CHECK EXPRESS ANNOUNCES FIRST QUARTER RESULTS
CHECK EXPRESS ANNOUNCES FIRST QUARTER RESULTS TAMPA, Fla., May 14 /PRNewswire/ -- Check Express, Inc.
(NASDAQ: CHXS), owner, operator and franchisor of retail check cashing centers, today announced results for the quarter ended March 31.
Total revenues for first quarter 1992 increased 32 percent to $1,356,550 from $1,026,750 in first quarter 1991. Net earnings for the period increased to $113,970 ($.021 per share) as compared to $61,176 ($.011 per share) in 1991. Larry F. Lang, chief executive officer, stated: "Revenues increased as a result of increases in like stores (12 percent), franchise fees (20 percent), and the addition of four stores. Our franchise program continues to grow, with 32 opened and 78 sold at March 31, 1992, and should continue to contribute increasing revenues and profits." Check Express currently operates 55 company and franchised retail money centers which provide check cashing, money orders, money transfers and related services. -0- 5/14/92 /CONTACT: Larry Lang of Check Express, 813-289-2888/ (CHXS) CO: Check Express, Inc. ST: Florida IN: REA SU: ERN
BN-EA -- AT004 -- 0078 05/14/92 09:47 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||May 14, 1992|
|Previous Article:||BURTON GROUP NAMES EXECUTIVE DIRECTORS|
|Next Article:||AMERICANS SPENDING MORE VACATION TIME TOGETHER; AMERICAN EXPRESS TRAVELERS CHEQUES FOR TWO/GALLUP POLL FINDS MAJOR SHIFT|