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STANDARD LOGIC REPORTS AUDITED RESULTS FOR 1991

 STANDARD LOGIC REPORTS AUDITED RESULTS FOR 1991
 ANAHEIM, Calif., Dec. 18 /PRNewswire/ -- Standard Logic Inc.


(NASDAQ: STDL) today reported the audited results of operations for its fiscal year ended Oct. 31, 1991.
 The audited results for fiscal 1991 did not differ significantly from the unaudited results announced on Nov. 21, 1991.
 An audited summary of operations and audited balance sheets follow.
 Standard Logic has specialized in the development and sale of electronics products and services for more than 25 years. Standard Logic recently announced its intention to acquire Appoint Inc., Paso Robles, Calif., subject to approval of Standard Logic shareholders at an annual shareholders' meeting tentatively scheduled for May 1992. Appoint is a privately held designer and manufacturer of high dexterity, portable computer-input pointing devices.
 STANDARD LOGIC INC.
 Balance Sheets
 Oct. 31, Oct. 31,
 1991 1990
 Assets
 Current assets:
 Cash and cash equivalents $981,722 $319,189
 Accounts receivable, net of
 allowance for doubtful accounts
 of $9,905 in 1991 and 1990 316,556 232,938
 Inventories 176,025 103,169
 Prepaid expenses 8,900 19,914
 Notes receivable-current 519,000 0
 Total current assets $2,002,203 $675,210
 Property, plant and equipment, at cost:
 Machinery and equipment $304,396 $304,396
 Furniture and fixtures 144,013 144,013
 Leasehold improvements 13,628 13,628
 Less accumulated depreciation and
 amortization (315,939) (249,105)
 Total $146,098 $212,932
 Investments 75,000 0
 Other assets 13,263 19,885
 Notes receivable 50,000 0
 Total assets $2,286,564 $908,027
 Liabilities
 Current Liabilities:
 Accounts payable $102,766 $98,293
 Accrued compensation 84,068 49,146
 Customer deposits 245,060 0
 Other accrued liabilities 136,611 75,650
 Total liabilities $568,505 223,089
 Shareholders' equity
 Common stock, $.025 par value,
 authorized 10,000,000 shares,
 issued and outstanding 8,759,351
 and 8,529,351 at Oct. 31, 1991
 and 1990 $218,984 $213,234
 Additional paid-in capital 10,457,144 10,451,394
 Subscriptions receivable (19,500) (15,250)
 Accumulated deficit (8,938,569) (9,964,440)
 Total shareholders' equity $1,718,059 $684,938
 Total liabilities and shareholders'
 equity $2,286,564 $908,027
 STANDARD LOGIC INC.
 Summary of Operations
 Fiscal Year End Fiscal Year End
 10/31/91 10/31/90
 Net sales $2,466,554 $1,126,762
 Net income (loss) $1,025,871 ($221,247)
 Net income (loss)
 per share $0.12 ($0.03)
 Weighted average
 number of shares
 outstanding 8,621,899 6,402,461
 -0- 12/18/91
 /CONTACT: Wes Baumgardner, president and chairman of the board of Standard Logic Inc., 714-632-9292; or Thomas O. Wick or William F. Coffin of Financial Relations Board, 818-783-2400, for Standard Logic/
 (STDL) CO: Standard Logic Inc. ST: California IN: CPR SU: ERN


CH -- LA004 -- 3331 12/18/91 10:32 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Dec 18, 1991
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