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CHECK EXPRESS ANNOUNCES 1992 YEAR-END RESULTS

 TAMPA, Fla., April 1 /PRNewswire/ -- Check Express, Inc. (NASDAQ: CHXS) owner, operator, and franchisor of retail check cashing centers, today announced results for the year ended Dec. 31.
 Total revenues for the year ended Dec. 31, increased 4 percent to $3,927,519 from $3,792,047 in 1991. Net earnings for the year increased to $140,767 ($.054 per share) as compared to $7,950 ($0.003 per share) in 1991.
 Larry Lang, chief executive officer, stated: "The improvement in earnings for 1992 is a result of both an increase in operating income from company-owned stores and decreases in certain corporate expenses. Our franchise program continues to grow with rights to open 97 stores sold at year end, 37 of which were open and operating."
 The company also announced that it had received a Schedule 13D filing on behalf of J.D. Clinton reporting the termination of an option held by Clinton to purchase 504,445 shares of the company's stock owned by a former director and founder of the company.
 Check Express currently operates 58 company and franchised retail money centers which provide check cashing, money orders, money transfers, electronic tax filing, and related services.
 SELECTED FINANCIAL INFORMATION
 Year ended Dec. 31 1992 1991
 Revenues $3,927,519 $3,792,047
 Net income $ 140,767 $ 7,950
 Fully diluted earnings per share $ .054 $ .003
 Fully diluted average number of
 shares outstanding 2,606,493 2,660,003
 -0- 4/1/93
 /CONTACT: Larry F. Lang of Check Express, 813-289-2888/
 (CHXS)


CO: Check Express, Inc. ST: Florida IN: SU: ERN

BR-CF -- AT001 -- 1866 04/01/93 08:58 EST
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Publication:PR Newswire
Date:Apr 1, 1993
Words:270
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