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Grayhound Electronics, Inc. (OTC Bulletin Board: GRAY) today announced 1993 revenues rose to $6,700,000 as compared to $5,600,000 in 1992 a 21.3% increase. Net profits rose to $163,400 as compared to a loss of $8,100 in 1992.
According to company chairman Thomas M. Ricci: "1993 has been the year we have all been waiting for and working towards. Despite a flat fourth quarter, Grayhound was able to have a profitable year. I attributed 1993's success to redesigned core products and the development...