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IDB COMMUNICATIONS REPORTS RECORD THIRD QUARTER RESULTS

 IDB COMMUNICATIONS REPORTS RECORD THIRD QUARTER RESULTS
 LOS ANGELES, Nov. 10 /PRNewswire/ -- IDB Communications Group Inc.


(NASDAQ-NMS: IDBX) reported record results for the third quarter and for the nine months ended Sept. 30, 1992.
 Revenue for the third quarter set a new record at $42,697,000, up 61 percent from 1991 third quarter revenue of $26,456,000. Net income also set a record at $2,625,000, or 23 cents per share. Net income in the third quarter of 1991 was $805,000, or 10 cents per share. Weighted average common shares outstanding for the quarter ended Sept. 30, 1992, were 11,656,000 compared to 7,717,000 last year.
 For the nine months ended Sept. 30 1992, revenue increased 39 percent to $108,009,000, for $77,749,000 for the nine months ended Sept. 30, 1991. Net income rose to $5,862,000 or 53 cents per share, versus $2,271,000, or 30 cents per share, for the same period a year ago.
 Jeffrey P. Sudikoff, chairman and chief executive officer of IDB, stated, "During the third quarter, we positioned IDB for the consolidation of our acquisition of World Communications Inc. which will be finalized by year end. The quarter also saw IDB successfully provide extensive services for both 1992 Political Conventions, initiate digital transmission services for the U.S. State Department to new U.S Embassies in the Baltic States and the Ukraine and announce a new joint service through our IDB Mobile unit with MEDphone Corp. offering lifesaving, satellite-delivered emergency cardiac treatment worldwide."
 Edward R. Cheramy, president of IDB, stated, "Our strong results in the third quarter reflect the continued growth of our international switched voice services to Russia and strong growth in our satellite systems design and integration business."
 IDB Communications Group Inc. operates a domestic and international communications network which provides its customers with radio and television transmission services, international private-line telephone, facsimile and data connections, mobile satellite communications capabilities and international public-switched long distance telephone services.
 IDB COMMUNICATIONS GROUP INC.
 Operating Results
 For the Three Months For the Nine Months
 Ended Sept. 30, Ended Sept. 30,
 1992 1991 1992 1991
 Revenues:
 Transmission
 Services $34,126,000 $24,184,000 $91,347,000 $71,557,000
 Systems
 Integration
 and other
 income 8,571,000 2,272,000 16,662,000 6,192,000
 Total revenues 42,697,000 26,456,000 108,009,000 77,749,000
 Costs and
 Expenses:
 Cost of sales 27,684,000 16,787,000 69,659,000 48,657,000
 Selling,
 general and
 administrative4,885,000 3,540,000 14,309,000 10,698,000
 Depreciation 2,743,000 1,961,000 6,739,000 5,610,000
 Amortization 837,000 753,000 2,438,000 2,241,000
 Total costs
 and expenses 36,149,000 23,041,000 93,145,000 67,206,000
 Operating
 income 6,548,000 3,415,000 14,864,000 10,543,000
 Interest, net 2,132,000 2,095,000 5,104,000 6,827,000
 Income before
 minority
 interest
 and income
 taxes 4,416,000 1,320,000 9,760,000 3,716,000
 Minority interest (14,000) --- 202,000 ---
 Income before income
 taxes 4,402,000 1,320,000 9,962,000 3,716,000
 Provision for
 income taxes 1,777,000 515,000 4,100,000 1,445,000
 Net income $2,625,000 $ 805,000 $5,862,000 $2,271,000
 Earnings per
 share $ 0.23 $ 0.10 $ 0.53 $ 0.30
 Weighted average
 common shares
 outstanding 11,565,000 7,717,000 11,151,000 7,540,000
 -0- 11/10/92
 /CONTACT: Michael Teeling of IDB Communications Group, 213-240-3758; or Ken Dennard, 415-296-7383, or Miriam Adler, 212-986-5900, both of Morgen-Walke Associates for IDB Communications Group/
 (IDBX) CO: IDB Communications Group ST: California IN: TLS SU: ERN


SA-GT -- SF003 -- 9008 11/10/92 06:31 EST
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Date:Nov 10, 1992
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