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BEI HOLDINGS REPORTS FIRST QUARTER OPERATING RESULTS

 ATLANTA, April 21 /PRNewswire/ -- BEI Holdings, Ltd. (NASDAQ: BEIH) today reported results for its first quarter ended March 31, 1993.
 Net income for the quarter was $1,439,000, or $.13 per share, compared to $1,302,000, or $.13 per share, for the same period in the prior year. Revenues for the period totaled $14,320,000 compared to $10,319,000 in 1992.
 BEI Holdings, Ltd. is a diversified consulting firm with offices throughout the United States and Great Britain providing services to the financial industry and to Fortune 500 firms.
 BEI HOLDINGS LTD. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited)
 Quarter ended
 3/31/93 3/31/92
 Consulting and management services
 revenues $14,320,343 $10,319,349
 Costs and expenses
 Costs of consulting operations 10,757,116 8,507,440
 Selling, general and administrative 725,984 1,004,000
 Interest expense (685) 39,275
 Other income, net (86,308) (759,595)
 Minority interest 1,313,926 175,846
 Total costs and expenses 12,710,033 8,966,966
 Income from continuing operations
 before income taxes 1,610,310 1,352,383
 Provision for income taxes 171,000 50,600
 Net income 1,439,310 1,301,783
 Net income per share $ .13 $ .13
 CONSOLIDATED BALANCE SHEETS
 ASSETS 3/31/93 12/31/92
 Cash and cash equivalents $ 1,178,795 $ 3,523,903
 Accounts receivable, net of allowance
 for losses 9,301,641 5,395,015
 Accounts receivable - unbilled 6,204,836 4,923,254
 Investments held for sale 1,640,434 1,640,434
 Prepaid expenses 745,732 537,915
 Other current assets 475,225 533,586
 Total current assets 19,546,663 16,554,107
 Mortgage loans and notes receivable 3,051,509 3,830,304
 Notes receivable from officers and
 related cash surrender values for
 company paid life insurance 3,249,481 3,104,015
 Real estate held for sale 7,249,592 7,050,787
 Property and equipment, net of
 accumulated depreciation 2,404,975 2,331,452
 Intangible assets, net of
 accumulated amortization 10,432,851 10,606,731
 Other assets 868,211 781,552
 Total assets $46,803,282 $44,258,948
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Liabilities
 Notes payable $ 0 $ 0
 Accounts payable and accrued exps. 4,660,268 4,512,564
 Deferred revenue 128,051 454,072
 Income taxes payable 921,380 755,633
 Current portion of long term debt 0 40,715
 Payable to joint venture partner 2,970,764 1,738,838
 Total current liabilities 8,680,463 7,501,822
 Long-term debt 162,897 252,551
 Other liabilities 642,788 806,438
 Shareholders' Equity
 Common stock, par value $.05,
 authorized 15,000,000 shares,
 issued 10,493,537 524,676 520,989
 Additional paid-in capital 50,225,234 50,049,234
 Accumulated deficit (13,432,776) (14,872,086)
 Total shareholders' equity 37,317,134 35,698,137
 Total liabilities and shareholders'
 equity $46,803,282 $44,258,948
 -0- 4/21/93
 /CONTACT: Charles C. Ray, chief financial officer of BEI Holdings, 404-315-6060/
 (BEIH)


CO: BEI Holdings, Ltd. ST: Georgia IN: FIN SU: ERN

RA-BR -- AT010 -- 8718 04/21/93 12:07 EDT
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Date:Apr 21, 1993
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