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DATATRONIX FINANCIAL SERVICES REPORTS SECOND QUARTER AND FIRST HALF NET INCOME

 DATATRONIX FINANCIAL SERVICES REPORTS SECOND
 QUARTER AND FIRST HALF NET INCOME
 SAN DIEGO, July 21 /PRNewswire/ -- Datatronix Financial Services (traded Over-the-Counter) today announced net earnings of $2,000, or $.01 per share, in the second quarter of 1992, compared with a net loss of ($74,000), or ($.19) per share, in the second quarter of last year.
 Earnings for the first six months of the year were $18,000, or $.05 per share, compared with first half 1991 earnings of $11,000, or $.03 a share.
 Michael Trefero, Datatronix president, said, "We are particularly pleased to have achieved an earnings swing of $76,000, compared with last year's second quarter, and to have posted a profit for the third quarter in a row. While we have not completely overcome the effects of the loss of revenue in 1991, we have been successful in cutting costs and replacing a portion of the business lost last year to customer mergers, regulatory takeovers and competitive forces affecting the financial services industry."
 Trefero highlighted the company's expense control, noting that expenses for the second quarter of 1992 of $2.53 million were 9.7 percent less than the $2.80 million in expenses in the second quarter of 1991.
 Expenses for the first six months of 1992 were $5.02 million, a reduction of 7.5 percent from first-half expenses of $5.42 million in 1991.
 "Our people have responded to the events o said Trefero. "These increased efficiencies will pay off handsomely as we continue to add customers."
 Total revenue for the quarter was $2.53 million, down from $2.67 million in the second quarter of 1991.
 Six-month revenues were $5.05 million, compared with revenues of $5.44 million in the first six months of 1991.
 "We have continued to rebuild our revenue base during the first six months of this year and remain optimistic about the remainder of 1992," he said.
 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- 7/21/92
 /CONTACT: Dan Peoples of Peoples & Co., 619-552-1456, for Datatronix/ CO: Datatronix Financial Services ST: California IN: SU: ERN


LS-KJ -- SD003 -- 1254 07/21/92 11:02 EDT
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Publication:PR Newswire
Date:Jul 21, 1992
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