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PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES YEAR-END RESULTS

 PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES YEAR-END RESULTS
 DALLAS, March 6 /PRNewswire/ -- Dallas-based Publishers Equipment Corporation (NASDAQ: PECN) today announced a net loss of $3,962,000 for the year ended Dec. 31, 1991, on revenues of $18,980,000. These results compare to a net loss of $10,734,000 on revenues of $18,514,000 for the year ended Dec. 31, 1990.
 PUBLISHERS EQUIPMENT CORPORATION RESULTS
 (in thousands)
 1991 1990
 Revenues $18,980 $18,514
 Loss from continuing operations (304) (2,796)
 Equity in loss of affiliate (1,574) (4,752)
 Total (1,878) (7,548)
 Loss from discontinued operations (2,084) (3,186)
 Net loss $(3,962) $(10,734)
 Loss per common share:
 Continuing operations $ (0.39) $ (1.57)
 Discontinued operations (0.43) (0.66)
 Total $ (0.82) $ (2.23)
 Average shares outstanding 4,862,036 4,807,228
 In announcing the 1991 results, Evans Kostas, chairman and chief executive officer, cited a marked improvement in the financial performance of the company for the second half of the year which was achieved in spite of a continued recession affecting the markets served by the company.
 -0- 3/6/92
 /CONTACT: Roger R. Baier of Publishers Equipment Corp., 214-931-2312/
 (PECN) CO: Publishers Equipment Corporation ST: Texas IN: SU: ERN


AH -- NY062 -- 6072 03/06/92 17:47 EST
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Publication:PR Newswire
Date:Mar 6, 1992
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