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FOXMOOR REPORTS NET INCOME OF 6 CENTS PER SHARE IN SECOND QUARTER

 DENVER, Feb. 10 /PRNewswire/ -- Foxmoor Industries Ltd. (NASDAQ: FOXI) today announced unaudited results of operation for the second quarter ended Dec. 31, 1992. Net income for the 6-month period of $123,000 was ahead of the $117,000 reported for the like period a year earlier. Management was pleased with results as they included a comparison with an unusually large second quarter which ended Dec. 31, 1991.
 Foxmoor president, Ross Corace, said that he was very pleased that the company was again growing vigorously. Foxmoor picked up 5 new client contractors and $225,000 of new capital, from warrant exercises, in the past few weeks. The new clients and capital are the needed fuel to fire-up Foxmoor's earnings growth. We expect to see each quarter set new records for contract assignment sales and net income with commensurate increases in earnings per share.
 FOXMOOR INDUSTRIES LTD.
 (Unaudited Results of Operations)
 In Thousands Except for Per Share Data
 Three Months Ended Six Months Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 147
 Interest income 12 5 22 13
 Investment income --- --- 0 8
 Total revenue 80 109 156 168
 Operating expenses 18 28 33 51
 Net income 62 81 123 117
 Net income per share $.06 $.08 $.13 $.12
 Weighted average
 shares outstanding 1,039,350 977,350 1,039,350 977,350
 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- 2/10/93
 /CONTACT: John Lefebvre of Shareholder Relations, 303-457-2852, for Foxmoor Industries/
 (FOXI)


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

MC -- DV001 -- 5112 02/10/93 11:32 EST
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Date:Feb 10, 1993
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