Prab Reports Second Quarter Results

    KALAMAZOO, Mich.--June 12, 2002--PRAB, Inc. (OTC:PRAB) reports second quarter sales of $3,548,000 and a net income of $92,000 for the period ended April 30, 2002.
    These results compare with sales of $3,111,000 and a net loss of $50,000 in the same period a year ago. Six month sales of $5,897,000 and net profits of $97,000 for the current year compares with sales of $6,795,000 and net profits of $10,000 for the same period a year ago.
    The order backlog of $3,096,000 at the end of the second quarter ended April 30, 2002 compares with $3,441,000 at the end of the previous quarter ended January 31, 2002 and $4,186,000 at the end of the second quarter a year ago.
    Prab, Inc., operating under two divisions, Prab Conveyors and Hapman Conveyors, designs and manufactures conveyors, metal scrap reclamation systems, and bulk material handling equipment and systems for a wide variety of industrial markets throughout the world.

                              PRAB, INC.
                     Summary of Financial Results
            (in thousands of dollars except per share data)


                   Second Quarter Ended      Six Months Ended
                         April 30,              April 30,
                      2002        2001      2002         2001
                      ----        ----      ----         ----
Sales               $ 3,548    $ 3,111     $ 5,897    $ 6,795
Net Income (loss)        92        (50)         97         10
Per Share           $  0.05    $ (0.03)    $   .05    $   .01