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WEDDING INFORMATION NETWORK, INC. ANNOUNCES REVENUES AND EARNINGS FOR THE YEAR ENDED JUNE 30, 1992

 WEDDING INFORMATION NETWORK, INC. ANNOUNCES REVENUES
 AND EARNINGS FOR THE YEAR ENDED JUNE 30, 1992
 OMAHA, Neb., Sept. 21 /PRNewswire/ -- Wedding Information Network, Inc., and subsidiary (NASDAQ: WINN) today announced revenues and results of operations for the year and quarter ended June 30, 1992.
 Revenues increased $262,010 or 6.09 percent for the year and decreased $7,841 or 0.6 percent for the quarter as compared to the same period of the prior year.
 For the quarter ended June 30, 1992 the company reported a net loss of $8,288 or $.00 per share compared to a profit of $63,167 or $.02 per share the prior year. The company reported a net loss of $490,514 or $.12 per common and common equivalent share for the year ended June 30, 1992 compared to a net loss of $667,143 or $.19 per common and common equivalent share for the year ended June 30, 1991.
 Commenting on the results of operations for the year and quarter, Sanford L. Friedman, president of Wedding Information Network, Inc., said the losses were primarily due to operations losses as well as, from the sales of the assets of Colorado Designs, Inc. (CDI) and America's Corporate Image (ACI). These are now discontinued operations. In addition, he stated that the company was pleased with the approximate break-even of the on-going core businesses ("The Wedding Pages" and K/R and Associates, Inc.) because of the impact from non-performing franchise markets, the company is now operating as company markets. Company Owned Markets usually take one to two years to build up. The company should begin seeing improved results in fiscal 1993.
 Wedding Information Network, Inc., is the franchiser and publisher of "The Wedding Pages," a comprehensive guide used to plan a wedding. Wedding Information Network, Inc., currently operates in 67 geographic markets through 45 franchises, 21 Company Owned Markets and one joint venture. Through this network, "The Wedding Pages" offers a sophisticated marketing program used by businesses who provide products and services to the bridal industry. K/R and Associates, Inc., provides commercial art, typesetting, camera and printing services for a diverse base of Omaha business clients.
 WEDDING INFORMATION NETWORK, INC.
 SELECTED FINANCIAL DATA
 PERIODS ENDED JUNE 30, 1992
 (Unaudited)
 Three Months Ended Year Ended
 1992 1991 1992 1991
 Revenues $1,214,017 $1,221,858 $4,562,984 $4,300,974
 Selling, marketing
 production costs 829,117 751,576 2,993,653 2,732,261
 Total costs & expenses 1,232,382 1,179,204 4,632,005 4,657,996
 Income (loss) from
 operations (18,365) 42,654 (69,021) (357,022)
 Interest income, net 10,077 11,513 56,586 105,879
 Buyout of employment
 contract -- -- -- 425,000
 Income (loss) from
 continuing operations
 before income tax (8,288) 54,167 (12,435) (676,143)
 Income taxes (net) -- 9,000 -- 9,000
 Income (loss) from
 continuing operations (8,288) 63,167 (12,435) (667,143)
 Loss from discontinued
 operations -- -- (478,079) --
 Net income (loss) $(8,288) $63,167 $(490,514) $(667,143)
 Net income (loss) per
 common and common
 equivalent share -- $.02 $(.12) $(.19)
 Weighted average shares
 outstanding 4,068,908 3,477,249 4,068,908 3,477,249
 -0- 9/21/92
 /CONTACT: Bradley L. Poppen of Wedding Information Network, 800-843-4983/
 (WINN) CO: Wedding Information Network, Inc. ST: Nebraska IN: SU: ERN


AL -- MN018 -- 1919 09/21/92 18:26 EDT
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Publication:PR Newswire
Date:Sep 21, 1992
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