The following table sets forth the Company's financial results for the six
month period ending June 30, 1998 and 1997.
<TABLE>
Unaudited Consolidated Statement of Income
<CAPTION>
CONSOLIDATED STATEMENT OF INCOME
Three Months ending June 30 Six Months ending June 30
<S> <C> <C> <C> <C>
1998 1997 1998 1997
Total Revenue $326,730 380,202 $672,571 $1,056,790
Cost of Goods 187,167 293,102 443,205 733,388
Gross Profit 139,563 87,100 229,366 323,402
S,G,&A Expense 142,982 126,837 309,481 282,430
Operating Income(Loss) (3,419) (39,737) (80,115) 40,972
Other Income (Expense) 4,640 20,250 4,640 48,035
Interest Expense 12,383 12,916 24,462 27,678
Net Income (Loss) (11,162) (32,403) $99,937) $61,329
Shares Outstanding 22,606,381 22,217,981 22,606,381 22,217,981
Earnings Per Share nil (.001) (.004) .003
</TABLE>
Sales in all three product lines - shelters, targets, and trailer systems -
were lower in 1998 primarily due to competition. Operating costs were
increased due to the company's relocation to a new facility.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TVI CORPORATION
/s/ Allen E. Bender
Allen E. Bender, President
October 27, 1998
