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TERMIFLEX REPORTS OPERATING RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED MARCH 31, 1993

 MERRIMACK, N.H., April 19 /PRNewswire/ -- Termiflex Corporation (NASDAQ: TFLX) today reported operating results for the third quarter and nine months ended March 31, 1993. Sales for the quarter were $1,695,594, down 21 percent from the $2,156,676 reported for the same quarter a year ago, but up 28 percent from the $1,328,715 previously reported for second quarter sales. Profits for the quarter were $33,937, or 2 cents per share, down substantially from the $252,811, or 18 cents per share, reported a year ago, but an improvement from the loss of $149,845, or 11 cents per share, for this year's second quarter. For the nine-month period sales were $4,362,953, down 30 percent compared to the previous year's sales of $6,192,408, resulting in a loss of $185,246, or 14 cents per share, compared to a profit of $587,740, or 43 cents per share, last year.
 "This return to a revenue level that allows us to report a small profit is a result of improved international sales and additional revenue from initial production shipments of custom products to new domestic customers," reported Termiflex president Bill Fletcher. "We continue to focus on our core business and to develop products to expand our sales. Moderate improvements in operating results are expected for the final quarter of this fiscal year as compared to the quarter reported here."
 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
 THIRD QUARTER REPORT
 FISCAL YEAR 1993
 Consolidated Balance Sheets
 Mar. 31, 1993 June 30, 1992
 (unaudited) (audited)
 ASSETS
 Cash and cash equivalents $782,858 $2,559,932
 Marketable debt securities 201,245 ---
 Accounts receivable 1,805,853 1,674,106
 Inventories 1,858,728 1,284,166
 Other current assets 288,523 125,344
 Fixed assets 2,476,856 2,440,358
 Total assets $7,414,063 $8,083,906
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current liabilities $850,054 $1,001,579
 Deferred income taxes 536,000 609,585
 Long-term debt 839,872 1,009,096
 Stockholders' equity 5,188,137 5,463,646
 Total liabilities and stockholders'
 equity $7,414,063 $8,083,906
 CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
 Three Months Ended Nine Months Ended
 Mar. 31 Mar. 31
 1993 1992 1993 1992
 Net sales $1,695,594 $2,156,676 $4,362,953 $6,192,408
 Cost of sales 839,992 938,146 2,271,529 2,886,454
 Gross profit 855,602 1,218,530 2,091,424 3,305,954
 Expenses 854,665 866,719 2,371,670 2,454,214
 Earnings (loss) before
 income taxes 937 351,811 (280,246) 851,740
 Income tax expense
 (benefit) (33,000) 99,000 (95,000) 264,000
 Net earnings (loss) $33,937 $252,811 $(185,246) $587,740
 Net earnings (loss)
 per share 2 cents 18 cents (14 cents) (43 cents)
 Common shares
 outstanding 1,341,963 1,328,061 1,341,963 1,328,061
 The company's quarterly financial report on Form 10-Q is available to any stockholder upon request.
 -0- 4/19/93
 /CONTACT: Judith Spaulding of Termiflex Corporation, 603-424-3700/
 (TFLX)


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

CH -- NE002 -- 7126 04/19/93 07:35 EDT
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Date:Apr 19, 1993
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