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FISHER BUSINESS SYSTEMS, INC. ANNOUNCES THIRD QUARTER RESULTS

 ATLANTA, Dec. 16 /PRNewswire/ -- Fisher Business Systems, Inc. (OTC Bulletin Board: FBUSD) dba Fisher Restaurant Systems, announced its financial results for the third quarter and nine months ended Oct. 31.
 Revenues for the quarter were $823,843, as compared to $1,028,780 for the same period last year. The loss for the quarter was $268,979 or $.05 per share as compared to a loss of $617,047 or $.12 per share for the third quarter of last year. Revenues for the nine-month period ending Oct. 31 were $6,675,655 as compared to $4,170,095 for the same period last year, and the profit for the nine-month period was $76,960 or $.01 per share, as compared to a loss of $1,440,368 or $.29 per share for the same period last year.
 Larry Fisher, president of the company, said: "We completed the rollout of systems at Denny's, Inc., in September 1992, for a total installation of 1,100 systems. We expect some additional orders for systems for new openings of Denny's company-owned stores and franchised stores. Several Denny's franchisees are considering our new Touch Screen System for their operations, and the new system has been placed in pilot programs with several multi-location restaurant organizations. We remain excited about both the prospects for our second generation product and our pending merger."
 The company recently announced its intent to merge its operations with Transaction Technology Corporation, a South Carolina-based provider of fast food systems and hardware maintenance for the fast food and convenience store industries. Negotiations are in progress for that merger. In addition, the company recently announced that its stockholders had approved a 1-for-5 reverse split of its common stock in a move designed to reduce the total number of shares outstanding and increase the bid price per share. As a result of this action, the company estimates that on Dec. 1, there were 1,191,357 shares issued and outstanding. The exact number will be determined as fractional shares are settled.
 The company produces and markets computer-based Point of Sale and Restaurant Management Systems which operate on the IBM Personal System/2 family of business computers. These systems are sold primarily to multi-store restaurant operators. For more information, contact Johnnie Engesser, vice president of Finance and Administration, at 404-578-1771, or write Fisher Restaurant Systems, 3939 Roswell Road, Suite 300, Marietta, GA 30062.
 3 mos. ended Oct. 31 1992 1991
 Total revenues $ 823,843 $1,028,780
 Net income (loss) (268,979) (617,047)
 Net income (loss) per share (.05) (.12)
 9 mos. ended Oct. 31 1992 1991
 Total revenues $6,675,655 $4,170,095
 Net income (loss) 76,960 (1,440,368)
 Net income (loss) per share .01 (.29)
 -0- 12/16/92
 /CONTACT: Johnnie Engesser, vice president of Finance and Administration of Fisher Business Systems, 404-578-1771 or, fax, 404-565-8516/
 (FBUSD)


CO: Fisher Business Systems, Inc. ST: Georgia IN: CPR SU: ERN

BN-BR -- AT006 -- 7815 12/16/92 14:50 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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