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EUROAMERICAN GROUP, INC. REPORTS RESULTS FOR FISCAL 1993 AND FIRST QUARTER OF FISCAL 1994

 CHICAGO, Nov. 11 /PRNewswire/ -- EuroAmerican Group, Inc. (OTC: EUAME), a real-time securities quotation system, reported a 150 percent increase in net income to $109,768, or $.01 per share, in the first quarter ended Aug. 31, 1993, compared with $43,853 in the first quarter of fiscal 1992. Revenues in the latest first quarter increased 39 percent to $1,367,195 compared with $980,443 in the prior year.
 For fiscal 1993 ended May 31, 1993, revenues were $3,624,685 compared with $3,526,743 in fiscal 1992. Net loss for fiscal 1993 was $510,807, or $.05 per share, compared with a loss of $374,851, or $.05 per share, on fewer shares in fiscal 1992.
 Hubert Schamowski, chairman and chief executive officer, said, "We are pleased to report the substantial increase in revenues and profits in the current first quarter which is due primarily to the first deliveries of our Satquote System to Italy. The balance of this contract, approximately 63 percent of the total $1.2 million, will be completed over fiscal 1994. Increased brokerage fees in Europe, reflecting a growing interest in the U.S. securities markets, also contributed to first quarter gains."
 EuroAmerican Group, Inc., provides a securities quotation system, Satquote, in Europe, the Middle East and North America with real-time quotations for securities traded on more than 40 markets including those in the United States, Canada, the United Kingdom and Europe.
 EUROAMERICAN GROUP, INC.
 Earnings Report
 Year Ended May 31 Quarter Ended Aug. 31
 1993 1992 1993 1992
 Revenues $3,624,685 $3,526,743 $1,367,195 $980,443
 Net income (loss) $ (510,807) $ (374,851) $ 109,768 $ 43,853
 Earnings (loss) per
 share $(.05) $(.05) $.01 --
 Average shares
 outstanding 10,890,000 7,876,667 11,890,000 10,890,000
 -0- 11/11/93
 /CONTACT: Val Snow, manager-U.S. operations of EuroAmerican Group, 312-554-9000/
 (EUAME)


CO: EuroAmerican Group, Inc. ST: Illinois IN: FIN SU: ERN

GK-CK -- NY052 -- 3286 11/11/93 13:56 EST
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Date:Nov 11, 1993
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