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EV ENVIRONMENTAL REPORTS SECOND QUARTER RESULTS

 WESTON, Conn., Aug. 18 /PRNewswire/ -- EV Environmental, Inc. (NASDAQ Small Cap: EVEN) reported today the results of operations for its second quarter of 1993. The company reported a profit of $162,000 ($.07 per share) for the current quarter compared to a loss of $6,000 ($.00 per share) for the second quarter of 1992. Sales were $3,734,000 in the current quarter compared to $1,352,000 for the second quarter of 1992. For the six months ended June 30, sales were $4,879,000 this year compared to $3,791,000 last year, with a loss this year of $286,000 ($.14 per share) compared to a profit of $127,000 ($.09 per share) last year.
 Michael Cox, president of the company, stated, "Our second quarter was encouraging as our operations improved from our first quarter. Our proposal activity for new projects continues at a very high level, although we are seeing some indecision in the market about initiating new projects, as the economic recovery limps along and the current administration has not yet made its environmental agenda clear."
 Current year results include the operations of Pollution Control Engineering, Inc. ("PCE"), which was acquired at the end of February 1993, for the period since acquisition. Pro forma results including PCE for the full comparable six month periods were a loss of $434,000 ($.21 per share) in the current six months compared to earnings of $202,000 ($.13 per share) for the first half of 1992 on sales of $5,041,000 in the current period compared to $6,498,000 for the first quarter of 1992. PCE was completing a $5.5 million contract in 1992 which has not been duplicated this year.
 EV Environmental provides waste water treatment systems and products for industrial and governmental waste generators.
 EV ENVIRONMENTAL, INC.
 Summary Operating Results for the Quarter
 and Six Months Ended June 30, 1993
 ProForma(A)
 Quarter ended June 30 1993 1992 1993 1992
 Revenues $3,743,000 $1,916,000 $3,743,000 $1,916,000
 Net earnings/(loss) 162,000 (162,000) 162,000 (162,000)
 Net earnings/(loss)
 per share .07 (.11) .07 (.11)
 Shares outstanding 2,263,000 1,418,000 2,263,000 1,418,000
 ProForma(A)
 Six months ended June 30 1993 1992 1993 1992
 Revenues $4,879,000 $3,791,000 $5,041,000 $6,498,000
 Net earnings/(loss) (286,000) 127,000 (434,000) 202,000
 Net earnings/(loss)
 per share (.14) .09 (.21) .13
 Shares outstanding 2,059,000 1,394,000 2,108,000 1,539,000
 (A) Includes the results of Pollution Control Engineering as if acquired on Jan. 1, 1992.
 -0- 8/18/93
 /CONTACT: Michael Cox, president, 203-454-1019, or Charles McFarland, 606-282-2200, both of EV Environmental, Inc./
 (EVEN)


CO: EV Environmental, Inc. ST: Connecticut IN: SU: ERN

WB-OS -- NY051 -- 3994 08/18/93 15:08 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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