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TAYCO DEVELOPMENTS, INC. REPORTS RECORD SALES AND EARNINGS FOR FOURTH QUARTER AND FISCAL 1993

 NORTH TONAWANDA, N.Y., Sept. 13 /PRNewswire/ -- Restructured as an operating research and development company (formerly a holding company), Tayco Developments Inc. (OTC Bulletin Board: TYCO), an affiliate of Taylor Devices, Inc. (NASDAQ Small Caps: TAYD), reported record sales of $340,050 compared to $311,228 a year earlier, and operating income of $85,058 vs. the $64,255 reported the previous year.
 Fourth quarter revenues were $108,496 vs. $84,124 a year earlier, and net income of $51,164, or 5 cents a share, compared to $20,319, or 2 cents a share, for the fourth quarter a year ago.
 Total net fiscal year income for 1993, including equity of affiliates, totaled $129,351, or 13 cents a share, as against a net of $52,215, or 6 cents a share, for the same period in 1992.
 "I wish to emphasize our growth in operating income," said Douglas P. Taylor, president. "Our income from sales of engineering services increasingly reflect our leadership in seismic damper research for earthquake shock control on buildings and bridges. The products resulting from this research are receiving worldwide interest. Another new market for products designed by developments and shocks which help stabilize launching of commercial satellites."
 TAYCO DEVELOPMENTS, INC.
 Year Ended June 30, Fourth Quarter
 1993 1992(A) 1993 1992(A)
 Revenues $340,050 $311,228 $108,496 $84,124
 Income before Extraordinary
 Item and Equity in Net
 Income of Affiliate 70,133 51,306 28,704 18,628
 Extraordinary Item (Tax
 Loss Carried Forward) 14,945 12,949 9,450 4,701
 Profit from Operations 85,058 64,255 38,154 23,325
 Equity in Net Income/Loss
 of Affiliate 44,293 (12,040) 13,010 (3,010)
 Net Income 129,351 52,215 51,164 20,319
 Per Share 0.13 0.06 0.05 0.02
 Shares Outstanding 993,922 993,922 993,922 993,922
 (A) Restated for prior year adjustments to earnings of affiliate Taylor Devices.
 -0- 9/13/93
 /CONTACT: Douglas Taylor, president, or Kenneth Bernstein, controller, Tayco Developments, Inc., 716-694-0800/
 (TAYD TYCO)


CO: Tayco Development Co. ST: New York IN: SU: ERN

SH-TW -- NY086 -- 1421 09/13/93 15:48 EDT
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Date:Sep 13, 1993
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