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TERMIFLEX REPORTS INCREASES IN SALES AND EARNINGS FOR THE SECOND QUARTER AND SIX MONTHS ENDED DEC. 31, 1991

 TERMIFLEX REPORTS INCREASES IN SALES AND EARNINGS FOR THE
 SECOND QUARTER AND SIX MONTHS ENDED DEC. 31, 1991
 MERRIMACK, N.H., Jan. 16 /PRNewswire/ -- Termiflex Corporation (NASDAQ: TFLX) today announced sales were up 28 percent at $2,216,166 for the quarter ended Dec. 31, 1991, compared to $1,732,823 for the same period a year ago. Profits were up sharply at $213,176, or 16 cents per share, compared to $41,959, or 3 cents per share, for the same quarter last year. For the six-month period, revenues increased to $4,035,731, compared to $3,974,061 last year. Profits for the six months were $334,929 or 25 cents per share, up 52 percent compared to the $219,648, or 16 cents per share, reported a year ago.
 "Many factors combined to allow us to report these gratifying results," said Bill Fletcher, president. "Continued focus on our core business, products and customers, as well as attention to controlling costs in all parts of our operation, have resulted in improved margins and a strengthened balance sheet. International sales have grown noticeably over the past six months while domestic sales continue to be relatively steady. Although we are encouraged by these results, we will continue to operate conservatively so we are positioned to respond effectively as the economy recovers."
 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.
 TERMIFLEX CORPORATION
 Second Quarter Report
 Fiscal Year 1992
 Consolidated Balance Sheets
 12/31/91 6/30/91
 Assets: (unaudited) (audited)
 Cash and cash equivalents $1,965,898 $1,947,044
 Accounts receivable 1,809,222 1,689,316
 Inventories 1,076,876 931,526
 Other current assets 148,926 126,338
 Fixed assets 2,466,611 2,541,431
 Total Assets $7,467,533 $7,235,655
 Liabilities and stockholders' equity:
 Current liabilities $968,199 $681,067
 Deferred income taxes 499,278 460,478
 Long-term debt 1,042,682 1,226,647
 Stockholders' equity 4,957,374 4,867,463
 Total Liabilities and Stockholders'
 Equity $7,467,533 $7,235,655
 TERMIFLEX CORPORATION
 Consolidated Statements of Operations (Unaudited)
 Three Months Ended Six Months Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Net sales $2,216,166 $1,732,823 $4,035,731 $3,974,061
 Cost of sales 1,031,011 976,574 1,948,307 2,201,059
 Gross profit 1,185,155 756,249 2,087,424 1,773,002
 Expenses 866,979 695,790 1,587,495 1,454,854
 Earnings before
 income taxes 318,176 60,459 499,929 318,148
 Income taxes 105,000 18,500 165,000 98,500
 Net earnings $213,176 $41,959 $334,929 $219,648
 Net earnings
 per share 16 cents 3 cents 25 cents 16 cents
 Common shares
 outstanding 1,328,061 1,323,955 1,328,061 1,323,955
 ---
 NOTE: The company's quarterly financial report on Form 10-Q is available to any stockholder upon request.
 -0- 1/16/92
 /CONTACT: Judith Spaulding of Termiflex, 603-424-3700/
 (TFLX) CO: Termiflex Corporation ST: New Hampshire IN: CPR SU: ERN


SH -- NE002 -- 0362 01/16/92 09:18 EST
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Date:Jan 16, 1992
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