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SCANFORMS, INC. REPORTS RECORD SALES AND EARNINGS FOR FISCAL YEAR

 BRISTOL, Pa., Nov. 17 /PRNewswire/ -- Scanforms, Inc. (NASDAQ: SCFM) today reported record sales and earnings for its 1993 fiscal year ended Oct. 3, 1993.
 Sales for the 1993 fiscal year increased by 17 percent to $22,488,000 compared to $19,302,000 in the previous year. Earnings increased 120 percent to $775,000, or $.22 per share, from $304,000, or $.10 per share, in the previous fiscal year.
 During the 1993 fiscal year, the company realized a one-time charge of $288,000, reflecting a write-off of a note receivable from the former chairman of the board of the company and accrued interest on the note. The charge had the effect of reducing net income by $168,000 (or $.05 per share).
 Sales for the fourth quarter of the 1993 fiscal year were $5.3 million compared to $4.8 million in 1992. Earnings were $319,500, or $.08 per share, compared to $176,000, or $.06 per share, during the previous fiscal year.
 Robert A. Samans, chairman and president of the company, stated, "We are delighted with our fiscal 1993 results, which reflect not only strong growth in the direct mail advertising industry but also the company's increasing success in serving the demands of the market."
 Scanforms is a manufacturer of direct mail advertising materials including printing, mailing and computer services.
 /delval/
 -0- 11/17/93
 /CONTACT: Robert A. Samans, chairman and president of Scanforms, 215-785-0101/
 (SCFM)


CO: Scanforms, Inc. ST: Pennsylvania IN: SU: ERN

MK-JM -- PH025 -- 5523 11/17/93 13:02 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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