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MAIL BOXES ETC. ANNOUNCES RECORD FOURTH QUARTER RESULTS

MAIL BOXES ETC. ANNOUNCES RECORD FOURTH QUARTER RESULTS
 SAN DIEGO, June 15 /PRNewswire/ -- Mail Boxes Etc. (MBE) (NASDAQ: MAIL) announced that revenues for its fourth quarter ending April 30, 1992 were $10,002,640, up 25 percent from FY 91's fourth quarter revenues of $7,994,917. Net income for the quarter was up 70 percent to $1,467,232 compared to $862,468 in FY 91, and earnings per share increased from $.07 to $.12, a 71 percent increase. These significant increases were primarily attributable to a 38 percent increase in the number of domestic franchises sold during the fourth quarter, the sale of Master Licenses for England, France and Germany, and a 50 percent reduction in losses incurred by its subsidiary, MBE Service Corp. The earnings per share reflect the results of a 2-for-1 stock split paid in April 1992.
 For the fiscal year ending April 30, 1992, revenues increased 19 percent to $36,013,694 as compared to $30,302,646 for the prior fiscal year. Net income also increased 36 percent from $4,019,867 to $5,460,368 and earnings per share (adjusted for the 2-for-1 stock split in April 1992), rose 28 percent from $.36 in FY 91 to $.46 in FY 92. During the fiscal year, a record 307 domestic franchises were sold, bringing the total number of franchises open or in the process of opening in the United States of America to more than 1,700.
 With the addition of Individual Franchise sales by foreign Master Licenses this brings the total number of MBE Centers worldwide to approximately 1,770.
 Mail Boxes Etc. is a San Diego-based holding company, whose operating subsidiary, Mail Boxes Etc. USA Inc. (also known as "The Post Office Alternative"), is the nation's largest franchisor of neighborhood Service Centers specializing in postal, business and communications services.
 -0- 06/15/92
 CONTACT: A.W. (Tony) De Sio, CEO of Mail Boxes Etc., 619-455-8800
 (MAIL) CO: MAIL BOXES ETC. ST: CA -- SD001 -- X521 06/15/92
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 15, 1992
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