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TAPISTRON INTERNATIONAL REPORTS FISCAL FOURTH QUARTER AND YEAR END RESULTS

 TAPISTRON INTERNATIONAL
 REPORTS FISCAL FOURTH QUARTER AND YEAR END RESULTS
 CHATTANOOGA, Tenn., Oct. 30 /PRNewswire/ -- Tapistron International, Inc. (NASDAQ: TAPI TAPIW) today reported revenues from the sale of minor computer components for the fourth quarter ended July 31, were $2,905 compared to no revenues the same quarter a year ago.
 In the second quarter of fiscal 1992, the company completed the final phases of the development of its two-meter CYP (computerized yarn placement) machine and initiated sales to the textile industry.
 The company reported a net loss of ($485,693) or ($.08) per share for the quarter ended July 31, vs. a net loss of ($345,072) or ($0.07) per share the same period a year ago.
 Revenues for the fiscal year ended July 31, amounted to $1,404,112, reflecting the company's emergence from development and the sale of two
CYP two-meter looms, vs. no revenues generated in fiscal 1991. The net loss for the year was ($1,220,692) or ($0.22) per share compared to a net loss of ($1,067,430) or ($0.21) per share for fiscal year ended July 31, 1991.
 Commenting on the results and recent developments at Tapistron International, Lanier M. Davenport, chairman and chief executive officer, said: "We are very pleased to report that sales of the first two CYP machines during the year reflect only a small fraction of the interest that has been generated in the company's CYP technology. We broke ground yesterday on the company's new manufacturing facility and anticipate completion in March 1993." Noting the company's exclusive licensing agreement with Ful-dye, Davenport said, "We recently received notification of approval for the two patent applications covering the Ful-dye process and the device."
 Tapistron International, Inc. is headquartered in the center of the country's carpet industry and has developed the CYP (computerized yarn placement) machine, a highly sophisticated patented innovation in tufting technology. The CYP technology is a proprietary, totally computerized process that is capable of manufacturing highly versatile patterned, colored and textured carpet and textile products for residential and commercial applications. Additionally, the company has the exclusive rights to the technology of a textile dyeing process developed by Ful-dye, Inc.
 TAPISTRON INTERNATIONAL, INC.
 Summary of Financial Data
 3 mos. ended 7/31/92 7/31/91
 Revenues $ 2,905 ---
 Cost of sales 1,424 ---
 Gross profit 1,481 ---
 Operating expenses:
 Administrative 372,550 255,622
 Research & development 125,357 74,827
 Total 497,907 330,449
 Operating loss (469,426) (330,449)
 Interest, net 10,733 (14,623)
 Net loss (485,693) (345,072)
 Net loss per share $ (0.08) $ (0.07)
 Shares used in computing per
 share amounts 6,153,293 5,215,217
 12 mos. ended 7/31/92 7/31/91
 Revenues $1,404,112 ---
 Cost of sales 900,968 ---
 Gross profit 503,144 ---
 Operating expenses:
 Administrative 1,259,040 696,625
 Research & development 402,905 304,766
 Total 1,661,945 1,001,391
 Operating loss (1,158,801) (1,001,391)
 Interest, net (61,891) (66,039)
 Net loss (1,220,692) (1,067,430)
 Net loss per share $ (0.22) $ (0.21)
 Shares used in computing per
 share amounts 5,476,484 5,018,842
 -0- 10/30/92
 /CONTACT: Lanier M. Davenport, chairman and CEO or John C. Thomas Jr., chief financial officer of Tapistron International, 615-265-1920/
 (TAPI TAPIW) CO: Tapistron International, Inc. ST: Tennessee IN: TEX SU: ERN


BR-BN -- AT007 -- 7258 10/30/92 15:55 EST
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Date:Oct 30, 1992
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