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RINGER ANNOUNCES FIRST QUARTER RESULTS

 MINNEAPOLIS, Jan. 25 /PRNewswire/ -- Ringer Corporation (NASDAQ: RING) today reported net sales of $2,794,000 for its first quarter ended Dec. 31, 1992, down 7 percent from $3,008,000 for the same period last year. It reported a net loss for the quarter, which was anticipated, of $615,000 or $.06 per share compared to a net loss of $1,183,000 or $.14 per share in the same quarter a year ago.
 According to Stanley Goldberg, Ringer's president, the slight decrease in first quarter sales reflects the company's decision to eliminate distribution of products through its direct mail catalog. He said, "The net loss for the period is significantly less than last year due to the restructuring undertaken in the fourth quarter of fiscal 1992." Because of the seasonal nature of its business, Ringer's sales are much higher in its second and third fiscal quarters than in the first and fourth quarters, while certain operating expenses precede the peak selling season normally resulting in a net loss for the first quarter.
 Ringer Corporation is a developer and leading marketer of environmentally compatible, premium performance lawn and garden care products which are offered as alternatives to synthetic chemical fertilizers and pesticides.
 RINGER CORPORATION
 CONSOLIDATED STATEMENT OF OPERATIONS
 (Unaudited)
 (In thousands except per share amounts)
 Three Months Ended
 Dec. 31
 1992 1991
 Net Sales $2,794 $3,008
 Cost of Goods Sold 1,446 1,519
 Gross Profit 1,348 1,489
 Operating Expenses:
 Sales and Marketing 1,216 1,655
 General and Administrative 471 561
 Amortization of Intangibles 96 96
 Research and Development 223 347
 -- $2,006 $2,659
 Loss before other income
 (expense) (658) (1,170)
 Other Income (Expense), Net 43 (13)
 Net Loss $(615) $(1,183)
 Net loss per common and common
 equivalent share $(.06) $(.14)
 Average common and common
 equivalent shares outstanding 10,712,000 8,662,000
 -0- 1/25/93
 /CONTACT: Mark Robinow, vice president of finance, of Ringer Corporation, 612-941-4180/
 (RING)


CO: Ringer Corporation ST: Minnesota IN: CHM SU: ERN

MP -- MN013 -- 8724 01/25/93 16:47 EST
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Publication:PR Newswire
Date:Jan 25, 1993
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