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INTERMARK ANNOUNCES THIRD QUARTER RESULTS

 INTERMARK ANNOUNCES THIRD QUARTER RESULTS
 LA JOLLA, Calif., Feb. 14 /PRNewswire/ -- Intermark Inc. (AMEX: IMI)


today reported results of operations for its third fiscal quarter ended Dec. 31, 1991. The company reported a net loss of $13.5 million, or $.77 per share, compared to a loss of $17.5 million, or $.99 per share, in the prior year. Revenues for the quarter amounted to $73.8 million, compared to $86.6 million in the prior year. The revenue decline was due principally to the closure in January 1991 of 19 retail outlets of Liquor Barn, Intermark's 67 percent owned subsidiary, and declines in revenues at National Airmotive Corp. and Western Metal Lath.
 Intermark sustained a loss from continuing operations for the quarter ended Dec. 31, 1991, of $10.5 million, or $.60 per share, compared to $16.3 million, or $.92 per share, in the same period a year earlier. The improved results are primarily due to better margins and reduced administrative expenses at LiquorBarn, reduced corporate interest expense and an increase in the income tax benefit. Partially offsetting these improvements was the company's 26 percent share of the $3.4 million quarterly loss at Fuqua Industries Inc. (NYSE: FQA).
 For the nine months ended Dec. 31, 1991, revenues declined 21 percent to $211.3 million from $267.6 million last year, and the company sustained a net loss of $28.4 million, or $1.61 per share, compared to a loss of $33.6 million, or $2.59 per share, in the prior year. The per share results are affected by the issuance of 8,581,000 new Intermark shares in connection with the Aug. 30, 1990, merger with Triton Group Ltd.
 Commenting on the results, John C. Stiska, Intermark's president, stated, "Although fully expected, we are disappointed in reporting a sizeable quarterly loss. The lower interest expense from last year is a result of reducing our bank debt. Our major challenge remains in the servicing and reduction of our subordinated debt."
 Intermark is an operating/holding company whose business is to acquire a controlling interest in, operate through and add value to well-established, successful, mid-sized American growth companies in broadly diverse industries.
 INTERMARK INC.
 CONSOLIDATED OPERATING HIGHLIGHTS
 (In thousands except per share data)
 Three months Nine months
 ended Dec. 31, ended Dec. 31,
 1991 1990 1991 1990
 Revenues $73,762 $86,572 $211,348 $267,569
 Cost of sales 59,853 69,531 171,531 217,479
 Selling and
 administrative
 expenses 18,377 23,133 56,361 65,978
 Operating costs and
 expenses 78,230 92,664 227,892 283,457
 Operating loss (4,468) (6,092) (16,544) (15,888)
 Interest expense 9,964 11,248 30,385 34,247
 Loss before income
 taxes and minority
 interest (14,432) (17,340) (46,929) (50,135)
 Income tax benefit (3,221) (589) (8,099) (2,170)
 Minority interest (665) (415) (1,465) (10,509)
 Loss from continuing
 operations (10,546) (16,336) (37,365) (37,456)
 Discontinued
 operations --- (1,197) 1,367 3,896
 Loss before
 extraordinary item (10,546) (17,533) (35,998) (33,560)
 Extraordinary item (2,931) --- 7,567 ---
 Net loss ($13,477) ($17,533) ($28,431) ($33,560)
 Income (loss)
 per share:
 Continuing
 operations ($.60) ($.92) ($2.11) ($2.89)
 Discontinued
 operations --- (.07) .07 .30
 Extraordinary item (.17) --- .43 ---
 Net loss ($.77) ($.99) ($1.61) ($2.59)
 -0- 2/14/92
 /CONTACT: John C. Stiska, president, or Michael M. Earley, senior VP and CFO, of Intermark, 619-456-1000/
 (IMI) CO: Intermark Inc. ST: California IN: SU: ERN


JL -- SD004 -- 0421 02/14/92 17:50 EST
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Date:Feb 14, 1992
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