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PerfectData Reports $101,000 Quarterly Loss

November 24, 1998

PerfectData Corp. in Simi Valley reported a loss of $101,000 or 3 cents per share for the second quarter that ended Sept. 30, compared with a loss of $157,000 or 5 cents per share a year earlier.

During the quarter, the company reorganized its sales and marketing structure and appointed a new director for those departments to seek ways to broaden product lines and expand distribution.

PerfectData's management has been involved in continuing discussions with other entities involving joint ventures, alliances and merger possibilities.

In August, the company announced that it was part of a joint venture to acquire a stake in El Guapo Spices. El Guapo is a Latin food and spice company that had $9 million in revenues for the year that ended June 30.

PerfectData designs and markets computer, office care and maintenance products, and accessories.

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