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WTC INDUSTRIES REPORTS SECOND QUARTER RESULTS

 WTC INDUSTRIES REPORTS SECOND QUARTER RESULTS
 MINNEAPOLIS, Aug. 14 /PRNewswire/ -- WTC Industries, Inc.


(NASDAQ: WTCO) announced today the results of operations for the second quarter ended June 30, 1992. Net sales for the second quarter were $372,650 in 1992 compared to $481,951 reported for the second quarter last year. The company reported a second quarter net loss of $232,142, or $0.12 per share, this year compared to a net loss of $1,845, or $0.00 per share, one year ago.
 The decrease in second quarter net sales this year compared to last year was due in large part to a substantial decline in sales to one major distributor during the second quarter. Additionally, net sales were negatively impacted because initial orders from new distributors have taken longer than previously anticipated.
 The net loss during the second quarter this year as compared to last year was again affected by the additional expenses of employee hiring in all areas, increased legal fees associated with public company compliance, and the company's focus on marketing.
 WTC Industries, Inc. (formerly Water Technologies Corporation) holds the exclusive rights to manufacture and market the patented PentaPure(TM) resin worldwide. The company supplies water purification devices for consumer, industrial, and OEM applications.
 CONDENSED CONSOLIDATED BALANCE SHEETS
 6/30/92 12/31/91
 (Unaudited)
 ASSETS
 CURRENT ASSETS
 Cash and cash equivalents $1,778,613 $2,523,664
 Accounts receivable, net of
 allowance for doubtful
 accounts of $80,000 at June
 30 and $100,000 at December 31 106,603 122,657
 Accounts receivable - related
 parties 182,212 150,807
 Accounts receivable - other 8,000 49,576
 Inventories 345,847 221,097
 Prepaid expenses 157,138 52,728
 TOTAL CURRENT ASSETS 2,578,413 3,120,529
 PROPERTY AND EQUIPMENT 217,358 151,946
 Less accumulated depreciation 68,101 51,086
 -- 149,257 100,860
 OTHER ASSETS 48,034 45,336
 -- $2,775,704 $3,266,725
 LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
 Current maturities of
 long-term debt $ 13,345 $ 12,706
 Accounts payable 218,369 67,492
 Accounts payable - related party 1,360 4,039
 Accrued expenses 121,483 153,981
 TOTAL CURRENT LIABILITIES 354,557 238,218
 LONG-TERM DEBT, net of
 current maturities 25,384 32,221
 STOCKHOLDERS' EQUITY
 Preferred stock 752,800 752,800
 Common stock 16,451 16,411
 Additional paid-in capital 3,969,530 3,955,970
 Director's options earned 10,000 5,000
 Accumulated deficit (2,353,018) (1,733,895)
 -- 2,395,763 2,996,286
 -- $2,775,704 $3,266,725
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended
 6/30/92 6/30/91
 NET SALES $ 372,650 $ 481,951
 COST OF GOODS SOLD 233,052 243,436
 GROSS PROFIT 139,598 238,515
 EXPENSES
 Research and development 13,698 8,916
 Selling, general, and
 administrative 374,109 212,949
 -- 387,807 221,865
 INCOME (LOSS) FROM OPERATIONS (248,209) 16,650
 OTHER INCOME (EXPENSE) 17,224 ( 18,492)
 LOSS BEFORE INCOME TAXES (230,985) ( 1,842)
 INCOME TAXES ( 1,157) 0
 NET LOSS $ (232,142) $ ( 1,842)
 NET LOSS PER COMMON SHARE $ (0.12) $ 0.00
 WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING 2,137,824 1,236,562
 Six Months Ended
 6/30/92 6/30/91
 NET SALES $ 577,252 $ 785,892
 COST OF GOODS SOLD 389,114 437,626
 GROSS PROFIT 188,138 348,266
 EXPENSES
 Research and development 31,315 17,747
 Selling, general, and
 administrative 785,483 383,045
 -- 816,798 400,792
 LOSS FROM OPERATIONS (628,660) (52,526)
 OTHER INCOME (EXPENSE) 44,571 (40,930)
 LOSS BEFORE INCOME TAXES (584,089) (93,456)
 INCOME TAXES ( 1,157) 0
 NET LOSS $ (585,246) $ (93,456)
 NET LOSS PER COMMON SHARE $ (0.29) $ (0.06)
 WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING 2,163,226 1,236,562
 -0- 8/14/92
 /CONTACT: Sheldon A. Vermes or Fred R. LeGrand, both of WTC Industries, 612-473-1625; or Tom de Petra of DE PETRA & ASSOCIATES, INC., 612-338-7630, for WTC Industries/
 (WTCO) CO: WTC Industries, Inc. ST: Minnesota IN: SU: ERN


KH -- MN004 -- 9948 08/14/92 10:50 EDT
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Date:Aug 14, 1992
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