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METROCALL REPORTS SECOND QUARTER RESULTS; PROFITABILITY DRIVEN BY RECORD REVENUES

 ALEXANDRIA, Va., Aug. 10 /PRNewswire/ -- Metrocall, Inc. (NASDAQ: MCLL) today reported net income of $0.8 million on revenues of $9.2 million for the quarter ended June 30, 1993, and net income of $1.7 million on revenues of $18.0 million for the six months ended June 30, 1993. These results compare to net income of $0.8 million on revenues of $8.8 million in the second quarter of 1992 and net income of $1.5 million on revenues of $17.4 million for the six months ended June 30, 1992.
 On July 23, 1993, Metrocall, Inc., completed an initial public offering of 2.7 million shares of its common stock at an initial offering price of $13.00 per share. Pro forma net income per common share for the three- and six-month periods ended June 30, 1993, were 10 cents and 20 cents, respectively.
 The company's record revenues were driven in part by an unprecedented quarterly increase in total pagers in service. "We exceeded all internal estimates by adding 9,921 pagers in service for the quarter, and while we won't see much of the revenue until next quarter, I can't think of a better way to transition to our new role as a public company," said Metrocall Chief Financial Officer Vincent D. Kelly. Total pagers in service increased to 213,071 at June 30, 1993, a 4.9 percent increase over the first quarter -- an annualized growth rate of approximately 20 percent.
 Despite the expected impact of expenses associated with the continued build-out of the Metrocall Nationwide Wireless Network, the company's second quarter results are indicative of the strength of the business. Income from operations held steady at $1.2 million, relatively unchanged from the year ago quarter. Metrocall second quarter operating margin was 13.4 percent -- at the high end of all public companies in the paging industry. "We continue to be encouraged by the strong growth rate in the industry and in our own numbers, and we look forward to the prospect of competing on a nationwide basis," Kelly said. The Metrocall Nationwide Wireless Network is scheduled for completion by the end of 1993.
 Metrocall, Inc., provides facilities-based coverage in the mid- Atlantic region and in California and Nevada. In addition to its existing paging services, Metrocall is implementing a nationwide wireless network that will allow the company to provide paging services in the largest 100 Standard Metropolitan Statistical Areas (SMSAs). As of June 30, 1993, the company had 213,071 pagers in service.
 METROCALL, INC.
 Condensed Consolidated Statements of Operations
 (unaudited)
 Three Months Ended
 June 30, June 30,
 1993 1992
 Revenues:
 Service, rent and maintenance revenues $ 8,075,133 $ 7,650,190
 Product sales 1,140,934 1,196,718
 Total revenues 9,216,067 8,846,908
 Operating Expenses:
 Service, rent and maintenance expenses 2,437,948 2,099,573
 Cost of products sold 1,041,587 996,110
 Selling and marketing 1,298,536 1,198,872
 General and administrative 1,805,403 1,819,354
 Depreciation and amortization 1,396,593 1,533,230
 Total Operating Expenses 7,980,067 7,647,139
 Income from operations 1,236,000 1,199,769
 Interest Income and Other Income 16,725 402,234
 Interest Expense (419,245) (773,174)
 Income Before Provision for Income Taxes 833,480 828,829
 Provision for Income Taxes (19,500) (17,250)
 Net Income $ 813,980 $ 811,579
 Pro Forma Net Income Data(A)
 Income before provision for
 income taxes, as reported $ 833,480
 Pro forma income tax provision (332,550)
 Pro forma net income(A) $ 500,930
 Pro forma net income per
 common share(A) $0.10
 Pro forma weighted average common
 shares outstanding(A) 6,246,154
 Six Months Ended
 June 30, June 30,
 1993 1992
 Revenues:
 Service, rent and maintenance revenues $15,778,673 $15,160,311
 Product sales 2,233,394 2,228,152
 Total revenues 18,012,067 17,388,463
 Operating Expenses:
 Service, rent and maintenance expenses 4,653,761 4,153,075
 Cost of products sold 2,021,216 1,798,348
 Selling and marketing 2,358,169 2,305,181
 General and administrative 3,542,593 3,661,861
 Depreciation and amortization 2,933,832 3,215,011
 Total Operating Expenses 15,509,571 15,133,476
 Income from operations 2,502,496 2,254,987
 Interest Income and Other Income 34,103 859,490
 Interest Expense (840,943) (1,602,552)
 Income Before Provision for Income Taxes 1,695,656 1,511,925
 Provision for Income Taxes (39,000) (34,500)
 Net Income $1,656,656 $1,477,425
 Pro Forma Net Income Data(A)
 Income before provision for
 income taxes, as reported $1,695,656
 Pro forma income tax provision (676,550)
 Pro forma net income(A) $1,019,106
 Pro forma net income per
 common share(A) $0.20
 Pro forma weighted average common
 shares outstanding(A) 6,246,154
 (A) Pro forma net income per common share has been computed by dividing pro forma net income, after adjustment for applicable interest expense, by the pro forma weighted average number of common shares outstanding during each period. The pro forma weighted average shares outstanding has been adjusted for the number of shares related to the forgiveness of notes receivable on shares granted to certain officers of the company effected upon the completion of the company's offering of 2.7 million shares in an initial public offering, plus the estimated number of shares that the company would need to issue to pay distributions to the company's pre-offering stockholders and to repay a portion of borrowings under the company's existing credit agreement.
 -0- 8/10/93
 /CONTACT: Vincent Kelly, chief financial officer, Metrocall, 703-660-9343/
 (MCLL)


CO: Metrocall, Inc. ST: Virginia IN: TLS SU: ERN

MH-TW -- DC004 -- 1080 08/10/93 09:39 EDT
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Date:Aug 10, 1993
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