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FOXMOOR INCREASED SALES AND NET INCOME

 DENVER, Nov. 9 /PRNewswire/ -- Foxmoor Industries Ltd. (NASDAQ: FOXI) today announced unaudited results of operations for the quarter ended Sept. 30, 1993. Contract assignment sales were $4.2 million versus $1.8 million. Total revenue was $107,000 versus $76,000. Net income was $75,000 versus $61,000 an increase of 23 percent.
 Foxmoor president, W. Ross C. Corace, said that "business continues to be brisk. The company will not feel the full extent of its potential earnings increases (based on the previously announced increases in working capital) until the next full quarter. In addition, we are proud to announce Foxmoor's first research report which was just written by Kenneth S. Friedman Ph.D. of Nonlinear Resource, an independent financial advisory and money management firm."
 FOXMOOR INDUSTRIES LTD.
 (Unaudited Results of Operations -- In Thousands)
 Three Months Ended
 Sept. 30,
 1993 1992
 Contract Assignment sales $4,200 $1,800
 Revenues 92 66
 Interest income 15 10
 Consulting income --- ---
 Total revenue 107 76
 Operating expenses 32 15
 Net income 75 61
 Net income per share $0.07 $0.06
 Average weighted
 shares outstanding 1,148 1,027
 Foxmoor Industries is engaged in the financial services industry specifically financing work-in-progress for the home improvement industry to established contractors and dealers.
 -0- 11/9/93
 /CONTACT: John Lefebvre of Shareholder Relations, 303-457-2852/
 (FOXI)


CO: Foxmoor Industries Ltd. ST: Colorado IN: SU: ERN

BB -- DV006 -- 2086 11/09/93 09:03 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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