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VALLEY EARNINGS

Truvel Reports $700,000 Loss in Its 2nd Quarter

July 26, 1988

Truvel Corp., a Chatsworth company that recently began selling computerized scanning machines, said its second-quarter sales soared to $1.01 million from $94,000 a year earlier.

However, start-up costs related to the product's introduction left Truvel with a $700,000 loss for the quarter that ended July 2, against a $273,000 loss a year ago. Still, Truvel is "expecting to end the year profitably," James Mowry, vice president of finance and administration, said in a statement.

Truvel's scanners take electronic pictures of documents and other objects, then store the images in a computer, where they can be altered and reproduced quickly.

Separately, Truvel said Robert D. Chisum was elected president and chief operating officer of the company. Chisum formerly was Truvel's executive vice president for sales and marketing.

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