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ACTRADE ANNOUNCES RECORD FISCAL YEAR REVENUES AND EARNINGS

 NEW YORK, Oct. 4 /PRNewswire/ -- Actrade International, Ltd. (NASDAQ Small Cap: ACRT) has announced that it achieved record revenues and earnings for the fiscal year ended June 30, 1993.
 Revenues for the fiscal year ended June 30, 1993, rose 17 percent to $9,413,331, compared to $8,067,581 a year ago. Net income increased 127 percent to $213,824, equal to 5 cents per share, compared to $94,308, or 2 cents per share reported last year.
 According to Henry Seror, president: "We are pleased that Actrade has continued to post significant revenue and earnings gains each year. This marks the fourth consecutive year we have reported increases."
 Amos Aharoni, financial executive, stated: "During the fourth quarter of fiscal 1993, we introduced new receivables financing service through our wholly owned subsidiary, AmWorld Commerce. This service, designated Trade Acceptance Draft, or `TAD,' has been well received by our customers and we are confident that it will add dramatically to our future earnings. With the continued growth of our export activities and the potential for our TAD program, we believe fiscal 1994 will result in yet another record year for Actrade."
 Actrade International is a leading direct exporter of U.S.-made industrial products to a large international network of distributors and commercial users.
 -0- 10/4/93
 /CONTACT: Herb Sjolund or Christina Straddeck of Actrade, 212-563-1036/
 (ACRT)


CO: Actrade International, Ltd. ST: New York IN: SU: ERN

MP-TW -- NY061 -- 8343 10/04/93 12:11 EDT
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Publication:PR Newswire
Date:Oct 4, 1993
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