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LCI INTERNATIONAL ANNOUNCES FIRST QUARTER RESULTS

 DUBLIN, Ohio, April 26 /PRNewswire/ -- LCI International today reported first quarter 1993 revenues of $74.4 million versus $62.2 million for the same quarter in 1992 (a 20.2 percent increase) and operating income of $7.8 million versus $4.7 million, a 65.7 percent increase respectively for the same period in 1992. Net income for the quarter was $34,000.
 Similarly, LCI has continued to generate growth in volume: switched minutes of use, frequently used by the industry as a measure of operating performance, increased 21.9 percent for the same period, from 401 million minutes in the first quarter of 1992 to 489 million this year.
 LCI's growth has been driven by a variety of new programs and promotions including the company's new nationwide origination, simplified pricing approaches and a focused sales attack on both its existing market and new cities in the east, midwest and southeast areas of the country.
 "LCI's performance in the first quarter demonstrates that the company is continuing to achieve steady growth in 1993," said H. Brian Thompson, LCI International's chairman and chief executive officer. "Billed minutes of use have risen significantly during the first quarter of the year due to both the company's expansion into new national and international markets as well as our introduction of a quality residential service."
 LCI has entered the residential market with its new Simple, Fair and Inexpensive calling plan, and initiated a major and national account program to appeal to larger and more sophisticated users of telecommunications. The company opened sales offices in Des Moines and Cedar Rapids, Iowa, in the first quarter and will open a business office in Grand Rapids, Mich., within the next several weeks.
 3 Months Ended March 31
 1993 1992
 Revenues $ 74,696,000 $ 62,159,000
 Operating Income $ 7,845,000 $ 4,735,000
 Net Income (Loss) $ 34,000 $ (3,690,000)
 Minutes of Use 489,143,000 401,245,000
 Note: LCI International is a privately held company and does not report earnings per share.
 LCI International is a worldwide, facilities-based telecommunications company that provides a full line of voice, data and video transmission services to meet both business and residential customer's needs through its state-of-the-art fiber optic network. LCI International's majority shareholders include New York-based E.M. Warburg, Pincus & Co., Inc., the largest venture banking firm in the United States, and Primus Venture Partners, Cleveland, one of the largest venture capital firms in the midwest.
 -0- 4/26/93
 /CONTACT: Larry E. Wolfe, chief financial officer, 614-798-6444, or Shawn E. Endsley, controller, 614-798-6267, both of LCI International/


CO: LCI International ST: Ohio IN: TLS SU: ERN

AR -- CL006 -- 0568 04/26/93 10:32 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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