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SOLAR FINANCIAL SERVICES, INC. REPORTS THIRD QUARTER RESULTS

 MIAMI, April 19 /PRNewswire/ -- Solar Financial Services, Inc. (NASDAQ: SOFI) ("Solar") announced today its third quarter and nine month results. For the nine months ended Feb. 28, 1993, the company earned an after tax profit of $1,185,579 or $.32 per share on revenues of $13,552,611. This compares with an after tax profit of $814,051 or $.24 per share on revenues of $12,403,493 for the same nine month period last year.
 For the three months ended Feb. 28, 1993, the company had after tax profits of $303,932 or $.08 per share, on revenues of $4,371,297. This compares to an after tax profit of $774,258 or $.23 per share, for the three months ended Feb. 28, 1992. The prior year's results includes a, one time year to date, accounting adjustment in the amount of $875,000.
 "We are pleased with the results within each segment of our business," said David L. Pavsner, Solar's president and chief executive officer.
 Solar operates 3 auto depots under the name of "Don L. Motors" in the Dade and Broward county markets (South Florida). The company also operates a finance company that finances the sale of used vehicles, with an average receivable balance of approximately $16.5 million, and an insurance repair facility.
 SOLAR FINANCIAL SERVICES, INC.
 Condensed Statements of Operations
 Three Months Ended
 Feb. 28, 1993 Feb. 28, 1992
 Reveneus $ 4,371,297 $ 4,794,609
 Net Income 303,932 774,258 (A)
 Profit Per Share .08 .23
 Weighted Average
 Number of Shares
 Outstanding 3,822,771 3,380,446
 (A) -- This includes a one time year to date accounting adjustment
 resulting in additional income of $875,000.
 Nine Months Ended
 Feb. 28, 1993 Feb. 28, 1992
 Reveneus $13,552,611 $12,403,493
 Net Income 1,185,579 814,051 (A)
 Profit Per Share .32 .24
 Weighted Average
 Number of Shares
 Outstanding 3,724,237 3,330,991
 (A) -- This includes a one time year to date accounting adjustment
 resulting in additional income of $875,000.
 -0- 4/19/93
 /CONTACT: David L. Pavsner, CEO, 305-835-1168 or Laurance B. Hankin, CFO, 305-693-7131, both of Solar Financial Services, Inc./
 (SOFI)


CO: Solar Financial Services, Inc. ST: Florida IN: FIN AUT SU: ERN

JB-JJ -- FL012 -- 7438 04/19/93 13:03 EDT
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Date:Apr 19, 1993
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