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CHEMFIX TECHNOLOGIES, INC. POSTS FIRST QUARTER RESULTS

 METAIRIE, La., Jan. 13 /PRNewswire/ -- Chemfix Technologies, Inc. (CTI) (NASDAQ: CFIX) today reported a net loss for the first quarter of fiscal year 1993, ended Nov. 30, 1992, of $696,000, or 9 cents per share, on revenues of $3.7 million.
 In the prior year's first quarter, the company lost $125,000, or 2 cents per share, on revenues of $4.7 million.
 Chairman and Chief Executive Officer Daniel N. Silverman III explained that the decline in revenues and concurrent loss were primarily due to the postponement of a $1 million remediation project that had been scheduled to begin in the first quarter for the company's Arvin, Calif., facility, and the delay in the completion of a mobile service project, already 70 percent completed, which had been expected to add $1.3 million in the first quarter. Both projects commenced operations in the second quarter.
 Silverman went on to add that while the second quarter's revenues appeared at this time to be stronger than first quarter's, the company did not expect to see a major improvement until the third quarter. He stated: "The company is in line to secure some significant contracts in the coming months, which should get us on track for the fiscal year. Last year's trend of a weak first half followed by a strong second half is likely."
 Silverman also noted that it had reduced its overhead by $800,000 (annualized) over the last 30 days in response to the weakness in revenues. He added, "We are determined to get our costs in line with revenues and eliminate these large quarterly swings."
 Chemfix Technologies, Inc. is an environmental services company that provides analysis, treatment and recycling of hazardous and special waste materials for industry and government.
 -0- 1/13/93
 /CONTACT: Gloria J. Newbern of Chemfix Technologies, 504-831-3600/
 (CFIX)


CO: Chemfix Technologies, Inc. ST: Louisiana IN: CHM SU: ERN

BN-TG -- AT008 -- 4461 01/13/93 13:42 EST
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Date:Jan 13, 1993
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