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DATATRONIX FINANCIAL SERVICES REPORTS 1991 RESULTS

 DATATRONIX FINANCIAL SERVICES REPORTS 1991 RESULTS
 SAN DIEGO, Jan. 28 /PRNewswire/ -- Datatronix Financial Services


(traded over-the-counter) today announced the company's 1991 results.
 Revenues for the year werempared with net earnings of $283,000, or $.74 per share, for 1990.
 Michael Trefero, president and chief executive officer, said, "Our stated objective when we became a public company in early 1990 was to grow Datatronix more rapidly. During the ensuing two-year period, we have added two new data centers, expanded into Northern California, and our revenues have increased 58 percent.
 "This growth was achieved at some cost in 1991 earnings. Last year's results were also affected by the recession and a loss of customers," he added. "This was due to acquisitions, mergers, regulatory takeovers and customers signing with competitors at price levels that were unacceptable for us.
 "Now that we have five well-located facilities in both Northern and Southern California, we are aggressively marketing our services in an effort to continue our growth, more fully utilize capacity, and improve profitability."
 In the fourth quarter of 1991, Datatronix reported revenues of $2,612,000 compared with $2,434,000 in the fourth quarter of 1990. Fourth quarter results included revenues from a short-term item processing project for a major national bank headquartered in California.
 Fourth quarter 1991 net income was $84,000, or $.22 per share, compared with net income of $74,000, or $.19 per share, in the same quarter of 1990.
 Datatronix Financial Services is a full-service back-office processor for financial institutions. Headquartered in San Diego, the company operates facilities in San Diego, Costa Mesa, Glendale, Riverside and San Leandro, Calif.
 -0- 1/28/92
 /CONTACT: Dan Peoples of Peoples & Co., 619-552-1456, for Datatronix/ CO: Datatronix Financial Services ST: California IN: FIN SU: ERN


CH-EH -- SD002 -- 4201 01/28/92 11:32 EST
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Date:Jan 28, 1992
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