Chromaline Earnings Rebound on Record Sales

Apr 12, 2001, 01:00 ET from Chromaline Corporation

    DULUTH, Minn., April 12 /PRNewswire/ --
     The Chromaline Corporation (Nasdaq:   CMLH), a Duluth based developer,
 manufacturer and worldwide marketer of photochemical imaging systems announced
 sales and earnings for the first quarter of 2001.
     Sales of $2,858,012 set a first quarter record, posting an 18% increase
 over the same quarter of 2000.  Earnings were $88,402, or $0.07 per diluted
 share, compared to $0.04 per share for the first quarter of 2000.
     Most segments of the company showed robust sales, with the European market
 leading the way.  Sales were also helped by the Nichols chemical line acquired
 by the company in June of 2000 and the distribution of Slee glass and crystal
 products which began earlier this year.
     Bill Ulland, Chromaline's Chairman, President and CEO said, "I am very
 pleased with these results, particularly European sales.  We have worked hard
 to pick up the pieces after the bankruptcy of our European master distributor
 and have succeeded in growing sales while providing better service to our
 customers."
     Chromaline is listed on the Nasdaq SmallCap market trading under the
 symbol CMLH.
 
     This press release contains forward-looking statements regarding sales,
 earnings, and new products that involve risks and uncertainties.  The
 company's actual results could differ materially as a result of domestic and
 global economic conditions, competitive market conditions, acceptance of new
 products, the ability to identify and make suitable acquisitions, as well as
 the factors described in the company's Form 10-KSB on file with the SEC.
 
 
                           The Chromaline Corporation
                              Statements of Income
              For the Three Months Ending March 31, 2001 and 2000
 
 
 
                                                      Three Months Ended
                                                     3/31/01        3/31/00
 
     Sales                                         $2,858,012     $2,414,817
     Costs, expenses, and other income              2,723,110      2,333,083
     Income before income taxes                      $134,902        $81,734
     Federal and state income taxes                    46,500         31,100
     Net income                                       $88,402        $50,634
     Earnings per share diluted*                         $.07           $.04
     Average shares outstanding diluted             1,275,487      1,305,492
 
 
                     Unaudited interim financial statement
 
 

SOURCE Chromaline Corporation
    DULUTH, Minn., April 12 /PRNewswire/ --
     The Chromaline Corporation (Nasdaq:   CMLH), a Duluth based developer,
 manufacturer and worldwide marketer of photochemical imaging systems announced
 sales and earnings for the first quarter of 2001.
     Sales of $2,858,012 set a first quarter record, posting an 18% increase
 over the same quarter of 2000.  Earnings were $88,402, or $0.07 per diluted
 share, compared to $0.04 per share for the first quarter of 2000.
     Most segments of the company showed robust sales, with the European market
 leading the way.  Sales were also helped by the Nichols chemical line acquired
 by the company in June of 2000 and the distribution of Slee glass and crystal
 products which began earlier this year.
     Bill Ulland, Chromaline's Chairman, President and CEO said, "I am very
 pleased with these results, particularly European sales.  We have worked hard
 to pick up the pieces after the bankruptcy of our European master distributor
 and have succeeded in growing sales while providing better service to our
 customers."
     Chromaline is listed on the Nasdaq SmallCap market trading under the
 symbol CMLH.
 
     This press release contains forward-looking statements regarding sales,
 earnings, and new products that involve risks and uncertainties.  The
 company's actual results could differ materially as a result of domestic and
 global economic conditions, competitive market conditions, acceptance of new
 products, the ability to identify and make suitable acquisitions, as well as
 the factors described in the company's Form 10-KSB on file with the SEC.
 
 
                           The Chromaline Corporation
                              Statements of Income
              For the Three Months Ending March 31, 2001 and 2000
 
 
 
                                                      Three Months Ended
                                                     3/31/01        3/31/00
 
     Sales                                         $2,858,012     $2,414,817
     Costs, expenses, and other income              2,723,110      2,333,083
     Income before income taxes                      $134,902        $81,734
     Federal and state income taxes                    46,500         31,100
     Net income                                       $88,402        $50,634
     Earnings per share diluted*                         $.07           $.04
     Average shares outstanding diluted             1,275,487      1,305,492
 
 
                     Unaudited interim financial statement
 
 SOURCE  Chromaline Corporation