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NATIONAL TECHTEAM ANNOUNCES A 93-PERCENT INCREASE IN REVENUES AND A 65-PERCENT INCREASE IN NET INCOME FOR THE THIRD QUARTER OF 1993

 DEARBORN, Mich., Nov. 10 /PRNewswire/ -- National TechTeam, Inc. (NASDAQ: TEAM) today announced record net income of approximately $544,000, or $.06 per share, on revenues of $5,420,000 for the third quarter ended Sept. 30, 1993. The 1993 third-quarter results represent a 93-percent increase in revenues and a 65-percent increase in earnings over the third quarter of 1992. These results also represent the eighth consecutive record quarterly increase in revenues and earnings as compared to the same quarterly period for the preceding year.
 National TechTeam earned a record net income of $1,325,000, or $.15 per share on revenues of $13,745,000 for the first nine months of 1993. This represents an 81-percent increase in revenues and a 101-percent increase in earnings over the first nine months of 1992. These results also establish a new company record.
 NATIONAL TECHTEAM, INC.
 Quarter Ended Sept. 30 1993 1992
 Revenue $5,420,000 $2,805,000
 Operating income 825,000 348,000
 Income taxes 281,000 21,000
 Net income 544,000 327,000
 Net income per share .06 .04
 Nine Months Ended Sept. 30 1993 1992
 Revenue $13,745,000 $7,578,000
 Operating income 2,007,000 681,000
 Income taxes 682,000 21,000
 Net income 1,325,000 660,000
 Net income per share .15 .08
 The results are significant when considering that the operating income for the first nine months of 1993 was $2,007,000 compared to $681,000 for the same period in 1992. A provision for income taxes of $682,000 was made during the first nine months of 1993 while only 21,000 of income tax liability was incurred in the first nine months of 1992 due to an operating loss carryforward which was used up during the third quarter of 1992.
 The 1993 third-quarter and nine-month results were the best in the history of the company. Net worth increased during the first nine months by approximately $3,867,000 from Dec. 31, 1992, and the company now has the strongest balance sheet in its history. The large increase in net worth is attributed to increased earnings, the acquisition of Micro Systems Group, Inc., and the exercise of options by National TechTeam shareholders. Total assets also increased to $9,692,000 from $4,130,000 at Dec. 31, 1992.
 National TechTeam, Inc. is headquartered in Dearborn and has been a public company since 1987. The company provides computer training, support, network services, contract staffing, and corporate management services for major companies. National TechTeam is traded on NASDAQ under the symbol "TEAM."
 -0- 11/10/93
 /CONTACT: William F. Coyro Jr., chief executive officer of National TechTeam, 313-277-2277/
 (TEAM)


CO: National TechTeam, Inc. ST: Michigan IN: CPR SU: ERN

JG-SB -- DE009 -- 2642 11/10/93 09:47 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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