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NATIONAL TECHTEAM ANNOUNCES EARNINGS FOR QUARTER ENDED SEPT. 30, 1991

NATIONAL TECHTEAM ANNOUNCES EARNINGS FOR QUARTER ENDED SEPT. 30, 1991
    DEARBORN, Mich., Nov. 4 /PRNewswire/ -- National TechTeam, Inc. (NASDAQ: TEAM) today announced that it earned net income of approximately $11,000 or $.01 per share, on revenues of $1,912,000 for the third quarter ended Sept. 30, 1991.  In addition, TechTeam continued to strengthen its financial position.  During the nine months ended Sept. 30, 1990, TechTeam has reduced its liabilities by 24 percent or $479,000 and has increased its working capital by $356,000.
    On Oct. 10, 1991, TechTeam announced a major contract award from Chrysler Corporation (NYSE: C) to provide office automation end-user training and support for all Chrysler locations in the United States. The Chrysler contract, TechTeam's ACTIONTRAC program, and new business developed during the third quarter is expected to significantly contribute to revenues and earnings in 1992.
                        NATIONAL TECHTEAM, INC.
    Quarter Ended Sept. 30                     1991             1990
    Revenue                                 $1,912,000       $1,745,000
    Net income                                  11,000          104,000
    Net income per share                           .01              .01
    Nine Months Ended Sept. 30                 1991             1990
    Revenue                                 $5,840,000       $5,123,000
    Net loss                                   (41,000)         (60,000)
    Net loss per share                            (.01)            (.01)
    -0-                             11/4/91
    /CONTACT:  William F. Coyro Jr., president and CEO of National TechTeam, Inc., 313-277-2277/
    (TEAM C) CO:  National TechTeam, Inc. ST:  Michigan IN:  CPR AUT SU:  ERN KK -- DE012 -- 0636 11/04/91 10:19 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1991
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