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ANALYTICAL SURVEYS MORE THAN DOUBLES NET INCOME FOR FISCAL 1992

 COLORADO SPRINGS, Colo., Nov. 17 ~PRNewswire~ -- Analytical Surveys, Inc. (NASDAQ: ANLT) announced today net income for the year ended Sept. 30, 1992 of $356,328, or $.14 per share, compared with net income of $143,877, or $.06 per share, for the previous year, a 148 percent increase. Sales for fiscal 1992 increased by more than $1 million. The company reported sales for the year ended Sept. 30, 1992 of $8,441,132 compared with $7,309,959 for fiscal 1991, a 15 percent increase.
 Net income for the quarter ended Sept. 30, 1992 was $192,275, or $.08 per share, on sales of $2,242,174. This compares with net income of $62,382, or $.03 per share, on sales of $2,050,661 for the same period a year ago.
 The company also increased its income from operations for the year, reporting a 500 percent improvement from $120,376 in fiscal 1991 to $721,673 for the year just ended. In addition, Analytical Surveys benefited from an investment tax credit of $55,000 for fiscal 1992.
 Analytical Surveys' President and Chief Operating Officer Sid Corder said, "We have been able to increase our business despite economic softness in some regions of the country because we have invested in the resources necessary to meet the growing demands in the marketplace. Geographic Information Systems customers are requiring increasingly complex products and higher quality service from their vendors. We believe we are well positioned to meet our customers' evolving expectations with a highly skilled work force, sophisticated technology and operational flexibility."
 The Colorado Springs-based mapping company had a sales backlog of $11,346,000 at year end, an increase of 49 percent over last year. "We have been successful at converting our backlog to the bottom line," said Corder. "In fact, while sales increased just over 15 percent, net earnings increased 148 percent.
 "We are optimistic about our future," Corder continued. "We plan to remain focused on our controlled-growth philosophy to ensure a stable future for the company while continuing our commitment to enhancing shareholder value."
 Analytical Surveys, Inc. is a professional services company providing digital mapping and Geographic Information Systems (GIS) database services. The company is an industry leader in innovative technological advances and productivity. Its clients include cities, counties, utility companies and others making use of the emerging technologies related to digital mapping.
 The company's common stock is traded nationally over the counter under the NASDAQ symbol ANLT.
 ANALYTICAL SURVEYS, INC.
 STATEMENT OF OPERATIONS
 Quarter Ended Year Ended
 September 30, September 30,
 1992 1991 1992 1991
 Sales of services $2,242,174 $2,050,661 $8,441,132 $7,309,959
 Costs and expenses:
 Salaries, wages and
 related benefits 1,052,500 804,125 3,876,288 3,151,111
 Subcontractor costs 314,436 544,770 1,418,406 1,665,314
 General and
 administrative 419,154 291,362 1,659,093 1,569,533
 Depreciation and
 amortization 176,091 262,262 765,672 803,625
 -- 1,962,181 1,902,519 7,719,459 7,189,583
 Income from operations 279,993 148,142 721,673 120,376
 Other income (expense):
 Interest income 635 750 6,463 6,436
 Interest expense (56,088) (55,410) (238,858) (240,480)
 Reimbursement from vendor -- -- -- 336,105
 Gain (loss) on valuation
 of securities (5,625) 4,230 (18,000) 3,987
 Other -- 1,310 8,050 1,955
 -- (61,078) (49,120) (242,345) 108,003
 Earnings before income
 taxes 218,915 99,022 479,328 228,379
 Provision for income
 tax expense 26,640 36,640 123,000 84,502
 Net earnings $192,275 $62,382 $356,328 $143,877
 Earnings per share $.08 $.03 $.14 $.06
 Weighted average common
 shares outstanding 2,499,319 2,485,324 2,489,477 2,485,324
 -0- 11~17~92
 ~CONTACT: Edwin Neuger, (home) 612-929-0945 or David Neuger (home) 612-699-6730, both of Edwin Neuger & Associates, 612-333-6621, for Analytical Surveys~
 (ANLT)


CO: Analytical Surveys, Inc. ST: Minnesota IN: CPR SU: ERN

KH -- MN011 -- 1921 11~17~92 14:24 EST
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Date:Nov 17, 1992
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