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TRANS-LUX CORPORATION ANNOUNCES HIGHER FIRST QUARTER EARNINGS

 TRANS-LUX CORPORATION ANNOUNCES HIGHER FIRST QUARTER EARNINGS
 NORWALK, Conn., May 12 /PRNewswire/ -- Trans-Lux Corporation (AMEX: TLX) today reported increased revenues and earnings for the first quarter ended March 31, 1992.
 The announcement was made by Chairman Richard Brandt.
 Gross revenues for the quarter were $6 million compared to $4.7 million last year. Net income was $157,000 ($.08 per share) vs. $85,000 ($.04 per share) in 1991.
 Brandt also noted that, subsequent to the end of the quarter, the company purchased the outstanding minority interest in its chain of motion picture theaters in the Southwest.
 As mentioned in its 1991 annual report, the company had made a proposal to purchase a lease base of outdoor signs presently in Chapter 11. The company currently manages this base for the debtor-in- possession. "However, our proposal is still under consideration; there is a competing proposal, and we remain uncertain about the ultimate outcome of this matter," said Brandt.
 Trans-Lux Corporation, whose securities are traded under the symbol "TLX" on the American Stock Exchange, has two operating divisions. The Communications Division designs, produces, leases, sells and services large-scale, multi-color information displays for both indoor and outdoor use, credit terminals, stock ticker devices, teleprinters and facsimile equipment. The Entertainment Division operates a chain of motion picture theaters in the Southwest and certain other properties.
 TRANS-LUX CORPORATION
 Results of Operations
 (Unaudited)
 Three months ended March 31 1992 1991
 Gross revenues $5,968,000 $4,693,000
 Income before taxes 157,000 85,000
 Net income 94,000 51,000
 Earnings per share $.08 $.04
 Average outstanding common shares 1,248,938 1,452,297
 -0- 5/12/92
 /CONTACT: Victor Liss of Trans-Lux, 203-853-4321/
 (TLX) CO: Trans-Lux Corporation ST: Connecticut IN: ENT SU: ERN


KA-CC -- NY089 -- 9277 05/12/92 15:54 EDT
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Publication:PR Newswire
Date:May 12, 1992
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