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INTER-ACTIVE SERVICES REPORTS NINE MONTHS RESULTS; OPERATING INCOME REACHES $448,399

 INTER-ACTIVE SERVICES REPORTS NINE MONTHS RESULTS;
 OPERATING INCOME REACHES $448,399
 WALLED LAKE, Mich., May 21 /PRNewswire/ -- Inter-active Services Inc. (OTC Bulletin Board: ITAS), offering complete security management programs for residences and businesses in Florida and Michigan, today reported strong gains in revenues and operating income for the nine months ended March 31, 1992.
 Revenues from installation, maintenance and monitoring rose 103 percent to $2,586,626 from $1,271,598 for the comparable period last year. Operating income reached $448,399 versus an operating loss of $82,854 for the initial nine months of fiscal 1991. After net interest expenses, the company had a net loss of $70,943 or one cent per share for the current year's period compared to a net loss of $494,942 or 13 cents per share for the prior year's nine months.
 "The dramatic gains reflect our aggressive expansion activities and increased operating efficiencies," Sanford Siporin, president and chief executive officer, said. "During the third quarter, we acquired the monitoring and service contracts of a Ft. Lauderdale firm which will generate annual recurring revenues of about $300,000, increasing to $1,068,000 the total of Inter-Active's annual recurring revenues in Florida. This year, we achieved coast-to-coast coverage in Florida and now have a backlog of 3,500 installations in the state, to be installed during the next three to five years," he added.
 "Earlier this year we established a residential direct sales unit in Michigan, exclusively offering a popular AT&T product. Initial response has been very encouraging," Siporin concluded.
 Inter-Active's complete security management program includes fire, medical emergency, intrusion, temperature and sump pump monitoring to multi-family, residential, industrial, commercial and office buildings. The company utilizes telephone lines to monitor all locations serviced from its alarm response center in Walled Lake, Mich.
 INTER-ACTIVE SERVICES, INC.
 Financial Highlights
 (Unaudited)
 Nine months ended March 31 1992 1991
 Revenues $2,586,626 $1,271,598
 Income (loss) from operations 448,399 (82,854)
 Net (loss) (70,943) (494,942)
 Net (loss) per share ($.01) ($.13)
 Average shares outstanding 4,970,655 3,820,000
 -0- 5/21/92
 /CONTACT: Sanford Siporin of Inter-Active Services, 313-669-2206/
 (ITAS) CO: Inter-Active Services Inc. ST: Michigan IN: SU: ERN


TQ-SM -- NY030 -- 2758 05/21/92 11:05 EDT
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Publication:PR Newswire
Date:May 21, 1992
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