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FLORAFAX INTERNATIONAL REPORTS RESULTS

 TULSA, Okla., Jan. 21 /PRNewswire/ -- Florafax International, Inc., (NASDAQ: FIIF) reported a consolidated net loss of $2,317,000 ($.45 per share) on net revenues of $7,041,000 for the year ended Aug. 31, 1992 compared to consolidated net income of $5,000 ($.00 per share) on net revenues of $7,980,000 for the same period in 1991.
 Andrew W. Williams, Florafax chairman, commenting on the 1992 results, stated "We are very disappointed in the loss the company sustained in 1992. Management has resolved to refocus the company on our basic core business and to continue to provide high service levels to our clients while eliminating all non-essential expenses. We are exploring various alternatives to return the company to a sound financial position."
 Florafax has scheduled its annual stockholders' meeting for the election of directors on Feb. 5, 1993 at the company's executive offices at 4175 South Memorial Drive, Tulsa, Okla. Shareholders of record on Jan. 5, 1993 are entitled to vote at the meeting. Nominees for director are T. Craig Benson, Solomon Oden Howell, Jr., Glenn R. Massey, William E. Mercer and Andrew W. William.
 Florafax is headquartered in Tulsa, Okla., and provides a nationwide floral wire service and related services to its member florists as well as full service credit card processing for thousands of U.S. businesses and professionals. Its common stock is traded over the counter on the NASDAQ symbol "FIIF".
 -0- 1/21/93
 /CONTACT: Ronald W. Fore of Florafax International, Inc., 918-624-2106/
 (FIIF)


CO: Florafax International, Inc. ST: Oklahoma IN: SU: ERN

LD-KW -- NY092 -- 7661 01/21/93 17:18 EST
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Date:Jan 21, 1993
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