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REGAL COMMUNICATIONS CORPORATION ANNOUNCES RESULTS FOR FIRST QUARTER 1993

 FORT WASHINGTON, Pa., Feb. 18 /PRNewswire/ -- Regal Communications Corporation (NASDAQ: RCOM) reported income from continuing operations before taxes of $2,165,109 in the first quarter of 1993, compared to $1,334,443 in the same period the prior year.
 Net income available for common stock for the first quarter 1993 was $1,028,142 or $.06 per share, compared to $551,763 or $.04 per share in the comparable period in 1992. Revenues for the three months ended Dec. 31, 1992, were $26,737,254, compared to $31,527,522 in the same period in 1991. The decrease in revenue is the result of a change in revenue reporting methods and not from a decline in business.
 Arthur L. Toll, chairman and chief executive officer of Regal Communications, stated, "We are right on course with our plan of producing and airing infomercials for proprietary products with higher profit margins and longer product life cycles, and in fact are experiencing increasing sales and profits in the current period. Our efforts to consolidate operational functions and to streamline the company along with our business strategy should continue to generate increased profitability."
 Regal Communications, through its wholly owned subsidiary, Regal Group, Inc., is a major producer and distributor of infomercials, 30-minute direct response television marketing programs. Regal also develops and markets information and entertainment programs for the pay- per-call consumer market known as Audiotex.
 REGAL COMMUNICATIONS CORPORATION
 (Dollars in thousands, except per-share data)
 Three months ended Dec. 31 1992 1991
 Revenue 26,737 31,528
 Income from operations
 before income taxes 2,165 1,334
 Net income 1,092 689
 Net income available
 for common stock 1,028 552
 Per share:
 Net income per common share $.06 $.04
 Average shares
 outstanding 16,170,205 12,434,897
 /delval/
 -0- 2/18/93
 /CONTACT: Bruce Edmondson, executive vice president of Regal Communications, 215-540-1190, or Lynn Morgen, or Amy Weisman or Brad Miller of Morgen-Walke, 212-986-5900, for Regal Communications/
 (RCOM)


CO: Regal Communications Corporation ST: Pennsylvania IN: TLS SU: ERN

CC-MP -- PH002 -- 7671 02/18/93 08:28 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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