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PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES YEAR-END 1992 RESULTS

 DALLAS, March 22 /PRNewswire/ -- Dallas-based Publishers Equipment Corporation (NASDAQ-NMS: PECN) today announced a net loss of $2,189,000 for the
year ended Dec. 31, 1992, on revenues of $15,690,000. These results compare to a net loss of $5,276,000 on revenues of $18,980,000 for the year ended Dec. 31, 1991.
 PUBLISHERS EQUIPMENT CORPORATION
 ($000s)
 Year ended Dec. 31, 1992 1991
 Revenues $15,690 $18,980
 Loss from continuing operations (2,189) (3,192)
 Loss from discontinued operations -- (2,084)
 Net loss $(2,189) $(5,276)
 Loss per common share:
 Continuing operations $ (0.43) $ (0.66)
 Discontinued operations -- (0.43)
 $ (0.43) $ (1.09)
 Average shares outstanding 5,068,773 4,862,036
 In announcing the 1992 results, Evans Kostas, chairman and chief executive officer, cited continued slow conditions in printing equipment markets served by the company and a delay in the shipment of a major order until shortly after year end. The delay in shipment resulted from a union work stoppage that occurred in late 1992 during negotiations that resulted in the signing of a new three year contract on Dec. 21, 1992.
 -0- 3/22/93
 /CONTACT: Roger R. Baier of Publishers Equipment Corporation, 214-931-2312.
 (PECN)


CO: Publishers Equipment Corporation ST: Texas IN: PUB SU: ERN

SH -- NY079 -- 8322 03/22/93 15:21 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:222
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