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VARITRONICS REPORTS INCREASED SALES AND EARNINGS FOR ITS FIRST QUARTER ENDED OCT. 31, 1992

 MINNEAPOLIS, Nov. 16 ~PRNewswire~ -- Varitronic Systems, Inc. (NASDAQ: VRSY) today reported earnings of 22 cents per share, or $639,000, for its first quarter ended Oct. 31, 1992, on sales of $11,262,000. This compares to earnings of 16 cents per share, or $581,000, on sales of $9,252,000 in the year-ago period.
 Net sales for the quarter ended Oct. 31, 1992, increased 21.7 percent, or $2,010,000, from the comparable quarter last year. Current year first quarter sales included approximately $1,000,000 of business carried over from the fourth quarter of last fiscal year due to the shutdown of the company's plant during the last week of fiscal 1992. Earnings for the quarter ended Oct. 31, 1992 included $159,000 of non- operating income from the sale of 53,000 shares of Insignia Systems, Inc. common stock.
 "I'm pleased with our first quarter performance and the positive momentum of our business" commented Scott Drill, chairman, president and CEO. "Our recent product line additions, established distribution network and financial strength position us well for future growth."
 Varitronics said there was no outstanding debt as of Oct. 31, 1992, and book value per share was $6.72. The company also reported that it has repurchased 171,000 shares of its common stock in the open market since Aug. 1, 1992, at an average price of $5.68 per share. As of Nov. 16, 1992, there were 2,855,000 common shares outstanding. The company is authorized to repurchase an additional 144,000 shares of common stock in the open market or in privately-negotiated transactions.
 Varitronics is a Minnesota-based developer, manufacturer and marketer of business-graphics systems that satisfy a variety of presentation, labeling and signage needs.
 VARITRONIC SYSTEMS, INC.
 Results of Operations
 (in thousands, except per share amounts)
 Three Months Ended
 October 31,
 1992 1991
 Net sales $11,262 $9,252
 Net income 639 581
 Net income per share $.22 $.16
 Weighted average common
 shares outstanding 2,933 3,613
 -0- 11~16~92
 ~CONTACT: Jack Falker of Swenson Falker Eilertsen, 612-371-0000, for Varitronic, or Debbie Moore of Varitronic Systems Inc., 612-542-1500~
 (VRSY)


CO: Varitronic, Inc. ST: Minnesota IN: MTC SU: ERN

AL -- MN009 -- 1411 11~16~92 15:28 EST
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Date:Nov 16, 1992
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