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SAFECARD SERVICES ANNOUNCES SECOND QUARTER, SIX MONTHS RESULTS

 SAFECARD SERVICES ANNOUNCES SECOND QUARTER, SIX MONTHS RESULTS
 MIAMI, June 5 /PRNewswire/ -- SafeCard Services, Inc. (NYSE: SSI) reported record revenue for the second quarter and six months ended April 30, 1992.
 SAFECARD SERVICES, INC.
 SECOND QUARTER Ended April 30,
 1992 1991
 Revenue $39,497,000 $37,858,000
 Net Earnings $ 1,016,000 (A) $ 7,839,000
 Earnings per share $ .03 (A) $ .27
 Average shares 30,263,000 29,327,000
 SIX MONTHS Ended April 30,
 1992 1991
 Revenue $78,661,000 $74,598,000
 Net Earnings $ 9,178,000 (A) $15,484,000
 Earnings per share $ .30 (A) $ .54
 Average shares 30,256,000 29,416,000
 (A) -- On Feb. 3, 1992, the company's board of directors approved the relocation of the company's headquarters and operational facility from Fort Lauderdale, Fla. to Cheyenne, Wyo. The company has recorded an $11 million pretax charge against earnings (approximately $7 million after taxes) in the second quarter of 1992 in connection with the relocation.
 -0- 6/5/92
 /CONTACT: Peter Halmos of SafeCard Services, 305-776-2501/
 (SSI) CO: SafeCard Services, Inc. ST: Florida IN: FIN SU: ERN


JJ-JB -- FL006 -- 7436 06/05/92 11:59 EDT
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Date:Jun 5, 1992
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