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GZA GEOENVIRONMENTAL TECHNOLOGIES INC. REPORTS FIRST QUARTER FY'93 RESULTS

 GZA GEOENVIRONMENTAL TECHNOLOGIES INC. REPORTS
 FIRST QUARTER FY'93 RESULTS
 NEWTON UPPER FALLS, Mass., July 1 /PRNewswire/ -- GZA GeoEnvironmental Technologies, Inc. (NASDAQ: GZEA) today announced its results for the first quarter ended May 31, 1992. Net revenues for the first quarter of fiscal 1993 were $9.5 million, compared to $9.1 million last year. The company reported net income of $330,000 or 9 cents per share, up 17 percent from net income of $282,000 or 8 cents per share in the first quarter of last year. The company attributed this increase in net income primarily to higher volume and improved utilization rates in the company's consulting group.
 Commenting on the first quarter, John Ayres, executive vice president for business development of GZA GeoEnvironmental, Inc. stated "We are pleased to return to profitability. Our utilization rates are up and our backlog has improved. Last month we were selected by a Kiewit/Perini joint venture to enter into contracts for three major assignments on the central artery project in Boston. Negotiations on these contracts are in their final stages. When the contracts are signed, these projects should result in approximately $13 million of revenue for GZA's services in hazardous waste management, rock tiedown installation, and geotechnical instrumentation. In addition, we are beginning to see positive results from our marketing efforts targeted at the federally funded Department of Defense Environmental Restoration Projects. We were recently selected by the Rhode Island Air National Guard to provide environmental site assessments as well as tank design and tank replacement services. We have been awarded other major projects in a number of our offices during the past few months and, in general, work levels have picked up."
 GZA GeoEnvironmental Technologies, Inc. provides a wide spectrum of environmental consulting and remediation services and geotechnical services to private sector companies and public agencies. The common stock of GZA GeoEnvironmental Technologies, Inc. is listed on the National Market System of NASDAQ, symbol GZEA.
 GZA GEOENVIRONMENTAL TECHNOLOGIES, INC.
 Summary Financial Data
 (Unaudited, in thousands, except per share data)
 Three months ended May 31,
 1992 1991
 Net revenue $9,490 $9,141
 Income before income taxes $549 $455
 Net income $330 $282
 Net income per share 9 cents 8 cents
 Weighted average shares outstanding 3,714 3,714
 -0- 7/1/92
 /CONTACT: Kim Whelan of GZA GeoEnvironmental Technologies, 617-969-0700 ext.6357/
 (GZEA) CO: GZA GeoEnvironmental Technologies, Inc. ST: Massachusetts IN: SU: ERN


TM -- NE004 -- 5482 07/01/92 08:08 EDT
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Date:Jul 1, 1992
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