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ROCHESTER MEDICAL CORPORATION ANNOUNCES FIRST QUARTER RESULTS, NEGOTIATIONS FOR DISTRIBUTION AGREEMENT

 STEWARTVILLE, Minn., Feb. 4 /PRNewswire/ -- Rochester Medical Corporation (NASDAQ: ROCM) (RMC) announced sales and net income for the first quarter ended Dec. 31, 1992. Net sales for the first quarter were $110,331. The company reported a net loss for the first quarter ended Dec. 31, 1992 of $247,284 (or $.09 per share), compared to net loss of $111,867 (or $.04 per share) for the year earlier period.
 RMC also announced that it has signed a letter of intent with Hollister Incorporated, Libertyville, Ill., to conclude an exclusive distribution agreement for RMC's new self-adhering male external catheter made from RMC's proprietary ULTRAFLEX(TM) elastomer.
 In the letter of intent, RMC and Hollister have agreed in principle to a supply contract of renewable three-year terms under which RMC would supply all of Hollister's non-latex male external catheter requirements on a private label basis. The supply contract will provide that Hollister will purchase at least $3,000,000 of external catheters over the initial three-year term, and that RMC would also market the external catheter under its own label. RMC and Hollister have also agreed to negotiate for separate supply agreements relating to other RMC products.
 Said RMC President Anthony J. Conway, "Hollister is a major manufacturer and distributor of urological products. We look forward to the opportunity of establishing a mutually beneficial, long-term relationship for distributing our current and future products."
 It is expected that the supply contract will be concluded by March 1, 1993, assuming the terms are agreeable to both RMC and Hollister.
 RMC develops, manufactures and markets latex free disposable medical catheters for urological applications.
 ROCHESTER MEDICAL CORPORATION
 First Quarter Ended
 12/31/92 12/31/91
 Net sales $110,331 $100,445
 Net loss $(247,284) $(111,867)
 Net loss per share $(.09) $(.04)
 Average common shares outstanding 2,660,000 2,660,000
 -0- 2/4/93
 /CONTACT: Anthony J. Conway, president of Rochester Medical, 507-533-4203/
 (ROCM)


CO: Rochester Medical Corporation ST: Minnesota IN: MTC SU: ERN

KH -- MN011 -- 3207 02/04/93 17:03 EST
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Publication:PR Newswire
Date:Feb 4, 1993
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