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ANALYTICAL SURVEYS REPORTS 50 PERCENT INCREASE IN NET EARNINGS ON RECORD SALES FOR FISCAL 1993

 COLORADO SPRINGS, Colo., Dec. 1 /PRNewswire/ -- Analytical Surveys, Inc. (NASDAQ: ANLT) announced today record earnings of $532,942, or $.20 per share, for the year ended Sept. 30, 1993, compared with net earnings of $356,328, or $.14 per share, for the previous year, an increase of 50 percent. Sales for the year were also a record $9,106,704, compared with sales of $8,441,132 in fiscal 1992.
 Net earnings for the three months ended Sept. 30, 1993, were $145,812, or $.05 per share, compared with net earnings of $192,275, or $.08 per share for the same quarter last year. Sales for the fourth quarter were $1,970,668, compared with sales of $2,242,174 for the same period one year ago. Analytical Surveys was able to realize record sales and earnings for the year even though sales for the fourth quarter of fiscal 1993 were slightly lower primarily due to lengthier-than- anticipated production time on two complex projects.
 Analytical Surveys' President and Chief Executive Officer Sid Corder said, "We are very pleased to continue the trend of strong growth we have established over the past three years. We are convinced that our controlled growth strategies are succeeding. In addition, we have enhanced our ability to accelerate sales with Ray Mann recently named to manage our sales efforts. We are also effectively positioned to improve our production capabilities and state-of-the-art technologies with John Thorpe now concentrating on research and development." Corder continued, "In the months ahead, we will be focusing on increasing sales and converting backlog into revenues." Analytical Surveys reported a sales backlog of $9.1 million at year-end. The company anticipates signing several contracts in the near future which should lead to increased revenues and backlog in fiscal 1994.
 Analytical Surveys, Inc., is a professional services company providing digital mapping and Geographic Information Systems (GIS) database services. The company is an industry leader in innovative technological advances and productivity. Its clients include cities, counties, utility companies and others making use of the emerging technologies related to digital mapping.
 The company's common stock is traded nationally over the counter under the NASDAQ symbol ANLT.
 ANALYTICAL SURVEYS, INC.
 STATEMENT OF OPERATIONS
 Quarter ended Year ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Sales of services $1,970,668 $2,242,174 $9,106,704 $8,441,132
 Costs and expenses:
 Salaries, wages and
 related benefits 999,875 1,052,500 4,099,055 3,876,288
 Subcontractor costs 95,445 314,436 1,356,554 1,418,406
 General and
 administrative 450,297 419,154 1,918,208 1,659,093
 Depreciation and
 amortization 188,594 176,091 749,832 765,672
 -- 1,734,212 1,962,181 8,123,649 7,719,459
 Income from operations 236,456 279,993 983,055 721,673
 Other income (expense):
 Interest income 1,608 635 4,141 6,463
 Interest expense (53,752) (56,088) (204,254) (238,858)
 Gain (loss) on valuation
 of securities -- (5,625) -- (18,000)
 Other -- -- -- 8,050
 -- (52,144) (61,078) (200,113) (242,345)
 Earnings before income
 taxes 184,312 218,915 782,942 479,328
 Provision for income
 tax expense 38,500 26,640 250,000 123,000
 Net earnings $145,812 $192,275 $532,942 $356,328
 Earnings per share $.05 $.08 $.20 $.14
 Weighted average common
 shares outstanding 2,705,995 2,498,888 2,669,684 2,489,490
 -0- 12/1/93
 /CONTACT: Edwin Neuger, 612-333-6621, or (home) 612-929-0945; or David Neuger, 612-333-6621, or (home) 612-699-6730, of Edwin Neuger & Associates, for Analytical Surveys/
 (ANLT)


CO: Analytical Surveys, Inc. ST: Colorado IN: CPR SU: ERN

CP-DB -- MN017 -- 9271 12/01/93 12:20 EST
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Publication:PR Newswire
Date:Dec 1, 1993
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