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WATER TECHNOLOGIES CORPORATION ANNOUNCES FIRST QUARTER RESULTS

 WATER TECHNOLOGIES CORPORATION ANNOUNCES FIRST QUARTER RESULTS
 MINNEAPOLIS, May 14 /PRNewswire/ -- Water Technologies Corporation (NASDAQ: WTCO), doing business as WTC Industries, Inc., announced today first quarter operating results. Net sales for the three months ended March 31, 1992 were $204,602 compared to $303,941 last year.
 The company reported a net loss of $353,104, or $.16 per share, compared to a net loss of $91,614, or $.06 per share, one year ago.
 Management noted that the decrease in net sales primarily resulted from a one time, initial stocking-order from a distributor in the first quarter of 1991. No such stocking-order was received during the first quarter this year. The first quarter net loss was primarily due to three factors: additional marketing expense, product development expense and decreased gross profit margins associated with lower net sales.
 Sheldon Vermes, Chairman and CEO, stated, "During the first quarter, we continued to build the operating foundation for WTC's future. We more aggressively positioned our PentaPure(TM) resin as an advanced water purification technology and WTC as a leading manufacturer." He continued, "We also expanded our sales network and continued to educate the water industry on the benefits of PentaPure resin as an enhancement to WTC's products and other companies' water treatment methods."
 WTC holds the exclusive commercial rights to manufacture and market the patented PentaPure resin worldwide. The company supplies water purification devices for consumer, industrial, and OEM applications.
 WATER TECHNOLOGIES, INC.
 Three Months Ended March 31,
 1992 1991
 NET SALES $204,602 $303,941
 COST OF GOODS SOLD 156,062 194,190
 GROSS PROFIT 48,540 109,751
 EXPENSES
 Research & development 17,617 8,831
 Selling, general, and
 administrative 411,374 170,096
 -- 428,991 178,927
 LOSS FROM OPERATIONS (380,451) (69,176)
 OTHER INCOME (EXPENSE)
 Interest income 21,945 0
 Other income 6,486 21
 Interest expense (1,084) (22,459)
 -- 27,347 (22,438)
 NET LOSS $(353,104) $(91,614)
 NET LOSS PER COMMON SHARE
 Primary $(.16) $(.06)
 Fully diluted $(.16) $(.06)
 WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING
 Primary 2,195,930 1,236,562
 Fully diluted 2,346,490 1,310,910
 -0- 5/14/92
 /CONTACT: Sheldon A. Vermes, or Fred R. LeGrand, 612-473-1625, both of Water Technologies; or Tom de Petra of de Petra & Associates, 612-338-7630, for Water Technologies/
 (WTCO) CO: Water Technologies Corporation ST: Minnesota IN: SU: ERN


AL -- MN009 -- 0111 05/14/92 10:22 EDT
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Date:May 14, 1992
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