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SOLITEC REPORTS FIRST QUARTER RESULTS AND SHAREHOLDER VOTE

 SOLITEC REPORTS FIRST QUARTER RESULTS AND SHAREHOLDER VOTE
 SANTA CLARA, Calif., Feb. 13 /PRNewswire/ -- The following was released today by Solitec (NASDAQ: SOLI): First Fiscal Quarter
 Revenues for the first fiscal quarter end Dec. 31, 1991 were $964,000 compared to $1,190,000 for the first fiscal quarter of the prior year. The company had a net loss of $201,000 or $.01 per share in the first fiscal quarter of 1992 compared to a net loss of $694,000 or $.10 per share in the comparable period of the prior year. According to Partha Sarathy, the company's chief financial officer, first fiscal quarter 1991 figures included $136,000 in revenues from Advanced Crystal Sciences, a subsidiary which was divested in January 1991. Shareholders' Meeting
 The company also reported the results of its annual meeting held on Feb. 11, 1992. In order to increase the likelihood of the company meeting NASDAQ's new maintenance standards, shareholders approved, among other items, a 20-to-1 reverse split with no change in a shareholder's proportionate ownership of the company. Management noted, however, that the company does not currently meet NASDAQ's capital and surplus standards and was exploring ways to meet this criteria.
 The company has reviewed the administrative details and time required to implement the reverse split, such as preparation of stock certificates, filing amendments to the company's articles and notification of the appropriate regulatory agencies, and has set a planned effective date for the reverse split of March 2, 1992. As soon as practical after the effective date, shareholders will be notified and requested to surrender their certificates to the company's transfer agent for exchange.
 Solitec is a publicly held manufacturer of production equipment for the semiconductor industry. Its stock is traded on NASDAQ under the symbol SOLI.
 -0- 2/13/92
 /CONTACT: Joseph McDowell or Partha Sarathy of Solitec, 408-980-1355/
 (SOLI) CO: Solitec ST: California IN: CPR SU: ERN


DG -- SJ003 -- 9938 02/13/92 16:37 EST
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Date:Feb 13, 1992
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