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FEDERAL RESOURCES CORPORATION ANNOUNCES 1992 OPERATING RESULTS

 NEW YORK, April 1 /PRNewswire/ -- Federal Resources Corporation (OTC) today announced a consolidated net loss for the year ended Dec. 31, 1992 of $1,565,000. This compares with a loss during 1991 of $1,465,000 and a loss in 1990 of $1,034,000.
 Scott A. Butters, president of Federal, stated, "The increase in Federal's net loss in 1992 resulted from higher legal expenses applicable to litigation in which the company is involved. Ongoing litigation stems from the Kenyon Home Furnishings fraud, as well as from the disposition of the company's minority interest in King Louie Enterprises."
 Federal currently owns several natural resource properties, including the Camp Bird mine in Colorado and an interest in the Lordsburg Mining Company Joint Venture operating near Lordsburg, N.M.
 FEDERAL RESOURCES CORPORATION AND SUBSIDIARIES
 Selected Financial Data
 Years ended Dec. 31 1992 1991 1990
 Revenue $30,000 $ 11,000 $ 4,000
 Net income (loss) (1,565,000) (1,465,000 (1,034,000)
 Net income (loss) per share (.04) (.04) (.03)
 Total assets 3,841,000 3,786,000 3,927,000
 Long-term obligations 2,743,000 2,795,000 1,980,000
 Net stockholders' equity
 (deficit) (2,820,000) (1,235,000) 232,000
 -0- 4/1/93
 /CONTACT: Scott A. Butters or John W. Losse Jr., of Federal Resources Corporation, 801-355-7260/


CO: Federal Resources Corporation ST: Utah IN: MNG SU: ERN

AH-OS -- NY057 -- 2184 04/01/93 16:00 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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