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MAIL BOXES ETC. ANNOUNCES RECORD FIRST QUARTER RESULTS

 MAIL BOXES ETC. ANNOUNCES RECORD FIRST QUARTER RESULTS
 SAN DIEGO, Aug. 19 /PRNewswire/ -- Mail Boxes Etc. (MBE) (NASDAQ: MAIL) announced today that net income for its first quarter ended July 31, 1992, increased 38 percent and earnings per share increased 30 percent over the same period of last year.
 The company's first quarter revenues were $9,208,359 and net income was $1,535,310. This compares to $7,386,856 of revenues and $1,111,246 of net income for the quarter ended July 31, 1991, representing a 25 percent increase in revenue and a 38 percent increase in net income. Earnings per share were $.13 for the quarter ended July 31, 1992, compared to $.10 for the same quarter ended July 31, 1991, representing a 30 percent increase. The number of shares outstanding increased from 11,678,480 to 12,250,468 primarily as a result of the purchase of additional shares by United Parcel Service of America under a 1990 stock purchase agreement. The number of shares outstanding reflects a 2-for-1 split of the company's common stock in April 1992, and all earnings per share and the number of shares outstanding have been restated to reflect the 2-for-1 stock split.
 The above results do not include the recently announced sale of the master license for Italy which will be booked in the second quarter ending Oct. 31, 1992.
 Mail Boxes Etc. is a San Diego-based holding company, whose operating subsidiary, Mail Boxes Etc. USA Inc., is the world's largest franchiser of neighborhood service centers specializing in postal, business and communications services. MBE makes its network available to national and international companies as an alternative to establishing or expanding their own service distribution systems. At the close of business on July 31, 1992, Mail Boxes Etc. had 1,673 service centers operating in 49 states, plus the District of Columbia and Puerto Rico and has entered into master license agreements with licensees for the development of MBE centers in Canada, Mexico, Japan, Jamaica, Spain, United Kingdom, France, Germany, Brazil and Italy.
 -0- 8/19/92
 /CONTACT: A.W. (Tony) De Sio, CEO of Mail Boxes Etc., 619-455-8800/
 (MAIL) CO: Mail Boxes Etc. ST: California IN: SU: ERN


LS-KJ -- SD001 -- 1191 08/19/92 08:04 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
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