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THREE-FIVE SYSTEMS MOVES UP TO THE AMERICAN STOCK EXCHANGE; PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE

 NEW YORK, Jan. 28 /PRNewswire/ -- The American Stock Exchange today announced that the common stock of Three-Five Systems, Inc., of Phoenix, Ariz., listed since March of last year on the AMEX's Emerging Company Marketplace, has been approved for trading on the Exchange's primary list. Trading under ticker symbol "TFS", the stock opened at the 9:30 a.m. bell today. J. Streicher & Co. will continue as the company's specialist firm.
 Commenting on the graduation as well as the company's record sales and earnings increases for the fourth quarter and year ended 1992, David R. Buchanan, chairman and CEO of Three-Five, said, "Our success in terms of our accomplishments over the past year, coupled with the benefits provided by this promotion within the AMEX, are right in line with our strategy for continuous growth and increased shareholder value. We're very optimistic about the future of the company."
 James R. Jones, chairman and chief executive officer of the American Stock Exchange, said, "Three-Five's move to our primary list from the Emerging Company Marketplace is the fifth in what has become a consistent crop of such success stories." He added, "We believe that, like Three-Five, more and more young companies will acknowledge the efficiencies inherent in the auction market, which provide the trading environment and visibility vital to their continued growth.
 Three-Five Systems, the fifth ECM company to join the nearly 900 companies fully qualified for AMEX listing, is a manufacturing technology company with worldwide headquarters located in Phoenix, Ariz., and European headquarters in Swindon, England. The company offers expertise in light emitting diode (LED) and liquid crystal display (LCD) technologies and advanced manufacturing techniques for the design and production of custom electronic information display systems and input devices for original equipment manufacturers' products.
 Three-Five Systems recently reported record sales and earnings, including sales of $20,833,169 on earnings of $1,021,949 or $.28 per share for year end Dec. 31, 1992, compared with sales of $18,698,664 on earnings of $233,777 or $.06 per share for 1991, an increase of 337 percent on annual earnings.
 The Emerging Company Marketplace was created to provide companies in their growth stages with the full benefits of the auction market system. The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the AMEX finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 1/28/93
 /CONTACT: Paul Nobile, manager-equities communications of the AMEX, 212-306-2028/
 (TFS)


CO: Three-Five Systems, Inc. ST: Arizona IN: SU:

GK -- NY080 -- 0364 01/28/93 14:35 EST
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Publication:PR Newswire
Date:Jan 28, 1993
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