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CAPITAL ASSOCIATES REPORTS PROFIT FOR FIRST QUARTER FISCAL 1993

CAPITAL ASSOCIATES REPORTS PROFIT FOR FIRST QUARTER FISCAL 1993
    LAKEWOOD, Colo., Sept. 30 /PRNewswire/ -- Capital Associates, Inc. (NASDAQ-NMS: CAII), an asset management and financial services company, announced a profit of $.03 per share for its fiscal 1993 first quarter ended Auge results:
                      August 31,           May 31,           August 31,
                         1992               1992               1991
                      (Current             (Last             (Year Ago
                    Fiscal Quarter)    Fiscal Quarter)   Fiscal Quarter)
    Revenues          $31,018,000        $34,480,000        $44,433,000
    Net Income
     (Loss)               268,000         (2,058,000)        (3,886,000)
    Income (Loss)
     Per Share                .03               (.23)              (.44)
    Dennis Lacey, President and Chief Executive Officer of Capital Associates, Inc., stated that, "We are pleased that our efforts to position the Company to operate profitably have been successful.  The fiscal 1993 first quarter's results reflect the Company's focus on customer service, remarketing and cost control.  We've now opened four sales offices, opened a warehouse in Denver to enhance our remarketing efforts, and are selling units in a new Company-sponsored public income fund, Capital Preferred Yield Fund II, L.P."
    Capital Associates, Inc., is principally engaged in (1) buying, selling, leasing and remarketing new and used equipment, (2) managing equipment on and off-lease, (3) sponsoring, co-sponsoring, managing and co-managing publicly-registered income funds and (4) arranging equipment-related financing.
    -0-             09/30/92
    CONTACT:  Corporate Communications of Capital Associates, 303-980-1000
    (CAII) CO:  CAPITAL ASSOCIATES, INC. IN:  FIN SU:  ERN ST:  CO -- DV008 -- X566  09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
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