Third-Quarter Ongoing Earnings Climb 55% to Record $2.5 Million From $1.6 Million Year Earlier; Nine-Months Ongoing Earnings Jump to $6.5 Million, Or Record $1.38, From $4.0 Million, or 76 Cents, Year Earlier

For First Six Months, Ongoing Diluted EPS Climbed to Record 84 Cents From 43 Cents Year Ago; Ongoing Sales in First Half Rose to $56.1 Million from $53.7 Million

In the First Quarter of Fiscal 2002, Ongoing Net Income Jumped 52%

Flow Controls Division Sales Far Outpace Year Ago Despite Depressed Market; Engineered Films Division Sales Rise with Industry Oil Exploration Efforts

Ongoing Earnings for Full Year Totals $5.9 Million; Ongoing EPS for Year is Record High $1.71 vs. Year-Ago $1.27 with 926,000 Fewer Shares Outstanding; Total Fiscal-Year EPS $1.86 vs. $1.55 Previous Year