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BERES INDUSTRIES REPORTS FISCAL THIRD QUARTER, NINE MONTHS RESULTS

 LAKEWOOD, N.J., Feb. 17 /PRNewswire/ -- Beres Industries, Inc. (NASDAQ: BERS), today reported a loss of $91,000, equal to $.01 per share, on total revenues of $1,379,000 for the third fiscal quarter ended Dec. 31, 1992. This compared with net income of $288,000, equal to $.02 per share, and revenues of $1,861,000 for the corresponding 1991 quarter.
 For the nine months, the company had net income of $39,000, equal to $.00 per share, versus $365,000, or $.03 per share. Comparative revenues were $5,086,000 and $5,056,000, respectively.
 The 1991 quarter and nine months included a one-time gain of $265,000 and $288,000, respectively, relating to a reversal of previously accrued losses in a minority-owned joint venture based on a reduction of the company's ownership interest in the venture.
 The comparative consolidated results for the fiscal quarter and nine months were as follows:
 BERES INDUSTRIES, INC.
 Periods ended Three Months Nine Months
 Dec. 31 1992 1991 1992 1991
 Total revenues $1,379,000 $1,861,000 $5,086,000 $5,056,000
 Net income (loss)
 before equity interest
 in joint venture (91,000) 23,000 39,000 77,000
 Equity in net income
 of joint venture -- 265,000 -- 288,000
 Net income (loss) $ (91,000) $ 288,000 $ 39,000 $ 365,000
 Net income (loss)
 per share (A) $(.01) $.02 .00 $.03
 (A) -- Based on 12,412,000 common shares outstanding in all periods.
 -0- 2/17/93
 /CONTACT: Charles Beres Jr., president of Beres Industries, 908-367-5700/
 (BERS)


CO: Beres Industries, Inc. ST: New Jersey IN: SU: ERN

GK-OS -- NY035 -- 7217 02/17/93 10:31 EST
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Publication:PR Newswire
Date:Feb 17, 1993
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