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Third Quarter 1996 Consolidated Statements of Income

                          Consolidated Statements of Income
                         (000's except for per share amounts)
                                    (Unaudited)
                                                    
                                    Three Months          Nine Months
                                    Ending                Ending
                                    -----------------     ----------------  
                                    9/30/96   9/30/95     9/30/96  9/30/95
    -------------------------------------------------     ----------------
    Net sales                      $ 20,002  $ 23,531   $ 74,378  $ 60,992 
    Cost of goods sold               16,124    17,494     58,976    45,825 
    ----------------------------------------------------------------------  
          Gross profit                3,878     6,037     15,402    15,167 
                                                                            
    Operating expenses:
    
          Selling                     2,199     2,442      6,856     6,180 
          General and administrative    924       738      2,621     1,776 
          Research and development      715       447      1,945     1,233 
    -------------------------------------------------     ----------------
    
          Total operating expenses    3,838     3,627     11,422     9,189 
    ----------------------------------------------------------------------
          Operating profit               40     2,410      3,980     5,978 
                                                                            
    Net interest income                 144        32        128        82 
    -------------------------------------------------     ----------------
          Income before taxes           184     2,442      4,108     6,060 
                                                                            
    Income tax expense (benefit)        (69)      900      1,385     2,315
    -------------------------------------------------     ----------------
          Net income               $    253  $  1,542    $ 2,723   $ 3,745 
    -------------------------------------------------     ----------------
    
                                                                            
    Earnings per share:
    
          Primary                  $   0.03  $   0.25    $  0.38   $  0.62 
    -------------------------------------------------     ----------------
          Fully diluted            $   0.03  $   0.25    $  0.38   $  0.61 
    -------------------------------------------------     ----------------
    
    Average number of shares outstanding:
          Primary                     7,482     6,209      7,096     6,034 
    -------------------------------------------------     ----------------  
          Fully diluted               7,510     6,238      7,096     6,186 
    -------------------------------------------------     ----------------

 

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