Northport Industries Inc. Reports Revenue Up 29%And Profits Up 49%

22 April 1999

Northport Industries Inc. Reports Revenue Up 29 Percent And Profits Up 49 Percent

DEL RIO, Texas--April 22, 1999--Northport Industries Inc. (OTC BB:PESO) announced today results for the first quarter ended March 31, 1999. Revenues increased 29% to $1,279,953 compared to $990,739 for the first quarter of 1998.
As a result of increased revenues, income for the current quarter increased 49% to $124,750 compared to $83,706 for the first quarter of 1998.



                              1997        1998       1999(Unaudited)
                              ----        ----       ---------------
     REVENUES
SALES
     Sales of products        $ 278,510   $990,739   $1,279,953
     License fee revenue             --         --           --   
                              ---------   --------   ----------     
          Total Revenue       $ 278,510   $990,739   $1,279,953

Cost of Sales                 $ 281,706   $782,860   $1,034,277
                              ---------   --------   ----------
          Gross Margin        
           (deficit)          $  (3,196)  $207,879   $  245,676
                              ---------   --------   ----------     

OPERATING EXPENSES            
     Selling                  $   7,780   $ 13,337   $   14,395
     General and 
      administrative          $ 148,282   $108,097   $  100,689            
     Depreciation             $  (8,286)  $  3,539   $    5,092 
     Interest                 $   9,152   $   (800)  $      750
     Bad debts                $   1,534         --           --
                              ---------   --------   ----------
          Total operating 
           expenses           $ 158,462   $124,173   $  120,926
                              ---------   --------   ----------
          Net Income (loss)   
           before Taxes       $(161,658) $ 83,706   $  124,750

Income Taxes
                              ---------  --------   ----------
     NET INCOME (LOSS)        $(161,658) $83,706    $  124,750
                              ---------  --------   ----------
                              ---------  --------   ----------

SHAREHOLDERS' EQUITY
     
     PROFIT (LOSS) 
       Fully diluted             (.032)      .016         .023


     The Company met planned operating results for the first three
months ended March 31, 1999, and is confident of achieving 1999
planned operating results, which show improved revenue and sales
throughout 1999. Sales backlog is at an all-time high and the Company
has added five new customers since the second quarter of 1997.
     Except for historical information contained herein, certain
matters set forth in this press release are forward-looking statements
that are subject to risks and uncertainties, including government
regulation and taxation, spending, competition, general economic
conditions and other risk factors.

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