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PRISM GROUP REPORTS 1992 SECOND-QUARTER EARNINGS

 PRISM GROUP REPORTS 1992 SECOND-QUARTER EARNINGS
 SARASOTA, Fla., July 30 /PRNewswire/ -- Prism Group Inc.


(OTC), parent company of MicroDisk Services in Woodinville, Wash., reported net income of $45,542, or 1 cent per share, on revenues of $3.6 million for the second quarter ended June 30, 1992. For the same period in fiscal 1991, the company recorded a loss of $18,802, or 1 cent per share, and no revenues. Results for the six-month period ended June 30, 1992, show net income of $62,398, or 2 cents per share, on revenues of $6.6 million, versus a loss of $50,153, or 3 cents per share, with no revenues, for the six months ended June 30, 1991.
 "Prism was a holding company last year and we acquired MicroDisk in November of 1991," said James T. McDonough, chairman. "We remain very optimistic about the long-term growth opportunities in the software manufacturing industry."
 Prism Group remains a holding company and is based in Sarasota. MicroDisk provides manufacturing services to software publishers, including diskette duplication, packaging, assembly and product shipping services. Prism acquired MicroDisk on Nov. 18, 1991.
 PRISM GROUP INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Six Months
 Ended June 30: 1992 1991 1992 1991
 Net sales $3,632,945 -- $6,572,556 --
 Cost and expenses:
 Cost of goods sold 2,794,946 -- 4,954,149 --
 Operating expenses 737,343 25,563 1,425,423 64,925
 Income (loss) from
 operations 100,656 (25,563) 192,984 64,925
 Other income (expense):
 Interest expense (26,468) -- (77,311) --
 Interest income and
 other 7,546 6,761 16,344 14,772
 Total (18,922) 6,761 (60,967) 14,772
 Income (loss) before
 income taxes and
 minority interest 81,734 (18,802) 132,017 (50,153)
 Income tax provision (22,000) -- (40,000) --
 Income (loss) before
 minority interest 59,734 (18,802) 92,017 (50,153)
 Minority interest in
 earnings of consolidated
 subsidiary (14,192) -- (29,619) --
 Net income (loss) $ 45,542 $ (18,802) $ 62,398 $ (50,153)
 Net income (loss)
 per share $ 0.01 $ (0.01) $ 0.02 $ (0.03)
 -0- 7/30/92
 /CONTACT: K.C. Aly of MicroDisk Services, 206-881-1609; or Brad Tedeschi of Prism Group, 206-889-4457/ CO: Prism Group Inc.; MicroDisk Services ST: Washington, Florida IN: CPR SU: ERN


LM-SC -- SE005 -- 5390 07/30/92 19:04 EDT
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Date:Jul 30, 1992
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