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VERTEX INDUSTRIES REPORTS PROFIT AND INCREASED REVENUES IN SECOND QUARTER ENDED JAN. 31, 1992

 VERTEX INDUSTRIES REPORTS PROFIT AND INCREASED REVENUES
 IN SECOND QUARTER ENDED JAN. 31, 1992
 CLIFTON, N.J., March 20 /PRNewswire/ -- Vertex Industries, Inc. (NASDAQ: VETX) reported the results of the second quarter ended Jan. 31, 1992. Revenues increased 23 percent and the company achieved net income versus a loss in the second quarter of the prior year. James Q. Maloy, chairman and president, said, "The elimination of our CTSI subsidiary's bank debt and continued profitable operations have improved our balance sheet considerably. We are seeing increased interest in our school Access Control/Attendance System as school security has gained national attention with the recent New York City high school shootings."
 Revenues for the second quarter ended Jan. 31, 1992 were $1,018,760 compared with $828,147 in the second quarter of fiscal 1991. Net income was $131,612, or $0.07 per share, compared with a loss of $71,437, or $0.04 per share in the prior year.
 For the six months, revenues were $2,058,125 in 1992 compared with $1,645,433 in 1991. Net income for the current period was $168,263, or $0.09 per share, compared with a loss of $192,999, or $0.10 per share, in the six months of fiscal 1991.
 Net income in both periods of fiscal 1992 includes a tax benefit from carryforward of net operating loss of $37,771, or $0.02 per share.
 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 Income
 (Unaudited)
 Three months ended Jan. 31 1992 1991
 Net sales $1,018,760 $ 828,147
 Cost of sales 587,238 516,439
 Gross profit 431,522 311,708
 Operating income (loss) 131,229 (53,777)
 Other income and (expenses) 864 (17,660)
 Income (loss) before extraord. item 93,841 (71,437)
 Extraordinary item - tax benefit
 from loss carryforward 37,771 --
 Net income (loss) 131,612 (71,437)
 Net income (loss) per share:
 Before extraordinary item .05 (.04)
 Extraordinary item .02 --
 Net income (loss) .07 (.04)
 Weighted average number of shares 1,924,936 1,895,165
 Six months ended Jan. 31 1992 1991
 Net sales $2,058,125 $1,645,433
 Cost of sales 1,176,591 1,083,579
 Gross profit 881,534 561,854
 Operating income (loss) 166,990 (153,273)
 Other income and (expenses) 1,754 (39,726)
 Income (loss) before extraord. item 130,492 (192,999)
 Extraordinary item - tax benefit
 from loss carryforward 37,771 --
 Net income (loss) 168,263 (192,999)
 Net income (loss) per share:
 Before extraordinary item .07 (.10)
 Extraordinary item .02 --
 Net income (loss) .09 (.10)
 Weighted average number of shares 1,912,654 1,895,164
 -0- 3/20/92
 /CONTACT: James Q. Maloy, chairman & president of Vertex Industries, 201-777-3500/
 (VETX) CO: Vertex Industries, Inc. ST: New Jersey IN: SU: ERN


AH-OS -- NY043 -- 0128 03/20/92 13:05 EST
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Date:Mar 20, 1992
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