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NYTEST ENVIRONMENTAL REPORTS SECOND QUARTER/SIX MONTHS RESULTS

 PORT WASHINGTON, N.Y., Aug. 13 /PRNewswire/ -- Nytest Environmental Inc. (NASDAQ: NYTS), a leading provider of specialized analytical services for the accurate measurement of hazardous wastes, today reported results for the second quarter and six months ended June 30, 1993.
 Second quarter net loss was $47,288, or 1 cent per share, on revenues of $1,648,938, compared to a net loss of $21,894 or less than 1 cent per share, on revenues of $2,279,987 for the same period last year. Six months net loss was $29,612, or less than 1 cent per share, on revenues of $3,682,754 versus net income of $131,683, or 2 cents per share, on revenues of $4,567,716 for the first half of 1992.
 Revenues decreased during the first six months in 1993, as compared to the same period in 1992, primarily due to the non-recurrence of specialized contracts. These contracts included work that could not be performed at the company's facility and were subcontracted to outside facilities. There was also a softening in the demand for environmental analysis, due to the slow economic recovery and the uncertain regulatory environment. NEI responded to the changed market conditions by lowering its cost structure, while maintaining staff and marketing activities necessary for future growth. Management is optimistic that the demand for environmental services will increase as economic conditions improve.
 NYTEST ENVIRONMENTAL INC.
 Periods ended Three months Six months
 June 30 1993 1992 1993 1992
 Revenues $1,648,938 $2,279,987 $3,682,754 $4,567,716
 Pre-tax income (loss) (80,318) (37,644) (49,926) (226,415)
 (Benefit) provision
 for income taxes (33,030) (15,750) (20,314) 94,732
 Net income (47,288) (21,894) (29,612) 131,683
 Earnings per share .01 --- --- .02
 Average shares outstanding:
 Primary 6,829,219 6,967,129 6,864,743 6,954,726
 Fully diluted 6,829,219 6,967,129 6,864,743 6,958,839
 -0- 8/13/93
 /CONTACT: John Gaspari, president of Nytest Environmental Inc., 516-625-5500/
 (NYTS)


CO: Nytest Environmental Inc. ST: New York IN: SU: ERN

WB-MP -- NY067 -- 2686 08/13/93 16:25 EDT
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Publication:PR Newswire
Date:Aug 13, 1993
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