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BUFFTON CORPORATION ANNOUNCES THIRD QUARTER RESULTS

 BUFFTON CORPORATION ANNOUNCES THIRD QUARTER RESULTS
 FORT WORTH, Texas, Aug. 10 /PRNewswire/ -- Robert H. McLean,


chairman of the board and president of Buffton Corporation (AMEX: BFX), announced today a net loss of $151,000, or $.03 per share on revenues of $12,197,000 for its third quarter ended June 30, 1992. For the same period last year, net income was $169,000, or $.05 per share, including income from discontinued operations of $536,000, or $.15 per share on revenues of $11,331,000.
 For the nine months ended June 30, 1992, the net loss was $3,958,000, or $.89 per share, including a loss of $3,370,000, or $.76 per share from discontinued operations on revenues of $33,514,000. For the same period last year, the net income was $52,000, or $.01 per share, including income from discontinued operations of $1,210,000, or $.31 per share on revenues of $47,417,000. The discontinued operations result from the sale of B&D Instruments and Avionics, Inc. during February, 1992.
 McLean stated, "The current quarter's results includes the previously announced acquisition of Entertainment Centers of America, Inc. ("ECA"), which was effective June 1, 1992. ECA's wholly-owned subsidiary, Minneapolis Entertainment Company, Inc. (d/b/a Mississippi Live), recorded a profit during its first full month of operation. Our plastic fittings subsidiary, Flo Control, Inc., recorded improved profitability as we are now beginning to see the positive results of the consolidation of its two plants and reduction of operating expenses. However, our electronics subsidiaries showed a decline due primarily to a less favorable product mix and costs related to the start-up of new products. Finally, the current quarter also includes a reduction of over 50 percent in interest expense due to reduced debt levels and lower rates."
 McLean concluded, "Our manufacturing subsidiaries continue to be affected by a sluggish economy, particularly as it relates to the computer industry. We believe that the initial success of Mississippi Live will continue and contribute positively to our fourth quarter results. Because of the depressed state of the computer industry and the adverse economic climate generally, we do not look for a significant change in the operating results of our other subsidiaries."
 BUFFTON CORPORATION
 Earnings Summary
 (In thousands, except per share amounts Unaudited)
 Three Months Ended Nine Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Net revenues $ 12,197 $ 11,331 $ 33,514 $ 47,417
 Loss from
 continuing
 operations (151) (367) (588) (1,158)
 Discontinued operation:
 Income (loss) from
 operations 0 536 483 1,210
 Loss on disposal 0 0 (3,853) 0
 0 536 (3,370) 1,210
 Net income (loss) $ (151) $ 169 $ (3,958) $ 52
 Net income (loss)
 per average
 common share:
 Continuing
 operations $ (0.03) $ (0.10) $ (0.13) $ (0.30)
 Discontinued
 operation (0.00) 0.15 (0.76) 0.31
 Net income (loss) $ (0.03) $ 0.05 $ (0.89) $ 0.01
 Buffton Corporation is a diversified group of companies engaged in the development of entertainment centers and the manufacture of electronic and plastic products.
 -0- 8/10/92
 /CONTACT: Robert Korman, vice president and chief financial officer of Buffton Corporation, 817-332-4761/
 (BFX) CO: Buffton Corporation ST: Texas IN: SU: ERN


LR -- NY058 -- 8562 08/10/92 13:53 EDT
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Date:Aug 10, 1992
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