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DATEQ INFORMATION NETWORK REPORTS RESULTS FOR 1992 FIRST QUARTER

 DATEQ INFORMATION NETWORK REPORTS RESULTS FOR 1992 FIRST QUARTER
 NORCROSS, Ga., April 28 /PRNewswire/ -- Dateq Information Network, Inc. (NASDAQ: DATQ), today announced revenues for the first quarter ended March 31, 1992, of $14,440,000, compared to $14,275,000 in the 1991 period. The company reported a net loss of $128,000, or 4 cents per share, for the 1992 first quarter, compared with net income of $292,000, or 11 cents per share, a year earlier.
 Robert L. Stanley, president and chief executive officer, said the first quarter loss was due primarily to a delay in the start-up of a six-month policy renewal program in California. Last year this program began in January and concluded in June. In 1992, the company anticipates the program will start in May and end in October. In addition, several customers changed their delivery requirements for motor vehicle reports (MVRs) from higher margin to lower margin systems.
 In the 1991 first quarter there was a net income benefit of $114,000, or 4 cents per share, from the use of net operating loss carryforwards.
 Headquartered in Norcross, DATEQ Information Network, Inc., provides information for use in support of the underwriting activities of automobile insurance companies. Through its centralized information network, DATEQ provides automobile insurers with motor vehicle reports, licensed driver reports and registered vehicle reports on applicants.
 DATEQ INFORMATION NETWORK, INC.
 Comparative Financial Analysis
 (In thousands except per share data)
 Three months ended March 31 1992 1991
 Revenues $14,440 $14,275
 Costs and expenses:
 State access fees 13,480 12,722
 Selling, general and administrative exps. 1,126 1,239
 Total costs and expenses 14,606 13,961
 Income (loss) from operations (166) 314
 Other income (expense):
 Interest expense (21) (37)
 Interest income 55 2
 Other 4 13
 Total other income (expense) 38 (22)
 Income (loss) before income taxes
 and extraordinary item (128) 292
 Provision in lieu of income taxes -- 114
 Incoome (loss) before extraordinary item (128) 178
 Extraordinary item-benefit from use of
 net operating loss carryforwards -- 114
 Net income (loss) (128) 292
 Net income (loss) attributable to
 common shares $ (128) $ 280
 Net income (loss) per common share:
 Income (loss) before extraordinary item $(.04) $.07
 Extraordinary item -- .04
 Net income (loss) $(.04) $.11
 Weighted average number of common and
 common equivalent shares outstanding 3,307 2,679
 -0- 4/28/92
 /CONTACT: Robert L. Stanley, president of Dateq Information Network, 404-446-8282/
 (DATQ) CO: Dateq Information Network, Inc. ST: Georgia IN: PUB SU: ERN


GK-HM -- NY116 -- 3956 04/28/92 15:32 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
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