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BEI HOLDINGS REPORTS THIRD QUARTER OPERATING RESULTS

 BEI HOLDINGS REPORTS THIRD QUARTER OPERATING RESULTS
 ATLANTA, Oct. 22 /PRNewswire/ -- BEI Holdings, Ltd. (NASDAQ: BEIH) today reported results for the third quarter and the first nine months of fiscal year 1992 ended Sept. 30.
 Net income for the quarter was $1,265,000, or $.12 per share, compared to $694,000, or $.07 per share, in the third quarter of the prior year. Revenues for the period totaled $11,496,000 compared to $9,678,000 for the third quarter of 1991.
 For the first nine months of fiscal 1992, net income was $3,984,000, or $.39 per share on revenues of $34,769,000. This compares to net income of $2,699,000, or $.27 per share, on revenues of $30,007,000 in 1991.
 BEI reported that during the third quarter several significant longer term contracts were entered into by each of the company's operating divisions including both BEI Golembe, its bank consulting unit, and EnterChange, its outplacement and change management subsidiary. Additionally, as previously announced, BEI Real Estate Services was awarded the management of $1.3 billion of assets from the Resolution Trust Corporation in addition to being named as the asset management partner for a large real estate investment partnership.
 Gerald E. Eickhoff, president and chief executive officer of BEI, said: "All of these activities are quite exciting to us in that BEI is playing a larger and larger role as corporate America restructures. We look forward to the fourth quarter as we continue to position ourselves to assist our clients with the changes they will experience in the 1990s."
 BEI Holdings, Ltd. is a diversified consulting firm providing services internationally to the financial industry with offices throughout the United States and in London.
 BEI HOLDINGS, LTD. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited)
 ? Quarter Ended
 9/30/92 9/30/91
 Consulting and management services revs. $11,495,658 $ 9,678,456
 Costs and expenses
 Costs of consulting operations 9,586,095 8,810,532
 Selling, general and administrative 913,648 543,544
 Interest expense 26,392 31,613
 Other income, net (314,932) (527,465)
 Total costs and expenses 10,211,203 8,858,224
 Income from continuing operations
 before income taxes 1,284,455 820,232
 Provision for income taxes 19,000 (12,415)
 Income from continuing operations 1,265,455 832,647
 Loss from discontinued operations -
 real estate development --- (138,171)
 Net income $ 1,265,455 $ 694,476
 Net income per share:
 Income from continuing operations $ .12 $ .08
 Loss from discont. operations --- (.01)
 Net income per share $ .12 $ .07
 Nine months ended
 9/30/92 9/30/91
 Consulting and management services revs. $34,769,426 $30,006,897
 Costs and expenses
 Costs of consulting operations 29,146,292 25,614,396
 Selling, general and administrative 2,715,674 2,225,298
 Interest expense 100,063 134,294
 Other income, net (1,222,681) (1,122,223)
 Total costs and expenses 30,739,348 26,851,765
 Income from continuing operations
 before income taxes 4,030,078 3,155,132
 Provision for income taxes 46,500 142,883
 Income from continuing operations 3,983,578 3,012,249
 Loss from discontinued operations -
 real estate development --- (312,861)
 Net income $ 3,983,578 $ 2,699,388
 Net income per share:
 Income from continuing operations $ .39 $ .30
 Loss from discont. operations --- (.03)
 Net income per share $ .39 $ .27
 -0- 10/22/92
 /CONTACT: Charles C. Ray Jr., chief financial officer of BEI Holdings, 404-315-6060/
 (BEIH) CO: BEI Holdings, Ltd. ST: Georgia IN: FIN SU: ERN


BR-BN -- AT007 -- 3535 10/22/92 11:41 EDT
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Date:Oct 22, 1992
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