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ROYCE LABORATORIES ANNOUNCES YEAR END RESULTS

 ROYCE LABORATORIES ANNOUNCES YEAR END RESULTS
 MIAMI, March 30 /PRNewswire/ -- Royce Laboratories, Inc.


(NASDAQ: RLAB) today announced its results of operations for the year ended Dec. 31, 1991.
 The results of operations are as follows:
 ROYCE LABORATORIES, INC.
 Year ended Dec. 31,
 1991 1990
 Revenues $ 1,991,345 $ 1,504,579
 Net Income (loss) (A) $ 63,881 $ (453,375)
 Net Income (loss) per
 common share $ -- $ (.06)
 Average shares
 outstanding 23,692,575 7,400,461
 (A) -- Net income for 1991 includes a $345,828 gain on the settlement of debt. Net income for 1990 includes $78,195 gain on the settlement of debt.
 The company noted that the improved results for the year ended Dec. 31, 1991 as compared to the prior year were primarily due to increased sales to several new customers. Further, during the fourth quarter of 1991 the company expanded its selling, general and administrative expenses in preparation of launching Piroxicam in April.
 Royce Laboratories, Inc. is a manufacturer of prescription and over-the-counter generic pharmaceuticals.
 -0- 3/30/92
 /CONTACT: Patrick J. McEnany, president of Royce Laboratories, Inc., 305-624-1500/
 (RLAB) CO: Royce Laboratories, Inc. ST: Florida IN: MTC SU: ERN


AW-AK -- FL010 -- 2908 03/30/92 12:46 EST
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Publication:PR Newswire
Date:Mar 30, 1992
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