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RIEDEL ANNOUNCES FIRST-QUARTER RESULTS

 PORTLAND, Ore., May 7 /PRNewswire/ -- Riedel Environmental Technologies Inc. (RET) (AMEX: RIE) announced a loss of $1,472,000, or 38 cents per share, for the quarter ended March 31, 1993. Results for the similar period in 1992 reflected a loss of $931,000, or 27 cents per share. Revenues for the three-month period just ended were $20.3 million, compared with a 1992 level of $23.2 million.
 Arthur A. Riedel, RET chairman and chief executive officer, stated, "The first quarter is always difficult because of the seasonality of our work, and 1993 has been affected even more than normal. Even so, we currently have more work under contract than ever before and remain very optimistic about 1993 and the future."
 According to company officials, the decreased revenues were the result of two factors: unusually harsh weather in the company's main operating areas; and personnel changes in the EPA brought about by the new administration.
 Officials also stated that selling, general and administrative expenses were up as a result of increased proposal and bid preparation activities in the business development area and increased government contract administration costs.
 RET is the parent of Riedel Environmental Services, one of the leading hazardous waste cleanup and environmental services firms in the United States.
 RIEDEL ENVIRONMENTAL TECHNOLOGIES INC.
 FINANCIAL DATA
 (Unaudited, in thousands, except per-share data)
 Three Months Ended March 31: 1993 1992
 Revenues $20,263 $23,201
 Costs 15,098 18,480
 Gross profit 5,165 4,721
 Selling, general and administrative expenses 5,891 5,108
 Operating loss (726) (387)
 Interest expense (746) (739)
 Other income -- 195
 Net loss before income taxes (1,472) (931)
 Income taxes -- --
 Net loss $(1,472) $ (931)
 Net loss per common share $ (0.38) $ (0.27)
 -0- 5/7/93
 /CONTACT: Dave Rynd, vice president, executive assistant to the chief executive officer, of Riedel Environmental Technologies, 503-286-4656/
 (RIE)


CO: Riedel Environmental Technologies Inc. ST: Oregon IN: ENV SU: ERN

SW-AL -- SE006 -- 6186 05/07/93 18:51 EDT
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Date:May 7, 1993
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