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FISHER BUSINESS SYSTEMS, INC. ANNOUNCES THIRD QUARTER RESULTS

 FISHER BUSINESS SYSTEMS, INC. ANNOUNCES THIRD QUARTER RESULTS
 ATLANTA, Dec. 13 /PRNewswire/ -- Fisher Business Systems, Inc. (NASDAQ: FBUS), dba Fisher Restaurant Systems, announced its financial results for the third quarter and nine months ended Oct. 31.
 Revenues for the quarter were $1,028,780 as compared to $2,360,101 for the same period last year. The loss for the quarter was $617,047 or $.12 per share as compared to a profit of $26,131 or $.01 per share for the third quarter of last year. Revenues for the nine-month period ending Oct. 31 were $4,170,095 as compared to $7,642,895 for the same period last year, and the loss for the nine- month period was $1,440,368 or $.29 per share, as compared to a profit of $180,276 or $.04 per share for the same period last year.
 Larry Fisher, president of the company, said: "The results for last quarter reflect the previously announced temporary suspension of the rollout of our system at Denny's, Inc. As we recently announced, the rollout will resume during the fourth quarter and Denny's has signed an agreement to purchase an additional 410 systems commencing in the fourth quarter and continuing throughout calendar 1992. The value of this contract is estimated to be approximately $5.96 million.
 "Our anticipated sales increases during the third quarter occurred as forecasted, and the fourth quarter will show additional improvement. The company's loss for the third quarter was less than for the second quarter and the loss we anticipate for the fourth quarter will be significantly less than the third quarter loss. We expect to return to profitability during the first quarter of the next fiscal year."
 The company produces and markets computer-based Point of Sale and Restaurant Management Systems which operate on the IBM Personal System/2 family of business computers. These systems are sold primarily to multi-store restaurant operators, hotels, and country clubs. For more information, contact Johnnie Engesser, vice president of Finance and Administration at 404-578-1771, or write Fisher Restaurant Systems, 3939 Roswell Road, Suite 300, Marietta, GA 30062.
 3 mos. ended 9 mos. ended
 10/31/91 10/31/90 10/31/91 10/31/90
 Total revenues $1,028,780 $2,360,101 $4,170,095 $7,642,895
 Net income (loss) (617,047) 26,131 (1,440,368) 180,276
 Net income (loss)
 per share (.12) .01 (.29) .04
 -0- 12/13/91
 /CONTACT: Johnnie Engesser, vice president of Finance and Administration of Fisher Business Systems, 404-578-1771/
 (FBUS) CO: Fisher Business Systems, Inc. ST: Georgia IN: CPR SU: ERN


BR-BN -- AT004 -- 2304 12/13/91 10:35 EST
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Publication:PR Newswire
Date:Dec 13, 1991
Words:442
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