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TEMCO REPORTS THIRD QUARTER RESULTS

 TEMCO REPORTS THIRD QUARTER RESULTS
 NEW YORK, Sept. 3 /PRNewswire/ -- Temco Service Industries, Inc.


(OTC), the building maintenance and security services company, today announced revenues and net income for the three and nine months ended June 30, 1992 as follows:
 TEMCO SERVICE INDUSTRIES, INC.
 Three months ended June 30 1992 1991
 Revenues $32,722,193 $32,631,364
 Income from cont. opers.
 bef. inc. taxes 1,209,358 515,435
 Provision for inc. taxes 399,671 19,000
 Income from cont. opers. 809,687 496,435
 Gain on sale of
 discounted operations 22,140,776 0
 Income (loss) from discont.
 opers. net of applicable
 inc. tax benefits of $730 0 (367,172)
 Net income 2,950,463 129,263
 Net income (loss) per share
 common stock:
 Continuing operations 1.50 0.91
 Discontinued operations 3.98 (0.67)
 Net income 5.48 0.24
 Average number of shares
 outstanding 538,569 543,569
 Nine months ended June 30 1992 1991
 Revenues $100,526,615 $97,676,271
 Income from cont. opers.
 bef. inc. taxes 2,497,296 1,275,663
 Provision for inc. taxes 978,934 107,000
 Income from cont. opers. 1,518,362 1,168,663
 Gain on sale of
 discontinued operations 2,140,776 0
 Income (loss) from discont.
 opers. net of applicable
 inc. tax charge of $15,609 0 (1,633,717)
 Net income (loss) 3,659,138 (465,054) ? Net inc


om (loss) per share
 of common stock:
 Continuing operations 2.82 2.17
 Discontinued operations 3.97 (3.03)
 Net income (loss) 6.79 (0.86)
 Average number of shares
 outstanding 538,934 537,791
 (A) The financial information reported is subject to adjustments resulting from year-end audit. Results of operations for the three months and nine months are not necessarily indicative of the earnings for the full fiscal year.
 (B) In November 1991 Temco sold 80 percent of the outstanding stock of its European environmental companies - the Dapemo group - for a minimum price to be based on the net audited assets of the group as of Sept. 30, 1991. In June 1992, the parties agreed to the net asset values which resulted in a gain of $2,140,776 in this quarter. The final price can be increased subject to future operations.
 The financial results for the three and nine months ended June 30, 1991 have been restated to reflect the Dapemo group as a discontinued operation.
 -0- 9/3/92
 /CONTACT: Edward Valenti, vice president and treasurer of Temco Service Industries, Inc. 212-889-6353/ CO: Temco Service Industries, Inc. ST: New York IN: SU: ERN


SM-AO -- NY023 -- 6288 09/03/92 09:52 EDT
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Publication:PR Newswire
Date:Sep 3, 1992
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