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VERTEX INDUSTRIES REPORTS OPERATING RESULTS FOR FISCAL YEAR ENDED JULY 31, 1991

 VERTEX INDUSTRIES REPORTS OPERATING RESULTS FOR FISCAL YEAR
 ENDED JULY 31, 1991
 CLIFTON, N.J., Nov. 20 /PRNewswire/ -- Vertex Industries, Inc. (NASDAQ: VETX), today reported results for the fiscal year ended July 31, 1991. James Q. Maloy, chairman and president, said that "although a flat year in terms of overall performance, fiscal 1991 set the stage for future growth as our Bridge software package gains acceptance."
 For the fiscal year ended July 31, 1991, Vertex net sales were $3,502,653 compared with $3,508,471 in fiscal 1990. Net loss for the year of $267,489, or $.14 per share, on 1,896,033 weighted average shares outstanding compares with a loss of $269,449, or $.15 per share, on 1,781,585 weighted average shares outstanding in the prior year.
 Early in fiscal 1992, Vertex reported the receipt of Phase II orders from the Bell Atlantic Company for hardware and software used in Bell Atlantic's automated pay phone collection operations.
 Vertex Industries, organized in 1974, manufactures complete data collection systems which include bar code scanners, portable and fixed data collection terminals, optical readers, label generators, transaction processors, multiplexers and data collection software, used mainly in factories, warehouses, offices, hospitals and transportation. In addition to bar code products, Vertex is a major supplier of magnetic stripe technology.
 VERTEX INDUSTRIES, INC. AND SUBSIDIARIES
 Consolidated Statements of Operations
 Year ended July 31 1991 1990
 Net sales $3,502,653 $3,508,471
 Cost of sales 2,222,032 2,216,185
 Gross profit 1,280,621 1,292,286
 Operating loss (184,988) (163,673)
 Other income and expenses (82,501) (107,076)
 Minority interest in subsidiaries -- 1,300
 Net loss $ (267,489) $ (269,449)
 Net loss per share $(.14) $(.15)
 Weighted average number
 of shares outstanding 1,896,033 1,781,585
 -0- 11/20/91
 /CONTACT: James Q. Maloy, chairman and president of Vertex, 201-777-3500/
 (VETX) CO: Vertex Industries, Inc. ST: New Jersey IN: SU: ERN


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Publication:PR Newswire
Date:Nov 20, 1991
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