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TAYLOR DEVICES SALES AND NET EARNINGS CONTINUE STRONG UP TREND IN QUARTER AND SIX MONTHS

 TAYLOR DEVICES SALES AND NET EARNINGS CONTINUE
 STRONG UP TREND IN QUARTER AND SIX MONTHS
 NORTH TONAWANDA, N.Y., Jan. 9 /PRNewswire/ -- With substantial gains reported in both sales and net earnings for the quarter and six months ended Nov. 11, 1991, Douglas P. Taylor, the new president of Taylor Devices, Inc. (NASDAQ: TAYD), stated, "I now expect our annual sales to reach a record high of $5.5 million...in fact, since the annual shareholder meeting late November last year, we have booked new orders in excess of $1.8 million."
 Taylor Devices, Inc. reported for the quarter ended Nov. 30, 1991, sales of $1,492,444, up 35 percent over the $1,099,143 posted in the same quarter a year ago; and net profits of $93,716 or $.04 per share, up 340 percent over the $26,843 or $.01 per share in the like quarter in 1990.
 Six months results showed sales of $3,008,424 for the period ended Nov. 11, 1991, up 37 percent over the $2,189,089 reported in the like period a year ago; and net profits for six months ended Nov. 11, 1991, were $166,506 or $.07 per share, as against a net profit of $16,097 or $.006 reported in the same period last year.
 Douglas Taylor, with a new board of directors, was elected president by a landslide vote at the company's annual meeting Nov. 25, 1991, after a bitter proxy contest. Over 90 percent of stockholders at the meeting voted for Taylor's restructuring plan which included divesting the company of a loss-ridden affiliate, and reviving its basic patent research subsidiary, Tayco Developments. Further, Doug Taylor's plan called for broadening sales on profitable products, and building new commercial markets built on expertise developed from years of aerospace, defense and energy patent designs.
 TAYLOR DEVICES, INC.
 Periods ended Three Months Six Months
 Nov. 30 1991 1990 1991 1990
 Net sales $1,492,444 $1,099,143 $3,008,424 $2,189,089
 Net profit 93,716 26,843 166,506 16,097
 Earnings per share $.04 $.01 $.07 $.006
 Shares outstanding 2,507,880 2,500,262 2,507,880 2,500,262
 -0- 1/9/92 R
 /CONTACT: Douglas Taylor, president, or Frank Sorto, treasurer, of Taylor Devices, 716-694-0800, or Henry T. Rockwell of Rockwell Associates, 203-262-6596, for Taylor Devices/
 (TAYD) CO: Taylor Devices, Inc. ST: New York IN: SU: ERN


JP-CK -- NY043R -- 8336 01/09/92 15:20 EST
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Publication:PR Newswire
Date:Jan 9, 1992
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