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STANDARD LOGIC REPORTS 281 PERCENT INCREASE IN SECOND QUARTER EARNINGS

STANDARD LOGIC REPORTS 281 PERCENT INCREASE IN SECOND QUARTER EARNINGS
 ANAHEIM, Calif., May 21 /PRNewswire/ -- Standard Logic Inc. (NASDAQ: STDL), a developer and manufacturer of electronics products, announced today net income of $237,557 for the second quarter ended April 25, 1992, an increase of 281 percent over last year's second quarter earnings.
 For the three-month period ended April 25, 1992, the company earned $237,557, or $.03 per share, on revenues of $581,583, compared to a net income of $62,293, or $.01 per share, on revenues of $269,172 for the same period last year. This increase is directly attributable to increased shipments in its systems business to General Electric Corp.'s GEISCO Division and completion of a major order.
 For the six-month period, Standard Logic reported revenues of $1,442,627, which compared to $551,526 in revenues a year ago. Net income for the six-month period ended April 25, 1992, is $663,154, or $.08 per share, vs. $105,194, or $.01 per share, for the same period last year.
 Standard Logic is in the process of finalizing a merger agreement with Appoint Inc., a Paso Robles, Calif.-based privately held company which designs, manufactures and markets second generation input devices for IBM compatible, portable computers and the Apple Macintosh.
 For the fiscal year ended Oct. 31, 1991, revenues were $2.4 million. Standard Logic is projecting revenues of $10 million-$12 million for the 1992 fiscal year, according to Wes Baumgardner, chief executive officer of Standard Logic. The 1992 projections assume the merger with Appoint Inc. will be completed and the subsequent number of shares outstanding will be approximately 16.5 million. The merger agreement is expected to be consummated in July.
 STANDARD LOGIC INC.
 Financial Summary
 Quarter Ended Six Months Ended
 April 25, April 25,
 1992 1991 1992 1991
 Revenues $581,583 $269,172 $1,442,627 $551,526
 Total net
 income $237,557 $62,293 $663,154 $105,194
 Net income
 per share $0.03 $0.01 $0.08 $0.01
 Weighted average
 number of common
 shares out-
 standing 8,759,351 8,639,351 8,759,351 8,602,685
 Since 1967, Standard Logic has specialized in the development and sale of electronics products and services to the electronic packaging industry. In addition, the company provides software and wire-wrapping services for its in-house products to numerous commercial and military customers.
 -0- 5/21/92
 /CONTACT: Wes Baumgardner, CEO of Standard Logic, 714-632-9292; or Shannon Squyres of the Corporate Relations Group, 714-955-1860, for Standard Logic/
 (STDL) CO: Standard Logic Inc. ST: California IN: CPR SU: ERN


DM-KJ -- LA012 -- 2699 05/21/92 10:03 EDT
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Publication:PR Newswire
Date:May 21, 1992
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