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THE KEITH GROUP REPORTS EARNINGS FORTHREE MONTH PERIOD ENDING FEB. 28, 1993

 FORT LAUDERDALE, Fla., April 19 /PRNewswire/ -- The Keith Group of Companies, Inc. (NASDAQ: HKME) today reported earnings and revenues for the first quarter ending Feb. 28, 1993.
 The Keith Group returned to profitability during the second quarter of its current fiscal year by recording a profit of $6,476 or $0.01 per share of common stock based on $806,374 in revenues. This compares with a restated loss of $229,548 or $0.07 per share for the period ended Feb. 29, 1992 based on $914,624 in revenues.
 The primary reason for the second quarter 1993 profit may be attributed to a slight increase in new home sales, enhanced rental income created by the flow of new residents to the company's properties and a significant reduction of certain supervisory expenses that were not essential to the company's continuing operations.
 The Keith Group, with executive offices in Hallandale, Fla., is believed to be one of a limited number of publicly owned companies whose primary interests are directed toward the development of manufactured home communities.
 THE KEITH GROUP OF COMPANIES, INC.
 Financial Summary
 Three Months Ending 2/28 Three Months Ending 2/29
 1993 1992
 Revenues $ 806,374 $ 914,624
 Income (loss) 6,183 (229,548)
 Earnings (loss)
 per share 0.01 (0.07)
 -0- 4/19/93
 /CONTACT: Hugh Keith of The Keith Group of Companies, 305-458-5282/
 (HKME)


CO: The Keith Groups of Companies, Inc. ST: Florida IN: CST SU: ERN

JB-AW -- FL013 -- 7409 04/19/93 12:31 EDT
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Date:Apr 19, 1993
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