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ALC COMMUNICATIONS ANNOUNCES 1991 PROFITS

 ALC COMMUNICATIONS ANNOUNCES 1991 PROFITS
 BINGHAM FARMS, Mich., Feb. 4 /PRNewswire/ -- ALC Communications


Corporation (AMEX: ALC) today announced net income for 1991 of $5.3 million on revenue of $346.9 million. Compared to 1990, this represents net income improvement of $25.0 million on revenue growth of $20.9 million. Operating income was $23.9 million versus an operating loss of $2.8 million for 1990. Continued emphasis on development of the company's sales force, introduction of innovative products and services and cost-containment programs were among the major contributors to the company's successful performance during 1991.
 ALC experienced annual growth in long-distance traffic, from 1990 to 1991, of 7.1 percent, despite the sluggish economy. The company continues to focus on its target market of small and medium-sized businesses while controlling and streamlining its internal operations. The company's efforts in these areas should allow continued profitable performance.
 For the fourth quarter ended Dec. 31, 1991, the company recorded net income of $618,000 on revenue of $86.3 million, compared to a loss of $3.6 million on revenue of $81.2 million for the quarter ended Dec. 31, 1990. The fourth quarter is traditionally the weakest seasonal quarter for ALC because its long-distance traffic, which is primarily commercial traffic, is lower during the November and December holiday periods.
 During the latter part of 1991, Allnet began providing long-distance service to cellular phones throughout the Ameritech area. By the end of 1992, such service will be provided on a nationwide basis.
 ALC Communications Corporation common stock is traded on the American Stock Exchange under the symbol ALC. Allnet, the wholly owned operating subsidiary of ALC, provides long-distance products and services to more than 275,000 customers nationwide. The company is headquartered in Bingham Farms and employs more than 1,500 people nationwide.
 ALC COMMUNICATIONS CORPORATION
 Summary of Financial Results
 (in thousands except for per-share amounts)
 3 months ended Year ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Net revenue $86,250 $81,184 $346,873 $326,004
 Operating income
 (loss) $5,052 $1,550 $23,850 ($2,753)
 Net income (loss) $618 ($3,615) $5,347 ($19,643)
 Net loss per
 share (a) ($0.05) ($0.29) ($0.02) ($2.29)
 Weighted avg. common
 and common equivalent
 shares (b) 17,221 17,141 17,216 11,074
 (a) -- Includes impact relating to accretion of discount on ALC Class A Preferred Stock, dividends on ALC Class A Preferred Stock accrued but not declared and accretion of payment to certain holders of ALC Class A Preferred Stock under the amendment agreement.
 (b) -- Adjusted for the impact of the 1-for-5 reverse stock split effective in September 1991. Includes the conversion of 14,324,000 shares of Class D Preferred Stock into common shares upon issuance in June 1990. Shares were actually converted during the fourth quarter of 1990.
 -0- 2/4/92
 /CONTACT: David Thomas of ALC Communications, 313-433-4935/
 (ALC) CO: ALC Communications Corporation ST: Michigan IN: TLS SU: ERN


DH -- DE002 -- 6512 02/04/92 08:43 EST
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Publication:PR Newswire
Date:Feb 4, 1992
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