ($134,572) or (9 cents) per share, one year ago.
 In addition, six-month results also show substantial improvements. Sales rose to $10,790,447 vs. $5,610,264 one year ago, and earnings were $507,169, or 32 cents per share, vs. a loss of ($150,126), or (10 cents) per share, one year ago.
 Backlog was also up over the level of one year earlier; however, it was down from the immediately prior quarter. As of June 30, 1992 backlog stood at $7.0 million vs. $5.1 million one year earlier and $9.5 million one quarter earlier.
 As mentioned in the previous report, we have had a fortunate run of good business, and estimates for the current year show results that are substantially improved over last year. However, quarterly results for the balance of the year are expected to decline somewhat, due to a slowing rate of incoming orders.
 Our markets have been strongly improved during recent months, but the pent-up demand which we believe has built over the past 3 years has not begun to be released. As that occurs, we expect a generally improving marketplace. Meanwhile, the company will continue to operate cautiously, but confidently.
 -0- 7/28/92
 /CONTACT: John F. Green of Quipp Systems, Inc., 305-623-8700/
 (QUIP) CO: Quipp Systems, Inc. ST: Florida IN: SU: ERN


AW-JB -- FL009 -- 4120 07/28/92 13:05 EDT
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Date:Jul 28, 1992
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