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PERMA-FIX ENVIRONMENTAL SERVICES, INC. ANNOUNCES 1992 RESULTS

 ATLANTA, March 29 /PRNewswire/ -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) announced today that for its fiscal year ended Dec. 31, 1992, revenues increased to $5,982,973 from $2,388,946 in 1991.
 The net loss for the year was $1,269,495 ($.50 per share). Revenue and income of the Residual Technologies, Inc. acquisition (RTI) (closed in escrow 3/24/93, pending certain governmental approvals) are not included. In 1992, RTI had revenue of $2,151,763 and pretax income of $228,474.
 Dr. Louis F. Centofanti, president of the company, stated: "1992 was a building and organizational year for Perma-Fix. Losses for 1992 include approximately $300,000 in write-offs from the Roanoke Cement project, approximately $350,000 in expenses for establishing new mobile Perma-Fix units and support facilities, and approximately $700,000 of administrative expenses associated with the start-up of the parent holding company. We expect a substantial financial improvement in 1993 due to the new Perma-Fix mobile facilities, the acquisition of RTI in Tulsa and improving operations. Even with continued aggressive expansion in 1993, we expect Perma-Fix Environmental Services, Inc. to be profitable by the end of 1993."
 Perma-Fix Environmental Services, Inc. is a company providing hazardous waste treatment and reclamation services primarily in the Midwest. The company utilizes the "Perma-Fix Process," a proprietary process for the on-site treatment of hazardous materials.
 -0- 3/29/93
 /CONTACT: Priscilla Price of Perma-Fix Environmental Services, 404-847-9990/
 (PESI)


CO: Perma-Fix Environmental Services, Inc. ST: Georgia IN: ENV SU: ERN

BN-RA -- AT009 -- 0733 03/29/93 17:24 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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