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EIF HOLDINGS INC. 'ENVIRONMENT IS FIRST' (EIFH) ANNOUNCES 1992 YEAR-END AUDITED FINANCIAL FIGURES

 HONOLULU, May 6 /PRNewswire/ -- Grant Kidani, chief operating officer of EIF Holdings Inc. (EIFH) today announced the year-end financial figures for 1992. Revenues for year-end Dec. 31, 1992 were $21,064,790. Gross profit for the company was $7,066,785, earnings before interest, depreciation and income tax of $1,145,751 and a net income of $119,993.
 The company has undergone many changes since going public last December and reports the transformation to public status is complete. EIF Holdings expects record revenues for the first quarter of 1993 and will release their quarterly report by May 10, 1993.
 EIF Holdings Inc. is an environmental health, safety and construction company specializing in asbestos and lead paint abatement as well as soil remediation. EIF is dedicated to sound and profitable growth through expansion and acquisition. The company's goal is to maximize returns for its shareholders while providing an invaluable service for the world.
 -0- 5/6/93
 /CONTACT: Financial Telesis Investor Relations, 808-595-0721/


CO: EIF Holdings ST: Hawaii IN: ENV SU: ERN

MS-EH -- LA016 -- 5360 05/06/93 11:07 EDT
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Publication:PR Newswire
Date:May 6, 1993
Words:181
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