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UNIFLEX ANNOUNCES 100 PERCENT STOCK DIVIDEND

 HICKSVILLE, N.Y., Nov. 15 /PRNewswire/ --The Board of Directors of Uniflex, Inc. (NASDAQ-NMS: UNIF), today declared a two-for-one split of common shares, to be effected in the form of a 100 percent stock dividend. The stock dividend is payable on Dec. 17, 1993, to shareholders of record on Dec. 6, 1993. This will be the second 100 percent stock dividend paid by the Company in 14 months.
 "We are splitting the stock two-for-one for the second consecutive year," stated Herbert Barry, Uniflex's president. "I believe Uniflex has a very exciting future ahead of it, and we want to improve investor awareness and research coverage of the Company. To be more attractive to institutional investors the Company needs to expand the number of shares outstanding, so we are splitting the stock again."
 Mr. Barry stated further, "Our business is strong, reflecting the current high level of orders and shipments. We expect our financial results to compare favorably to our industry and to corporate America. We anticipate sales and earnings to reach new annual highs in fiscal 1994."
 The 100 percent stock dividend will increase shares outstanding by 1,132,842 to 2,265,684, and options to purchase Common Stock outstanding from 545,000 to 1,090,000.
 Uniflex designs, manufactures, and markets a growing line of specialty plastic bags used for packaging, sales and advertising promotions, including general retailing. The Company also manufactures an expanding line of patented medical products for use in hospitals, medical laboratories, and emergency care centers. Medical products, which include specially designed bags for the safe handling of medical specimens and for other uses, are an important source of growth to the Company.
 -0- 11/15/93
 /CONTACT: Robert K. Semel, Executive Vice President of Uniflex, Inc. 516-997-7300/
 (UNIF)


CO: Uniflex, Inc. ST: New York IN: PAP SU: DIV

TW -- NY105 -- 4529 11/15/93 14:24 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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