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BURNUP & SIMS REPORTS FIRST QUARTER RESULTS

 FORT LAUDERDALE, Fla., Sept. 14 /PRNewswire/ -- Burnup & Sims Inc. (NASDAQ: BSIM) today reported earnings for the first quarter ended July 31, 1993 of $1.9 million, or $.22 per share, on revenues of $37.4 million, compared to $237,000, or $.03 per share, on revenues of $37.8 million last year. Earnings for the current year include a gain from the sale of real estate of approximately $1.6 million, or $.19 per share.
 The company is continuing to position itself for the expected domestic opportunities arising from an alliance between telephone and cable television customers, and is exploring additional international opportunities such as joint ventures with other telecommunications companies.
 Opening the lines of communications(TM) across the United States and abroad, Burnup & Sims is a leading telecommunications service company with diversified interests in movie theatres, commercial printing and real estate.
 BURNUP & SIMS INC.
 CONSOLIDATED RESULTS FOR THE PERIODS ENDED
 JULY 31, 1993 AND 1992
 (In Thousands, Except Per Share Amounts)
 Three Months Ended
 July 31,
 1993 1992
 Revenues $ 37,447 $ 37,814
 Net Income $ 1,914(A) $ 237
 Average Shares Outstanding 8,771 8,768
 Earnings Per Share $ .22(A) $ .03
 (A) -- Includes a gain from the sale of real estate of approximately $1.6 million, or $.19 per share.
 -0- 9/14/93
 /CONTACT: Diane Allen of Burnup & Sims, 305-587-4512/
 (BSIM)


CO: Burnup & Sims Inc. ST: Florida IN: TLS SU: ERN

RC-AW -- FL008 -- 1905 09/14/93 16:14 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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