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ENVIRONMENTAL SERVICES OF AMERICA ANNOUNCES SECOND QUARTER REVENUES AND EARNINGS

 ENVIRONMENTAL SERVICES OF AMERICA ANNOUNCES SECOND QUARTER REVENUES
 AND EARNINGS
 NEWARK, N.J., Aug. 4 /PRNewswire/ -- Environmental Services of America, Inc. (NASDAQ-NMS: ENSA), announced today that, for its second quarter ended June 30, 1992, net income decreased to $45,507 or $0.01 per share as compared to $451,536 or $0.11 per share reported in the second quarter of 1991. The net income results reflect a writeoff of approximately $75,000 relating to the expenses incurred in the merger attempt with Advance Ross Corporation.
 Revenues increased 12.2 percent to $5.88 million as compared to $5.24 million due primarily to the full quarter reporting of TRI-S, Inc.'s results, ENSA's most recent acquisition. For the six month period ended June 30, 1992, net income was $225,325 or $0.05 per share on revenues of approximately $10.9 million versus $803,389 or $0.20 per share on revenues of approximately $10.7 million in the comparable 1991 period.
 Jon Colin, ENSA's president, stated: "Revenues and operating profits were adversely affected in the first half of the year by generally weak economic conditions and operating profits were also further impacted by the expenses associated with acquisition activities. We are focusing on strengthening internally our core businesses and expect results in the third quarter to be significantly better than in the second quarter and, barring an unforeseen worsening of general economic conditions, also expect that trend to continue in the final quarter of the year."
 Environmental Services of America, Inc., is an integrated company providing hazardous waste management services, environmental remediation services, environmental consulting services, and air quality testing and monitoring services. The company owns and operates a Part B permitted treatment, storage and disposal (TSD) facility in Canastota, N.Y.
 -0- 8/4/92
 /CONTACT: Jon Colin, president of Environmental Services of America, 201-589-3850/
 (ENSA) CO: Environmental Services of America, Inc. ST: New Jersey IN: SU: ERN


GK-PS -- NY038 -- 6618 08/04/92 11:43 EDT
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Publication:PR Newswire
Date:Aug 4, 1992
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