EPOLIN, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
SIX MONTHS ENDED AUGUST 31, 2009 AND 2008
2009 2008
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SALES $ 1,434,747 1,764,471
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COST OF SALES AND EXPENSES:
Cost of sales 606,193 766,507
Selling, general and administrative 552,256 624,065
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Total 1,158,449 1,390,572
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OPERATING INCOME 276,298 373,899
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OTHER INCOME:
Rental income 4,500 9,000
Interest 14,624 31,009
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Total 19,124 40,009
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INCOME BEFORE TAXES 295,422 413,908
INCOME TAXES 108,076 158,069
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NET INCOME $ 187,346 255,839
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PER SHARE DATA:
Basic earnings per common share $ 0.02 0.02
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Fully diluted earnings per common share $ 0.02 0.02
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Weighted average number of common shares
outstanding 12,066,355 11,966,355
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Fully diluted number of common shares
outstanding 12,069,235 12,006,791
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EPOLIN, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
THREE MONTHS ENDED AUGUST 31, 2009 AND 2008
2009 2008
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SALES $ 708,578 851,680
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COST OF SALES AND EXPENSES:
Cost of sales 350,538 376,445
Selling, general and administrative 293,191 330,418
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Total 643,729 706,863
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OPERATING INCOME
64,849 144,817
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OTHER INCOME:
Rental income - 4,500
Interest 6,757 18,504
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Total 6,757 23,004
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INCOME BEFORE TAXES 71,606 167,821
INCOME TAXES 24,126 61,134
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NET INCOME $ 47,480 106,687
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PER SHARE DATA:
Basic earnings per common share $ - 0.01
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Fully diluted earnings per common share $ - 0.01
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Weighted average number of common shares
outstanding 12,066,355 11,966,355
=========== ===========
Fully diluted number of common shares
outstanding 12,069,235 12,006,791
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Contact Information: For more detailed information, please contact: Murray S. Cohen Chairman of the Board James Ivchenko President Greg Amato Chief Executive Officer (973) 465-9495