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CAPITAL ASSOCIATES REPORTS SECOND CONSECUTIVE PROFITABLE QUARTER

 LAKEWOOD, Colo., Jan. 7 /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 second quarter ended November 30, 1992, the Company's second consecutive profitable quarter. The following table summarizes the results:
 November 30, August 31, November 30,
 1992 1992 1991
 (Current Fiscal (Last Fiscal (Year Ago Fiscal
 Quarter) Quarter) Quarter)
 Revenue $44,102,000 $31,018,000 $42,202,000
 Net Income (Loss) 259,000 268,000 (2,661,000)
 Income (Loss)
 Per Share .03 .03 (.30)
 Dennis Lacey, President and Chief Executive Officer of Capital Associates, Inc., stated that, "The Company is pleased that its efforts continue to be successful. We reported our second consecutive profitable quarter and have successfully renewed our principal credit facility on a long-term basis. Both of these events are significant milestones for us. We are optimistic that improvements in the national economy and favorable tax law changes will lead to a healthier leasing environment, improving the pace of our turnaround efforts."
 Capital Associates, Inc., and equipment leasing and asset management company, 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- 1/7/93
 /CONTACT: Corporate Communications of Capital Associates, 303-980-1000/
 (CAII)


CO: Capital Associates, Inc. ST: Colorado IN: FIN SU: ERN

MC -- DV006 -- 5597 01/07/93 17:16 EST
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Publication:PR Newswire
Date:Jan 7, 1993
Words:248
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