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SHARED TECHNOLOGIES INC. REPORTS QUARTERLY PROFIT

 SHARED TECHNOLOGIES INC. REPORTS QUARTERLY PROFIT
 WETHERSFIELD, Conn., Nov. 11 /PRNewswire/ -- Shared Technologies


Inc. (NASDAQ: STCH) reported third quarter (September 30) net income of $4 million, or $1.04 a share, on revenue of $6.2 million versus a loss of $1.4 million, or (38 cents) a share, on revenue of $5.6 million a year ago.
 Results for the period just ended reflect an operating profit of two cents a share, and an extraordinary gain of $1.02 a share, resulting from a balance sheet restructuring undertaken during the quarter to satisfy $8.3 million of bank debt and other obligations for total consideration of about $4.2 million. The restructuring was accomplished with proceeds of a September private placement of the company's common stock which raised approximately $5.5 million.
 "We have completed a very challenging period that started in October 1991 when our lead bank was seized by the FDIC," commented Anthony D. Autorino, chairman and chief executive officer. "The action terminated our loan agreement and left us roughly $5 million short of the funding needed to implement our five year plan begun in 1986. We've worked through that, we are back on plan, and we are very excited about the growth of our industry sector and our future within it."
 For the nine months ended Sept. 30, net income was $3.0 million, or 81 cents a share, on 20 percent revenue growth from $15.0 million to $18.0 million. The same period a year ago produced a loss of $3.9 million, or ($1.05) a share. Gross margins were up 52 percent, from $4.6 million a year ago to $7.0 million.
 Cash at Sept. 30, 1992, totaled $1.9 million and shareholder equity stood at $5.8 million. Free cash flow (EBITD) for the period was $575,000, an annualized rate of roughly 46 cents a share.
 Weighted average shares outstanding for the nine months ended September 1992 were 3,779,995.
 -0- 11/11/92
 /CONTACT: Paul R. Barry of Shared Technologies Inc., 203-258-2435/
 (STCH) CO: Shared Technologies Inc. ST: Connecticut IN: TLS SU: ERN


DH -- NE006 -- 9632 11/11/92 09:43 EST
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Date:Nov 11, 1992
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