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TRANSCOR WASTE SERVICES, INC. REPORTS SIGNIFICANT INCREASE IN REVENUE AND SOLID EARNINGS PERFORMANCE

 TAMPA, Fla., Nov. 9 /PRNewswire/ -- TransCor Waste Services, Inc. (NASDAQ: TRCW) announced earnings for the nine months ended Sept. 30, 1993, were $1,117,000 or $.30 per share vs. a loss of ($124,000) or ($.04) per share for the same period ended Sept. 30, 1992. Revenue for the nine months ended Sept. 30, 1993, was $17,310,000 vs. $10,898,000 for the same period in 1992 or an increase of 59 percent.
 Earnings for the three months ended Sept. 30, 1993 were $265,000 or $.07 per share vs. a loss of ($4,000) or less than $.01 per share for the same period ended Sept. 30, 1992. Revenue for the three months ended Sept. 30, 1993 was $6,089,000 compared to $3,928,000 for the same period ended Sept. 30, 1992, or an increase of 55 percent.
 Francis M. Williams, chairman of the board, stated, "Performance for the first nine months of the year puts us on target to meet projections of $23,500,000 of revenue and $.40 per share for the year. We are aggressively pursuing sales and market share in our Florida markets. Recently announced awards and contracts will have a positive impact in 1994."
 TRANSCOR WASTE SERVICES, INC.
 STATEMENT OF OPERATIONS
 (Unaudited)
 Period ended Sept. 30,
 1993 1992 1993 1992
 Nine months Nine months Three months Three months
 Gross revenue $17,310,000 $10,898,000 $6,089,000 $3,928,000
 Net income
 (loss) $1,117,000 ($124,000) $265,000 ($4,000)
 Earnings (loss)
 per share $.30 ($.04) $.07 ($.00)
 Weighted average
 shares
 outstanding 3,695,971 3,000,000 4,000,000 3,000,000
 TransCor provides solid waste management services to commercial, industrial, and residential customers in the state of Florida. TransCor's services include transfer, collection, transportation, segregation, recycling, demolition, and disposal. TransCor is headquartered in Tampa, Fla., and operates facilities in Miami, Dade County; Clearwater, Pinellas County; Tampa, Hillsborough County; Jacksonville, Duval County; and Lantana, Palm Beach County. Recently, an office was opened in Fort Pierce, St. Lucie County.
 Kimmins Environmental Service Corp. (NYSE: KVN) owns 74 percent of TransCor.
 -0- 11/9/93
 /CONTACT: S. David Silver of TransCor Waste Services, 813-247-0150; or Michelle Sotnikow of Howard Bronson & Co., 212-867-6160, for TransCor Waste/
 (TRCW KVN)


CO: TransCor Waste Services ST: Florida IN: ENV SU: ERN

AW-RK -- FL004 -- 2163 11/09/93 10:08 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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