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SERV-TECH ANNOUNCES FIRST QUARTER EARNINGS

 SERV-TECH ANNOUNCES FIRST QUARTER EARNINGS
 HOUSTON, May 4 /PRNewswire/ -- Serv-Tech, Inc., (NASDAQ: STEC) today


announced revenues for the first three months of 1992 were $36.2 million, a 75 percent increase over 1991 first quarter revenues of $20.7 million. Net income for first quarter 1992 was $1,665,000, a 12 percent increase over net income of $1,481,000 during the same period a year earlier.
 "Serv-Tech experienced revenue growth in all product lines, including our environmental services," commented Richard W. Krajicek, chairman of the board. He indicated that management was pleased with the first quarter performance, especially in view of softening demand for finished products experienced by the refinery and petrochemical industries, Serv-Tech's primary customer base.
 Earnings per share were 30 cents for the first quarter 1992, compared to 33 cents a share in the same period of 1991. The reduced earnings per share was due to a 26 percent increase in the number of shares outstanding, from 4,465,000 to 5,632,000 shares between first quarters in 1991 and 1992.
 "We're encouraged by the rebound in Serv-Tech's gross profit margins from the third and fourth quarters of 1991," Krajicek said. "This, combined with strong performance by our electrical and instrumentation group, resulted in the improved operating results. With our strong balance sheet, we anticipate excellent opportunities to continue expanding in 1992," he added. Because of a growing need among industrial plants for environmental improvement services, management will put even greater emphasis on Serv-Tech's new environmental technologies in the coming year.
 Krajicek also announced that the negotiations to acquire Hartney Industrial Services, Inc., had terminated without completion of the transaction.
 SERV-TECH, INC.
 (In 000s, except per share data)
 Three Months Ended
 March 31,
 1992 1991
 Revenues $36,175 $20,664
 Income before income taxes 2,840 2,472
 Net income 1,665 1,481
 Earnings per share .30 .33
 Weighted average shares outstanding 5,632 4,465
 -0-
 /CONTACT: John M. Slack of Serv-Tech, Inc., 713-644-9974/
 (STEC) CO: Serv-Tech, Inc. ST: Texas IN: OIL SU: ERN


PS -- NY087 -- 6135 05/04/92 14:41 EDT
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Date:May 4, 1992
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