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OP-TECH ENVIRONMENTAL SERVICES, INC. ANNOUNCES FAVORABLE THIRD QUARTER RESULTS

 SYRACUSE, N.Y., Nov. 9 /PRNewswire/ -- OP-TECH Environmental Services, Inc. (OTC, BULLETIN BOARD: OTES) today announced results for the third quarter ended Sept. 30, 1993. Revenues for the quarter totaled $1,556,444, an increase of 81 percent over the prior year's third quarter revenues of $858,516. Third quarter net income was $98,831 (.03 cents per share). This compared favorably to a 1992 third quarter reported loss of $161,064 (.05 loss per share).
 For the nine month period ended Sept. 30, 1993, the company's revenues have increased 112 percent from the prior year, totaling $3,271,401 with a net income loss of $96,390 (0.3 loss per share) versus $1,544,290 in revenues and a net income loss of $587,296 (.20 loss per share) in the comparable 1992 period.
 Commenting on this positive performance, OP-TECH President Richard Elander noted: "In 1993 we have been better able to focus on our client, revenue and geographic growth targets. The results to date have been satisfying, however, to become a real player in the industry, we must continue to grow in a profitable manner."
 OP-TECH Environmental Services, Inc. specializes in handling environmentally hazardous spills; tank cleaning, removal and disposal services; subsurface investigations; ground water treatment including aqueous treatment of petroleum-contaminated water; sludge dewatering; asbestos removal; and hazardous substance and industrial waste transportation.
 The firm began its first full year of operation in 1992 and currently has offices in Massena, Watertown, Rochester and Syracuse, N.Y. and Cornwall, Ontario.
 -0- 11/9/93
 /CONTACT: Richard L. Elander, president of OP-TECH, 315-437-6973/
 (OTES)


CO: OP-TECH Environmental Services, Inc. ST: New York IN: ENV SU: ERN

MP-WB -- NY065 -- 3663 11/09/93 11:52 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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