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TERMIFLEX DECLARES REGULAR QUARTERLY CASH DIVIDEND AND ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS

 MERRIMACK, N.H., Jan. 5 /PRNewswire/ -- Termiflex Corporation (NASDAQ: TFLX) today reported that its board of directors has declared a regular quarterly cash dividend of 7 cents per share payable on Jan. 29, 1993, to stockholders of record on Jan. 19, 1993.
 Revenues have remained low for the second quarter in a row at about $1.3 million, which will produce a loss of about $150,000 or 11 cents per share. The precise results for the second quarter and six-month period ended Dec. 31, 1992, will be released in mid-January.
 The previously reported delays in forecasted international shipments, slippages of custom product shipments and continued slowdown of domestic Original Equipment Manufacturer (OEM) shipments, have all combined to produce the revenue shortfall and resultant loss for the first half of our fiscal year. Recent domestic and international orders and initial shipments of custom products have increased our confidence in improved revenues and a return to profitability in the second half of our fiscal year.
 The company has begun open market purchases of its common stock under a buy-back program announced on Dec. 15, 1992.
 Termiflex Corporation designs, manufactures and sells rugged, handheld and panel-mounted terminals used as operator control panels, service units and data acquisition devices with microprocessor-based commercial, industrial and military equipment.
 -0- 1/5/93
 /CONTACT: Judith Spaulding of Termiflex, 603-424-3700/
 (TFLX)


CO: Termiflex Corporation ST: New Hampshire IN: CPR SU: DIV

DD -- NE001 -- 1544 01/05/93 08:28 EST
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Publication:PR Newswire
Date:Jan 5, 1993
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