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SAFECARD SERVICES ANNOUNCES THIRD QUARTER AND NINE MONTHS REVENUE AND EARNINGS

 SAFECARD SERVICES ANNOUNCES THIRD QUARTER AND
 NINE MONTHS REVENUE AND EARNINGS
 CHEYENNE, Wyo., Sept. 8 /PRNewswire/ -- SafeCard Services Inc. reported record earnings for the third quarter ended July 31, 1992.
 SAFECARD SERVICES INC.
 Third Quarter Ended
 July 31,
 1992 1991
 Revenue $39,459,000 $38,515,000
 Ne ?earnings $9,046,000(a) $7,834,000
 Earnings per share $.30 $.27
 Average shares 30,342,000 29,329,000
 Nine Months Ended
 July 31,
 1992 1991
 Revenue $118,120,000 $113,113,000
 Net earnings $18,224,000(a)(b) $23,318,000
 Earnings per share $.60 $.81
 Average shares 30,268,000 29,356,000
 (a) The third quarter and nine months of 1992 include a $550,000 pre-tax gain from the settlement of litigation with First Data Resources Inc.
 (b) On Feb. 3, 1992, the company's board of directors approved the relocation of the company's headquarters and operational facility from Ft. Lauderdale, Fla. to Cheyenne. The company recorded an $11 million pretax charge against earnings (approximately $7 million after taxes) in the second quarter of 1992 in connection with the relocation. The company anticipates that it may recover such costs associated with the relocation within 3 to 4 years.
 -0- 9/8/92
 /CONTACT: Peter Halmos of SafeCard Services, 307-771-2700/ CO: SafeCard Services Inc. ST: Wyoming IN: SU: ERN


BB -- DV002 -- 7056 09/08/92 13:54 EDT
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Publication:PR Newswire
Date:Sep 8, 1992
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