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DATATRONIX FINANCIAL SERVICES REPORTS THIRD QUARTER AND NINE MONTH NET INCOME

 DATATRONIX FINANCIAL SERVICES REPORTS
 THIRD QUARTER AND NINE MONTH NET INCOME
 SAN DIEGO, Oct. 29 /PRNewswire/ -- Datatronix Financial Services (OTC) today announced net earnings of $2,000, or $.01 per share, in the third quarter of 1992, compared with a net loss of $72,000, or $.19 per share, in the third quarter of last year.
 Revenues for the third quarter were $2.598 million, up 2 percent over the $2.541 million reported in the same quarter last year.
 Earnings for the first nine months of the year were $20,000, or $.05 per share, compared with a nine-month 1991 loss of $61,000, or $.16 a share.
 Nine-month revenues were $7.647 million, compared with revenues of $7.983 million for the first nine months of 1991.
 Michael Trefero, Datatronix president, said, "Since the revenue decline and losses of mid-1991, this is the fourth consecutive quarter in which we have reported earnings. Year-to-date earnings are $81,000 ahead of last year, and in the third quarter alone we managed an earnings turnaround of $74,000, compared with last year's third quarter."
 Trefero also noted the company's continued progress in controlling expenses. Total expenses for the third quarter of 1992 were $2.595 million, 2.5 percent below the $2.663 million in expenses reported in the third quarter of 1991.
 Year-to-date expenses through September 1992 were $7.613 million, a reduction of 5.8 percent from nine-month 1991 expenses of $8.086 million.
 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- 10/29/92
 /CONTACT: Dan Peoples of Peoples & Co., 619-552-1456, for Datatronix/ CO: Datatronix Financial Services ST: California IN: FIN SU: ERN


LS-KJ -- SD001 -- 6525 10/29/92 11:15 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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