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FLORAFAX INTERNATIONAL REPORTS RESULTS

 TULSA, Okla., Jan. 7 /PRNewswire/ -- Florafax International, Inc. (NASDAQ: FIIF) ("Company") reported consolidated net income of $61,000 ($.01 per share) on net revenues of $1,634,000 for the three months ended Nov. 30, 1993 as compared to a consolidated net loss of $700,000 (($.14 per share)) on net revenues of $1,578,000 for the three months ended Nov. 30, 1992.
 Operating income was $152,000 for the three months ended Nov. 30, 1993 compared to an operating loss of $625,000 for the three months ended Nov. 30, 1992.
 Net revenues primarily consist of floral and credit card transactions, credit card equipment leases, and advertising and membership dues and fees received from the Company's florist members net of payments made to members for the fulfillment of floral wire service orders.
 Florafax is headquartered in Tulsa and provides a nationwide wire service and related services to its member florists as well as full service credit card processing for thousands of U.S. businesses and professionals. Its common stock is traded over-the-counter on the NASD symbol "FIIF."
 -0- 1/7/94
 /CONTACT: Ronald W. Fore of Florafax International, 918-624-2106/
 (FIIF)


CO: Florafax International, Inc. ST: Oklahoma IN: SU: ERN

LG-JG -- NY008 -- 0037 01/07/94 08:44 EST
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Publication:PR Newswire
Date:Jan 7, 1994
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