___________________________________________________________ I E I INTERNATIONAL ELECTRONICS, INC. NEWS RELEASE ______________________________________________________ FOR IMMEDIATE RELEASE Contact: John Waldstein (617) 821-5566 - --------------------- Diane Balcom (412) 781-1314 INTERNATIONAL ELECTRONICS, INC. REPORTS EARNINGS FOR FIRST QUARTER OF FISCAL 1996 Canton, MA, January 5, 1996--- International Electronics, Inc. (NASDAQ: IEIB) today reported operating results for the fiscal 1996 first quarter ended November 30, 1995. Net sales increased to $1,945,323 for the first quarter of fiscal 1996, a gain of 22% compared to the $1,595,281 reported for the first quarter of the prior year. Operating income for the three months ended November 30, 1995 was $44,347, compared to an operating income of $1,246 for the comparable period of the prior year. Net income was $30,269 or $.02 per share for the three months ended November 30, 1995, compared to a $11,957 or $.01 per share in the previous year. IEI president, John Waldstein, commented, "In our first quarter of fiscal 1996, we are pleased to report record sales representing a 22% increase over the comparable quarter from last year. We continue to show growth in our keypad and access control product lines as well as our OEM and global business. Our marketing efforts are aimed at supporting our leadership position in the keypad and small systems access control markets. I am also encouraged that the target markets we are in with our core products are growing and present world wide opportunities." IEI designs, manufactures, and markets electronic security equipment used in residential, industrial, and commercial security systems. The Company's product lines include its Door-Gard/TM/ keypad and access control products, glassbreak sensors, VoiceKey/TM/ products and its PowerKey/TM/ line of industrial controls. The Company markets to the leading distribution and installation companies serving the electronic security industry in the U.S as well as in Europe, Eastern Europe, South America, Canada, Australia and Asia. -more- Premium Quality Security Products for a Profitable Day's Work/TM/ INTERNATIONAL ELECTRONICS, INC. . 427 TURNPIKE STREET . CANTON, MASSACHUSETTS 02021 _____________ I E I RELEASE IEI, Page 2 _____________ INTERNATIONAL ELECTRONICS, INC. COMPARATIVE ANALYSIS (UNAUDITED) THREE MONTHS ENDED ------------------------------------ NOVEMBER 30, 1995 NOVEMBER 30, 1994 ----------------- ----------------- Net sales $1,945,323 $1,595,281 Income from operations 44,347 1,246 Net income 30,269 11,957 Net income per common share $ .02 $ .01 Weighted average number of shares outstanding 1,407,669 1,423,669 #### Premium Quality Security Products for a Profitable Day's Work/TM/ INTERNATIONAL ELECTRONICS, INC. . 427 TURNPIKE STREET . CANTON, MASSACHUSETTS 02021