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FRONTEER DIRECTORY RELEASES SECOND QUARTER RESULTS

 BISMARCK, N.D., May 19 /PRNewswire/ -- Fronteer Directory Co. Inc. (NASDAQ: FDIR) today released its financial results for the three and six months ended March 31, 1993. Net income for the three- month period increased by $43,197 to $24,870, an increase of 236 percent over last year's loss of $18,327. The net loss for the six months ended March 31, 1993, increased by $14,880 to $79,588. This is a 23 percent change compared to a loss of $64,708 from the same six-month period for 1992.
 Revenues for the three months were also down slightly to $2,476,976 from $2,600,493 in 1992, a decrease of 4.74 percent, while revenues for the six months were $4,033,350 in 1993, down from 1992 sales of $4,165,332.
 Fronteer Directory President and Chief Executive Officer Dennis Olson, commented that the most recent results do not accurately reflect the fundamental shift taking place in the company during the last 12 to 18 months. "Revenues in our largest directories have made solid gains year-to-year, which have not been reflected by the quarterly numbers because of initial expenses related to the introduction of multicolored Yellow Page ads and full distribution of our extremely popular mini directories. The company will not be taking on any new acquisitions that require improvements, thereby reducing costs involved with revamping a directory, as was the case in our Idaho Falls acquisition. First-year losses in this directory accounted for much of the red ink in 1992, but so far this year sales are up dramatically."
 From an operating standpoint, the company reported that cost of sales, interest expenses and bad debts all decreased in both the three- and six-months periods ended March 31, 1993.
 FRONTEER DIRECTORY CO. INC.
 Statement of Operations
 Three months ended Six months ended
 March 31, March 31,
 1993 1992 1993 1992
 Net revenue $2,476,976 $2,600,493 $4,033,350 $4,165,332
 Net income 24,870 (18,327) (79,588) (64,708)
 Net income per share .00 (.01) (.02) (.02)
 Weighted average
 shares
 outstanding 5,126,090 3,554,964 5,125,788 3,553,770
 -0- 5/19/93
 /CONTACT: Max Ramras, Paul Beeson or Kam Stevens of Registered Communications Group, 602-998-7555 or (fax) 602-998-8804, for Fronteer Directory/
 (FDIR)


CO: Fronteer Directory Co. Inc. ST: North Dakota IN: PUB SU: ERN

JL-JB -- LA033 -- 0486 05/19/93 17:11 EDT
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Publication:PR Newswire
Date:May 19, 1993
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