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MAIL BOXES COAST TO COAST REPORTS YEAR-END REVENUES AND EARNINGS

 MAIL BOXES COAST TO COAST REPORTS YEAR-END REVENUES AND EARNINGS
 LOS ANGELES, March 25 /PRNewswire/ -- Mail Boxes Coast to Coast (NASDAQ: MBCC) has announced the financial results for its 1991 fiscal year. For the 1991 fiscal year, MBCC reported net income of $234,466 ($0.03), as compared to a net loss of $101,660 ($0.02) for the fiscal year 1990.
 For the year ended Dec. 31, 1991, the company reported total revenues of $477,622, compared to revenues of $771,126 during fiscal 1990. The decrease in revenues was directly attributable to the sale of the Manhattan, N.Y.-area franchise in June of 1991 because the company no longer receives revenues related to the New York-area franchise. However the company realized a gain of $608,910 on this transaction.
 MAIL BOXES COAST TO COAST
 Condensed Income Statement Data
 For the years ended Dec. 31,
 1991 1990
 Revenues $477,622 $771,126
 Cost & Expenses 873,632 1,236,263
 Loss from operations (396,010) (465,137)
 Other income 630,476 363,477
 Net income (loss) $234,466 ($101,660)
 Net income (loss) per share $0.03 ($0.02)
 Weighted average number of
 shares outstanding 7,005,883 6,730,500
 -0- 3/25/92
 /CONTACT: Gary M. Williams, president of Mail Boxes Coast to Coast, 818-956-5400/
 (MBCC) CO: Mail Boxes Coast to Coast ST: California IN: SU: ERN


EH-JL -- LA023 -- 1622 03/25/92 15:25 EST
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Publication:PR Newswire
Date:Mar 25, 1992
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