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TAYCO DEVELOPMENTS CONTINUES PROFIT TREND IN FIRST SIX MONTHS

 TAYCO DEVELOPMENTS CONTINUES PROFIT TREND IN FIRST SIX MONTHS
 NORTH TONAWANDA, N.Y., Feb. 4 /PRNewswire/ -- Tayco Developments, Inc., a restructured affiliate of Taylor Devices (TAYD), continued its profit-making trend, reporting net earnings of $21,064 for the first six months ended Dec. 31, 1991, compared to losses of $61,610 in the previous fiscal year.
 Sales of the re-organized company for the six months ended Dec. 31, 1991, were $146,453 as against sales of the "old" company of $43,894 for a full year.
 The move to turn the company around from a holding unit to a staffed operating research and development facility was approved when shareholders at the company's annual meeting, Nov. 25, 1991, voted Douglas P. Taylor and his new board of directors on power by a substantial majority.
 Commenting on the second quarter results, Taylor stated: "Profits would have been higher except for high expenses of the proxy contest. Tayco has patents pending on new commercial isolator designs, and new earthquake protection devices which hold the promise of substantial markets and future royalties.
 TAYCO DEVELOPMENTS, INC.
 Periods ended 1991 Previous Fiscal
 Dec. 31 Quarter Six Months Year
 Revenues $67,032 $146,453 $43,894
 Net income 2,758 21,064 ($61,610)
 Earnings per share $.004 $.029 --
 Shares outstanding 715,017 715,017
 -0- 2/4/92
 /CONTACT: Douglas Taylor, president, or Frank Sorto, treasurer, 716-694-0877, both of Tayco Developments; or H.T. Rockwell of Rockwell Associates, 203-262-6596, for Tayco Developments/ CO: Tayco Developments, Inc. ST: New York IN: SU: ERN


CK-SM -- NY084 -- 6834 02/04/92 15:51 EST
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Publication:PR Newswire
Date:Feb 4, 1992
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