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PUBLISHERS EQUIPMENT ANNOUNCES FIRST QUARTER RESULTS

 PUBLISHERS EQUIPMENT ANNOUNCES FIRST QUARTER RESULTS
 DALLAS, May 6 /PRNewswire/ -- Dallas-based Publishers Equipment


Corporation (NASDAQ: PECN) today announced a net loss of $120,000 for the first quarter of 1992 on revenues of $4,181,000. These results compare to a net loss of $4,175,000 on revenues of $1,977,000 for the first quarter of 1991.
 PUBLISHERS EQUIPMENT CORPORATION
 (Unaudited; in thousands)
 Three months ended March 31 1992 1991
 Revenues $ 4,181,000 $ 1,977,000
 Loss from continuing operations (120,000) (402,000)
 Equity in loss of affiliate -- (757,000)
 Total (120,000) (1,159,000)
 Loss from discontinued operations -- (3,016,000)
 Net loss $ (120,000) $(4,175,000)
 Loss per common share:
 Continuing operations $(0.02) $(0.24)
 Discontinued operations -- (0.62)
 Total $(0.02) $(0.86)
 Average shares outstanding 4,876,570 4,862,036
 In announcing the first quarter results, Evans Kostas, chairman and chief executive officer, cited the improved performance of the company's wholly-owned subsidiary, King Press Corporation, a supplier of single- width, web offset printing equipment. The improved financial results were achieved in spite of a continued recession affecting the markets served by the company.
 -0- 5/6/92
 /CONTACT: Roger R. Baier of Publishers Equipment, 214-931-2312/
 (PECN) CO: Publishers Equipment Corporation ST: Texas IN: SU: ERN


GK -- NY040 -- 7021 05/06/92 11:05 EDT
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Publication:PR Newswire
Date:May 6, 1992
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