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TRANS NATIONAL LEASING, INC. ANNOUNCES EARNINGS

 TRANS NATIONAL LEASING, INC. ANNOUNCES EARNINGS
 DALLAS, May 15 /PRNewswire/ -- Trans National Leasing, Inc.


(NASDAQ: TNLS) today reported net earnings of $36,241, or 3 cents per share, on revenues of $1,734,119 for the fiscal third quarter ended March 31, 1992, compared to a net loss of $28,821, or 2 cents per share, on revenues of $1,901,286 for the same quarter of fiscal 1991. Net earnings for the nine months ended March 31, 1992, were $180,659, or 13 cents per share, compared to a net loss of $76,748, or 5 cents per share, in the same period a year ago. Revenues for the most recent nine-month period were $5,419,227, compared to $5,614,719 a year ago.
 John Maher, president, commented that the improvement in fiscal 1992 results is the result of lower Alternate Minimum Taxes (AMT) due to the reversal of timing differences upon sale of some of the units purchased after the enactment of the 1986 Tax Act. Revenues decreased primarily due to generally lower interest rates and a lower volume of 1992 model orders.
 Orders and deliveries of 1992 models trail those of last year by approximately 14 percent, Maher said, adding, "We expect the rest of our year to continue generally to mirror the health of the U.S. and economy and, more particularly, the Southwest's economy."
 Three months ended
 March 31: 1992 1991
 Revenues $1,734,119 $1,901,286
 Net income (loss) 36,241 (28,821)
 Per share .03 (.02)
 Nine months ended
 March 31: 1992 1991
 Revenues $5,419,227 $5,614,719
 Net income (loss) 180,659 (76,748)
 Per share .13 (.05)
 Weighted average shares outstanding 1,435,826 1,435,826
 -? 5/15/92
 /CONTACT: John Maher, president of Trans National Leasing, Inc., 214-233-6806, or Larry Howell of Howell Communications, Inc., 214-340-9994, for Trans National Leasing/
 (TNLS) CO: Trans National Leasing Inc. ST: Texas IN: SU: ERN


AH -- NY082 -- 0840 05/15/92 14:57 EDT
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Date:May 15, 1992
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