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SAFECARD REPORTS HIGHER REVENUE AND EARNINGS

 CHEYENNE, Wyo., March 8 /PRNewswire/ -- SafeCard Services, Inc. (NYSE: SSI) today reported net earnings of $8.9 million, or 30 cents per share, for the first quarter of 1993.
 These amounts represent 9 percent and 11 percent increases, respectively, over corresponding amounts in the first quarter of 1992. Contributing to the increase in earnings were an increase in subscription revenues, which reached a record high of $37.6 million, and reduced state income taxes resulting from the company's relocation to Wyoming.
 Cash and investment balances increased to a record $194 million as of Jan. 31, 1993, while the company remains debt free, as in the past. Recently, the company announced that it was changing its dividend payment policy, going from a semi-annual dividend rate of 7.5 cents a share to a quarterly dividend rate of 5 cents a share. The company also announced recently plans to repurchase as much as 4 million shares of its stock.
 SafeCard is the world's largest provider of credit card registry services and also provides other enhancement services through its credit card issuer clients.
 SAFECARD SERVICES, INC.
 First quarter ended Jan. 31 1993 1992
 Revenue $40,359,000 $39,164,000
 Net earnings 8,896,000 8,162,000
 Earnings per share $.30 $.27
 Average shares 29,312,000 30,249,000
 -0- 3/8/93
 /CONTACT: Gene Miller of SafeCard Services, 407-852-1925, or Bob Stone of the Dilenschneider Group, 212-922-0900, or home, 914-591-5534, for SafeCard Services/
 (SSI)


CO: SafeCard Services, Inc. ST: Wyoming IN: FIN SU: ERN

SM-CK -- NY039 -- 3975 03/08/93 11:38 EST
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Publication:PR Newswire
Date:Mar 8, 1993
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