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CRUISE AMERICA ANNOUNCES RESULTS

 CRUISE AMERICA ANNOUNCES RESULTS
 MIAMI, March 10 /PRNewswire/ -- Cruise America, Inc. (AMEX: RVR)


today announced revenues of $9,772,000 for the third quarter ended Jan. 31, 1992, a slight decline from the $10,478,000 for the same period a year ago. Revenues for the nine months ended Jan. 31, 1992 were $59,573,000, a 2 percent decrease from $60,827,000 a year earlier.
 Rental revenue for the quarter increased 3 percent to $4,406,000 from $4,271,000 a year ago as a result of an increase in rental rates, offset in part by a decrease in revenue days. Rental revenue for the nine months ended Jan. 31, 1992 was $39,899,000, up 6 percent over the $37,674,000 a year earlier.
 Rental vehicle sales continued to be hindered by the recession in North America. Rental vehicle sales for the quarter declined to $2,895,000 from $4,949,000 a year ago. Rental vehicle sales for the nine month period ended Jan. 31, 1992 were $10,967,000 compared to $18,258,000 in 1991.
 Sales and service for the quarter was $2,471,000, up from $1,258,000 a year earlier as the company increased the number of locations selling new vehicles from two in 1991 to 20 in 1992. Sales and service for the nine months was $8,707,000, up from $4,895,000 in 1991.
 The company announced a seasonal loss excluding unusual items of $3,052,000 or $.55 per share for the quarter ended Jan. 31, 1992, compared to a loss excluding unusual items of $3,674,000 or $.67 per share for the same period in 1991. The company announced a net loss after unusual items of $3,052,000 or $.55 per share for the quarter ended Jan. 31, 1992, compared to a net loss after unusual items of $253,000 or $.05 per share a year earlier. The unusual item, a reversal of a lawsuit, had the effect of decreasing the 1991 net loss by $3,421,000 or $.62 per share.
 The company also announced earnings before unusual items for the nine months ended Jan. 31, 1992 of $2,308,000 or $.42 per share compared to earnings before unusual items of $2,847,000 or $.52 per share. The company announced net earnings after unusual items of $2,308,000 or $.42 per share for the nine months ended Jan. 31, 1992, compared to net earnings after unusual items of $6,122,000 or $1.11 per share in 1991. The effect of the unusual item in 1991 was to increase net earnings by $3,275,000 or $.59 per share.
 Commenting on the company's third quarter results, Robert A. Smalley, chairman, stated, "We have strived to maintain earnings growth during a troubling time for the economy in North America. Exclusive of the lawsuit reversal last year, our pretax earnings are up over $600,000 year to date. New products being offered both for sale and rent will help increase the earnings power of the company in the months and years to come."
 The company's business is seasonal. In the first and second fiscal quarters, the company historically records profits. In the third and fourth fiscal quarters, the company historically records losses.
 Cruise America, Inc. is the largest company in North America specializing in the rental and sale of recreational vehicles.
 CRUISE AMERICA, INC.
 FINANCIAL AND OPERATING HIGHLIGHTS
 JAN. 31, 1992
 THREE MONTHS ENDED
 01/31/92 01/31/91
 Total Revenue $ 9,772,000 $ 10,478,000
 Net Earnings (Loss) Excluding
 Unusual Items $(3,052,000) (3,674,000)
 Earnings (Loss) Per Share
 Excluding Unusual Items (.55) (.67)
 Unusual Item -- Net of Taxes -- 3,421,000
 Effect of Unusual Item on
 Earnings (Loss) Per Share -- .62
 Net Earnings (Loss) (3,052,000) (253,000)
 Earnings (Loss) Per Share $ (.55) $ (.05)
 Average Rental Fleet 3,057 2,992
 Revenue Days 52,855 59,316
 NINE MONTHS ENDED
 01/31/92 01/31/91
 Total Revenue $59,573,000 $ 60,827,000
 Net Earnings Excluding
 Unusual Items $ 2,308,000 2,847,000
 Earnings Per Share
 Excluding Unusual Items .42 .52
 Unusual Item -- Net of Taxes -- 3,275,000
 Effect of Unusual Item on
 Earnings (Loss) Per Share -- .59
 Net Earnings 2,308,000 6,122,000
 Earnings Per Share $ .42 $ 1.11
 Average Rental Fleet 3,270 3,171
 Revenue Days 414,684 384,843
 -0- 3/10/92
 /CONTACT: Eric R. Bensen, vice president-finance of Cruise America, 305-262-9611/
 (RVR) CO: Cruise America, Inc. ST: Florida IN: LEI SU: ERN


JJ-AW -- FL003 -- 6776 03/10/92 10:13 EST
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Date:Mar 10, 1992
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