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FISHER BUSINESS SYSTEMS ANNOUNCES: SECOND CONSECUTIVE RECORD QUARTERLY RESULTS, EXPECTS TO REHIRE STAFF

FISHER BUSINESS SYSTEMS ANNOUNCES: SECOND CONSECUTIVE RECORD QUARTERLY
 RESULTS, EXPECTS TO REHIRE STAFF
 ATLANTA, Aug. 14 /PRNewswire/ -- Fisher Business Systems, Inc. (NASDAQ: FBUSC) d/b/a Fisher Restaurant Systems, today announced its financial results for the second quarter ended July 31.
 Revenues for the quarter were $2,552,653, as compared to $620,666 for the same period last year. Profit for the quarter was $161,960 or $.03 per share as compared to a loss of $825,616 for the second quarter last year. Revenues for the six months ended July 31 were $5,851,812, as compared to $3,141,315. Earnings for the period were $345,939, or $.07 per share, as compared to a loss of $823,321 for the same period in the previous year. A $5.6 million contract signed last November with Denny's, Inc. has made a significant contribution to this second consecutive record quarterly profit. The company expects the current Denny's contract to be completed in November 1992, five months ahead of schedule.
 Last month the company reduced its work force by 25 people when the underwriter of the company's initial public offering did not deliver on its commitment to provide $1 million of new funding for Fisher. Since that time, Fisher has raised approximately $150,000 through a private placement of the company's common stock. The company is also negotiating for additional sources of new funding and, as a result, expects to rehire some staff soon.
 Larry Fisher, president of the company, said: "At mid-year, we are ahead of our profit plan. Recently, officers of the company have purchased Fisher stock indicating confidence in our business plan and our chain restaurant strategy. We greatly regret having to reduce staff last month, but we look forward to rehiring and moving forward with the roll out of our next generation product."
 Fisher develops, markets and maintains computer-based Restaurant Management Systems and is a Value Added Distributor of IBM products and maintenance. For more information, contact Johnnie Engesser, vice president of Finance and Administration, at 404-578-1771, or write Fisher Business Systems, 3939 Roswell Road, Suite 300, Marietta, GA 30062.
 FISHER BUSINESS SYSTEMS, INC.
 Three months ended July 31 1992 1991
 Total revenues $2,552,653 $ 620,666
 Net income (loss) 161,960 (825,616)
 Net income (loss) per share .03 (.16)
 Six months ended July 31 1992 1991
 Total revenues $5,851,812 $3,141,315
 Net income (loss) 345,939 (823,321)
 Net income (loss) per share .07 (.16)
 -0- 8/14/92
 /CONTACT: Johnnie Engesser, vice president-Finance and Administration of Fisher Business Systems, 404-578-1771/ CO: Fisher Business Systems, Inc. ST: Georgia IN: SU: ERN


EA-BN -- AT004 -- 9926 08/14/92 10:07 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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