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SECURITY TAG SALES GROW 20 PERCENT

 SECURITY TAG SALES GROW 20 PERCENT
 ST. PETERSBURG, Fla., Aug. 3 /PRNewswire/ -- Security Tag Systems,


Inc. (NASDAQ: STAG) today announced operating results for the first quarter of fiscal year 1993 ended June 30, 1992, in which sales rose more than 20 percent over the comparable period last year.
 Carter W Clarke, Jr, president and chief executive officer of Security Tag Systems stated, "Despite the continued poor retail climate in the U.S., sales by our own national sales force increased a substantial 50 percent, while other domestic sales, mostly through our dealer network, rose 28 percent. Our costs were up due to major additions to our sales and marketing staff, which contributed to a very modest first quarter profit. However, we consider this additional burden now to be a solid investment in the future potential of the company.
 "Our South American joint venture recorded a slight increase over last year's sales figures. The poorest area of performance was in Europe, where sales continue to slump. But we believe that will change shortly.
 "The purchase by Sensormatic Electronics Corporation (NYSE: SRM) of the EAS and CCTV business of Automated Security (Holdings) PLC, along with the 30 percent interest in Security Tag that Automated owned, has been completed. As a result of that transaction, Security Tag is guaranteed over $12.5 million in product sales for overseas distribution, mostly in Europe, over the next twelve months.
 "If we continue our present momentum, Security Tag should have another year of solid gains."
 Security Tag Systems, Inc. develops, manufactures and markets electronic detection systems and loss prevention devices for retail, business, industrial and military markets.
 SECURITY TAG SYSTEMS, INC.
 SELECTED OPERATING RESULTS
 (Unaudited)
 Three Months Ended June 30 1992 1991
 Current sales $5,098,505 $4,225,752
 Miscellaneous
 Income (expense), net (9,875) 38,283
 Total operating
 Revenues 5,088,630 4,264,035
 Income before
 Income taxes 62,209 34,044
 Income taxes, net 2,000 10,000
 Net income 60,209 24,044
 Net income per share $0.00 $0.00
 Number of shares
 outstanding 14,587,261 14,508,957
 -0- 8/3/92
 /CONTACT: Carter W. Clarke, Jr. of Security Tag Systems, 813-576-6399, or Burton Arkin of Arkin Associates, 212-599-2369, for Security Tag Systems/
 (STAG) CO: Security Tag Systems, Inc. ST: Florida IN: SU: ERN


PS -- NY046 -- 6128 08/03/92 11:53 EDT
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Publication:PR Newswire
Date:Aug 3, 1992
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