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PACESETTER BUSINESS PROPERTIES REPORTS MARCH 31, 1992 RESULTS

 PACESETTER BUSINESS PROPERTIES REPORTS MARCH 31, 1992 RESULTS
 NEWPORT BEACH, Calif., May 14 /PRNewswire/ -- Pacesetter Business Properties (PSE) reported a net loss of $390,000, or $.25 per share, on revenues of $2,704,000 for the quarter ended March 31, 1992, compared to a net loss of $408,000, or $.26 per share, on revenues of $1,303,000 for the same period in 1991, Steven R. Strauss, president, announced today.
 The 1992 results include the sale of one industrial building at a sales price of $1,564,000, which generated a pre-tax profit of $125,000, while the 1991 results included no sales of real estate property.
 The pre-tax losses for Pacesetter Business Properties include depreciation expense of $254,000 and $304,000 for the quarters ended March 31, 1992 and 1991, respectively, on rental operating properties held by the company for investment.
 Financial Summary
 For the Quarters Ended
 March 31,
 1992 1991
 Total revenues $2,704,000 $1,303,000
 Net loss ($390,000) ($408,000)
 Net loss per common share ($0.25) ($0.26)
 -0- 5/14/92
 /CONTACT: Diana Waller of Pacesetter Business Properties, 714-852-1184/ CO: Pacesetter Business Properties ST: California IN: SU: ERN


AL -- LA026 -- 0268 05/14/92 13:10 EDT
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Date:May 14, 1992
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