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TERMIFLEX REPORTS OPERATING RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED DEC. 31, 1992

 MERRIMACK, N.H., Jan. 20 /PRNewswire/ -- Termiflex Corporation (NASDAQ: TFLX) today reported operating results for the second quarter and six months ended Dec. 31, 1992. Sales for the quarter were $1,328,715, a substantial decrease compared to the $2,216,166 reported a year ago, but about even with the previously reported first quarter sales. These reduced revenue levels resulted in a loss of $(149,855) or (11 cents) per share for the quarter compared to a profit of $213,176 or 16 cents per share, a year ago. For the six-month period revenues were $2,667,359 compared to $4,035,731 for the previous year, resulting in a loss of $(219,183) or (16 cents per share), compared to a profit of $334,929, or 25 cents per share, last year.
 "The reduced revenue levels for the current quarter and six month period and the resulting loss are due to decreased shipments to both domestic and international customers and to delays in shipments of new custom products," according to Bill Fletcher, president. "Recently, orders have increased both domestically and internationally. These new orders, many of which will ship in the second half of our fiscal year, along with recent initial shipments of custom orders have combined to increase our confidence in revenue growth and a return to profitability in the second half of our fiscal year."
 The company announced in December that its board of directors had authorized the repurchase of up to 50,000 shares of its common stock. Some small purchases under the program have been made.
 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 1993
 CONSOLIDATED BALANCE SHEETS
 12/31/92 6/30/92
 ASSETS: (Unaudited) (Audited)
 Cash and cash equivalents $1,278,023 $2,559,932
 Accounts receivable 1,563,320 1,674,106
 Inventories 1,724,792 1,284,166
 Other current assets 293,151 125,344
 Fixed assets 2,390,145 2,440,358
 Total assets $7,249,431 $8,083,906


$440,358
 LIABILITES AND STOCKHOLDERS' EQUITY:
 Current liabilities $616,693 $1,001,579
 Deferred income taxes 576,972 609,585
 Long-term debt 862,936 1,009,096
 Stockholders' equity 5,192,830 5,463,646
 Total liabilities and
 stockholders equity $7,249,431 $8,083,906
 CONSOLIDATED STATEMENTS OF OPERATION
 (Unaudited)
 Three months ended 6 months ended
 12/31/92 12/31/91 12/31/92 12/31/91
 Net sales $1,328,715 $2,216,166 $2,667,359 $4,035,731
 Cost of sales 746,526 1,031,011 1,431,537 1,948,307
 Gross profit 582,189 1,185,155 1,235,822 2,087,424
 Expenses 766,034 866,979 1,517,005 1,587,495
 Earnings (loss) before
 income taxes (183,845) 318,176 (281,183) 499,929
 Income tax expense
 (benefit) (34,000) 105,000 (62,000) 165,000
 Net earnings (loss) $(149,845) $213,176 $(219,183) $334,929
 Net earnings (loss)
 per share (11 cents) 16 cents (16 cents) 25 cents
 Common shares
 outstanding 1,342,938 1,328,061 1,342,938 1,328,061
 NOTE: The company's quarterly financial report on form 10-Q is available to any stockholder upon request.
 -0- 1/20/93
 /CONTACT: Judith Spaulding of Termiflex, 603-424-3700/
 (TFLX)


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

TM -- NE003 -- 6744 01/20/93 09:11 EST
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Date:Jan 20, 1993
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