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DIVERSIFIED HUMAN RESOURCES GROUP REPORTS FIRST QUARTER RESULTS

 DIVERSIFIED HUMAN RESOURCES GROUP REPORTS FIRST QUARTER RESULTS
 DALLAS, May 20 /PRNewswire/ -- Diversified Human Resources Group, Inc. (OTC: HIRE) has reported a first quarter net loss of $252,000 (14 cents per share) compared with a net loss of $520,000 (29 cents per share) on Income from operating divisions of $166,000 (revenues net of cost of services) for the prior year quarter.
 During the first seven months of 1991, the company continued to experience weak demand for its services in its markets and, as a result, the company continued to sustain substantial operational losses. In September 1991, the company closed four separate transactions relating to the sale of its operating divisions, to be effective July 31, 1991. As a result of the company's management selling all of its operating divisions effective July 31, 1991, income from the operating divisions is recognized only for the three month period ended March 31, 1991.
 Prior to these transactions, the company was historically engaged in the permanent and temporary placement of personnel through various agency operations, under multiple trade names, at various separate locations. The company will now focus its efforts on financial investments and management of natural resources.
 DIVERSIFIED HUMAN RESOURCES GROUP, INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited)
 For the three months ended
 March 31,
 1992 1991
 INCOME FROM OPERATING DIVISIONS $ -- $166,096
 GENERAL AND ADMINISTRATIVE EXPENSES (246,582) (642,725)
 OTHER INCOME (EXPENSES):
 Interest expense, net ( 8,190) ( 26,256)
 Other, net 2,924 ( 17,429)
 ( 5,266) ( 43,685)
 LOSS BEFORE INCOME TAXES (251,848) (520,314)
 INCOME TAXES -- --
 NET LOSS $(251,848) $(520,314)
 LOSS PER SHARE $(.14) $(.29)
 WEIGHTED AVERAGE COMMON AND
 COMMON SHARES OUTSTANDING 1,758,211 1,774,735
 -0- 5/20/92
 /CONTACT: M. Ted Dillard, controller of Diversified Human Resources Group, 214-458-8500/
 (HIRE) CO: Diversified Human Resources Group, Inc. ST: Texas IN: SU: ERN


PS -- NY105 -- 2531 05/20/92 17:27 EDT
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Publication:PR Newswire
Date:May 20, 1992
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