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SECURITY TAG REVENUE GROWTH CONTINUES

 ST PETERSBURG, Fla., Feb. 3 /PRNewswire/ -- SECURITY TAG SYSTEMS, INC (NASDAQ: STAG) today announced operating results for the third quarter and nine months of Fiscal Year 1993, ended Dec. 31. Sales grew 15 percent for the quarter, and 20 percent for the nine months, continuing the upward trend established four years ago.
 Carter W. Clarke, Jr, president and chief executive officer of SECURITY TAG SYSTEMS stated, "We are pleased with the rise in revenues despite the still-soft economy that continues to affect sales here and in Europe. We are not as pleased with the profits so far this year. The major cause of the lower profit margins was due to production problems faced by the introduction of new designs for some of our tags. Those problems are being resolved, and we are hopeful that our margins will be more positive in the future."
 With regard to the proposed merger with Sensormatic Electronics Corporation (NYSE: SRM), the time limit under the merger agreement has been extended for an additional 60 days, to the end of March, in accordance with the agreement. The reason for the extension is the request by the Federal Trade Commission for additional information under the Hart-Scott-Rodino Antitrust Improvements Act. SECURITY TAG and Sensormatic are in the process of furnishing information in response to the request.
 SECURITY TAG SYSTEMS, INC develops, manufactures and markets electronic detection systems and loss prevention devices for retail, business, industrial and military markets.
 SELECTED OPERATING RESULTS
 (unaudited)
 Three months ended Dec. 31 1992 1991
 Current Sales 6,099,859 5,296,024
 Miscellaneous Income, Net 335 15,257
 Total Operating Revenues 6,100,194 5,311,281
 Income Before Taxes 407,932 482,828
 Income Tax Provision, Net 19,000 50,000
 Net Income 388,932 432,828
 Net Income Per Share 0.03 0.03
 Weighted Average Number
 of Shares Outstanding 14,595,862 14,558,094
 Nine months ended Dec. 31 1992 1991
 Current Sales 17,065,240 14,154,803
 Miscellaneous Income, Net 13,069 53,989
 Total Operating Revenues 17,078,309 14,208,792
 Income Before Taxes 612,214 715,742
 Income Tax Provision, Net 31,000 75,000
 Net Income 581,214 640,742
 Net Income Per Share 0.04 0.04
 Weighted Average Number
 of Shares Outstanding 14,590,679 14,528,878
 -0- 1/3/93
 /CONTACT: Carter W. Clarke, Jr., 813-576-6399, or Burton Arkin, 212-599-2369, both for Security Tag Systems/
 (STAG)


CO: Security Tag Systems, Inc. ST: Florida IN: SU: ERN

LR -- NY005 -- 2239 02/03/93 09:05 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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