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ARCHER COMMUNICATIONS REPORTS 1991 LOSS

 ARCHER COMMUNICATIONS REPORTS 1991 LOSS
 CALGARY, Alberta, May 19 /PRNewswire/ -- Archer Communications


Inc. (NASDAQ: QSNDF; Toronto: AAZ) announced today audited financial results for the year ended Dec. 31, 1991. The loss for the year was $6,775,000 or 56 cents per share as compared to a loss of $4,976,000 or 43 cents per share in 1990. Archer recorded revenues of $2,666,000 for the year, $2,310,000 of which were from a non-recurring source with the remainder consisting of revenue from licensing agreements in the music and movie industries.
 -0- 5/19/92
 /CONTACT: David Gallagher of Archer Communications, 403-291-2492/
 (QSNDF AAZ) CO: Archer Communications ST: IN: ENT SU: ERN


JB-AW -- FL015 -- 2069 05/19/92 17:36 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:124
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