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NYTEST ENVIRONMENTAL REPORTS RECORD FIRST QUARTER RESULTS

 NYTEST ENVIRONMENTAL REPORTS RECORD FIRST QUARTER RESULTS
 PORT WASHINGTON, N.Y., May 4 /PRNewswire/ -- Nytest Environmental Inc. (NASDAQ: NYTS), a leading provider of specialized analytical services for the accurate measurement and safe management of hazardous wastes, today reported setting a new record in its seven year history for revenues and income for the first quarter ended March 31, 1992.
 Net income rose 40 percent to $153,577 or two cents per share on 6,941,061 fully diluted average shares outstanding from net income of $109,892 or two cents per share on 5,774,587 fully diluted average shares outstanding for the same period last year. The increased number of shares outstanding are primarily the result of a public offering of one million common shares in August 1991.
 Revenues for the three months reached $2,287,729, from $1,597,952 for the first quarter of 1991, a gain of 43 percent.
 "We continue to benefit from the concern about our environment by government and industry, and their increasing financial commitment to the problem," John Gaspari, president, said. "We believe 1992 will be another year of growth for Nytest," he added.
 NYTEST ENVIRONMENTAL INC.
 Financial Highlights
 (Unaudited)
 Three months ended March 31 1992 1991
 Revenues $2,287,729 $1,597,952
 Income before income taxes 264,059 160,892
 Provision for income taxes 110,482 51,000
 Net income 153,577 109,892
 Earnings per share $.02 $.02
 Weighted average shares outstanding 6,941,061 5,744,587
 -0- 5/4/92
 /CONTACT: John Gaspari of Nytest Environmental, 516-625-5500/
 (NYTS) CO: Nytest Environmental Inc. ST: New York IN: SU: ERN


SM-TS -- NY064 -- 6057 05/04/92 12:38 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:280
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