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STRUCTURAL INSTRUMENTATION REPORTS PRELIMINARY FOURTH QUARTER RESULTS

 TUKWILA, Wash., Aug. 30 /PRNewswire/ -- Structural Instrumentation Inc. (NASDAQ: SISI), today announced it expects a loss for the fourth fiscal quarter ended July 31, 1993 due to substantially increased reserves required for obsoleted inventory and higher service and product replacement costs, although the company expects a profitable full fiscal year.
 Based on preliminary review, the company expects to report a net loss of approximately $205,000, or 8 cents per share, on estimated revenues of $2,273,000.
 For the full fiscal year 1993, the company expects to report net income of approximately $65,000 or 3 cents per share on estimated revenues of $7,996,000, compared to $399,000, or 18 cents per share on revenues of $7,680,000 in the prior year.
 Audited financials are planned to be announced at the end of September. In the prior year's fourth quarter, the company, formerly known until last month as Invention, Design, Engineering Associates Inc., reported net income of $150,000 or 7 cents per share, on revenues of $1,883,000.
 "The reserves we have taken are prudent actions that underscore the company's commitment to its customers and long-term product support," said Jerry L. McCauley, president. "The past year has been one of significant investment for Structural Instrumentation, in terms of new product development, pursuing new markets and building an expanded management team."
 Structural Instrumentation Inc. manufactures micro-processor based weighing systems for the transportation industry. The primary markets for these systems are operators hauling bulk commodities in the forestry, waste and transport industries.
 -0- 8/30/93
 /CONTACT: Edward A. Alkire, chief financial officer, of Structural Instrumentation, 800-255-8274/
 (SISI)


CO: Structural Instrumentation Inc. ST: Washington IN: TRN SU: ERP

CO-JH -- SE002 -- 6966 08/30/93 09:15 EDT
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Publication:PR Newswire
Date:Aug 30, 1993
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