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TERMIFLEX REPORTS RECORD EARNINGS FOR THE FISCAL YEAR ENDED JUNE 30, 1992

 TERMIFLEX REPORTS RECORD EARNINGS FOR THE FISCAL YEAR ENDED
 JUNE 30, 1992
 MERRIMACK, N.H., July 27 /PRNewswire/ -- Termiflex Corporation (NASDAQ: TFLX), today reported that profits rose 76 percent to $744,183, or 54 cents per share, for the fiscal year ended June 30, 1992, compared to $422,391 or 31 cents, per share, reported last year. Revenues for the current year rose 3 percent to $8,366,932 compared to $8,120,935 a year ago. Fourth quarter profits rose to $156,443, or 11 cents per share compared to $129,841, or 10 cents per share, for the same period a year ago on quarterly revenues that rose to $2,174,525 compared to $2,145,192 last year.
 "Our continued commitment to controlling expenses and lowering costs has allowed us to report these record profits during a year when revenues have grown only modestly," reported Termiflex President Bill Fletcher. "While domestic demand for our products has remained flat in the year just ended, both our existing products and products introduced over the past 18 months have contributed to robust growth of international revenues, We anticipate continued strong international sales and improvements in domestic sales as the overall 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
 FOURTH QUARTER REPORT
 FISCAL YEAR 1992
 CONSOLIDATED BALANCE SHEETS
 6/30/92 6/30/91
 ASSETS:
 Cash and cash equivalents $2,559,932 $1,947,044
 Accounts receivable 1,674,106 1,689,316
 Inventories 1,284,166 931,526
 Other current assets 125,344 126,338
 Fixed assets 2,440,358 2,541,431
 Total assets $8,083,906 $7,235,655
 LIABILITES AND STOCKHOLDERS' EQUITY:
 Current liabilities $1,001,579 $681,067
 Deferred income taxes 609,585 460,478
 Long-term debt 1,009,096 1,226,647
 Stockholders' equity 5,463,646 4,867,463
 Total liabilities and
 stockholders' equity $8,083,906 $7,235,655
 CONSOLIDATED STATEMENTS OF OPERATIONS
 Three months ended 12 months ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Net sales $2,174,525 $2,145,192 $8,366,932 $8,120,935
 Cost of sales 1,018,044 1,215,451 3,904,497 4,527,304
 Gross profit 1,156,481 929,741 4,462,435 3,593,631
 Expenses 960,038 729,900 3,414,252 2,982,240
 Earnings before
 income taxes 196,443 199,841 1,048,183 611,391
 Income taxes 40,000 70,000 304,000 189,000
 Net earnings $156,443 $129,841 $744,183 $422,391
 Net earnings per share 11 cents 10 cents 54 cents 31 cents
 Weighted average number
 of common and common
 equivalent shares 1,405,314 1,336,041 1,372,569 1,341,926
 -0- 7/27/92
 /CONTACT: Judith Spaulding of Termiflex, 603-424-3700/
 (TFLX) CO: Termiflex Corporation ST: New Hampshire IN: CPR SU: ERN


TM -- NE004 -- 3341 07/27/92 08:36 EDT
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Date:Jul 27, 1992
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