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SURGIDYNE INC. REPORTS SECOND CONSECUTIVE PROFITABLE YEAR

 INVER GROVE HEIGHTS, Minn., March 23 /PRNewswire/ -- Surgidyne, Inc., today reported net income of $23,779 on sales of $1,209,115 for the fiscal year ended Dec. 31, 1992. This compares with net income of $4,490 on sales of $1,083,960 for fiscal 1991. The company reports that the higher net income and revenues in 1992 are attributed to increased sales of the company's orthopedic autotranfusion products to Baxter Healthcare Corporation.
 The company, whose stock is traded in the local over-the-counter market, manufactures portable battery powered vacuum controllers and disposable suction and collection products for surgical wound drainage, postoperative autotransfusion, emergency aspiration and other medical/surgical applications. The company's executive offices are located at 9605 West Jefferson Trail, Inver Grove Heights, Minn., 55077.
 SURGIDYNE, INC.
 CONDENSED STATEMENT OF OPERATIONS
 Year Ended
 12/31/92 12/31/91
 Net sales $1,209,115 $1,083,960
 Operating costs and expenses 1,124,746 1,029,714
 Operating income 84,369 54,246
 Other income (expense) (60,590) (49,756)
 Net income $23,779 $4,490
 Net income per share $.01 $.00
 Weighted average common
 shares outstanding 4,128,030 3,923,101
 -0- 3/23/93
 /CONTACT: Charles B. McNeil, executive vice president of Surgidyne, 612-681-9235/


CO: Surgidyne, Inc. ST: Minnesota IN: MTC SU: ERN

DS -- MN015 -- 8866 03/23/93 17:51 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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