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PERMA-FIX ENVIRONMENTAL SERVICES, INC. ANNOUNCES FIRST QUARTER RESULTS

 ATLANTA, May 14 /PRNewswire/ -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) announced today that for its first quarter ended March 31, gross revenue increased to $1,624,616 from $1,097,068 for the corresponding period in 1992.
 The net loss for the period ended March 31 was $189,738 or $.06 per share as compared to a net loss of $100,539 or $.04 per share for the corresponding period in 1992. Financial data for Residual Technologies Inc. ("RTI") (closed in escrow March 24, pending certain governmental approvals) is not included in the net loss. In the three-month period ended March 31, RTI had gross revenues of $569,457 and net income of $23,603.
 Dr. Louis F. Centofani, president of the company, stated that: "Losses for the first quarter of 1993 include operating losses for three newly opened mobile treatment facilities, normal weather-related slowdowns and aggressive expansion companywide. We continue to expect a substantial financial improvement in 1993 due to new Perma-Fix mobile facilities, the acquisition of RTI and improving operations. Even with continued aggressive expansion, trends indicate that we will be profitable by the end of 1993."
 Perma-Fix Environmental Services, Inc. provides environmental engineering and hazardous waste treatment and reclamation services.
 PERMA-FIX ENVIRONMENTAL SERVICES, INC.
 Three-month Period Ending March 31
 1993 1992
 Revenues $1,624,616 $1,097,068
 Income (loss) $ (189,738) $ (100,539)
 Weighted average shares 3,083,700 2,271,919
 Net loss/share $(.06) $(.04)
 -0- 5/14/93
 /CONTACT: Priscilla Price of Perma-Fix Environmental Services, 404-847-9990/
 (PESI)


CO: Perma-Fix Environmental Services, Inc. ST: Georgia IN: ENV SU: ERN

BN-RA -- AT007 -- 8807 05/14/93 16:58 EDT
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Publication:PR Newswire
Date:May 14, 1993
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