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Orange County Earnings

May 20, 1999

Aviation Distributors Inc.: The Lake Forest aircraft parts redistributor and provider of inventory management services for commercial airlines recorded a net loss of $5.8 million, or $1.85 a share, for 1998, which included expenses related to settling class-action litigation against the company. Net income for the previous year totaled $404,492, or 14 cents a share. Revenue dropped 27% to $28.4 million from $39 million. The company said the decline in revenue resulted from reduced access to credit while the company was restructuring.

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