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SHARED TECHNOLOGIES INC, REPORTS 1ST QUARTER RESULTS

 WETHERSFIELD, Conn., April 29 /PRNewswire/ -- Shared Technologies Inc. (NASDAQ: STCH) reported first quarter (March 31) net income of $200,000, or $.04 a share, on revenue of $6.1 million, versus a loss of $650,000, or ($.17) a share, on revenue of $5.7 million a year ago.
 This improvement is significantly due to a margin increase from 36 percent in the quarter ended March 31, 1992 to 43 percent in the quarter ended March 31, 1993.
 "We are very pleased with our results on a gross margin and net income basis, especially in light of the fact that revenue, while improved, fell below our expectations," commented Anthony D. Autorino, chairman and chief executive officer.
 Weighted average shares outstanding for the three months ended March 31, 1993 were 5,096,419.
 -0- 04/29/93
 /CONTACT: Anthony D. Autorino of Shared Technologies Inc., 203-258-2400/
 (STCH)


CO: Shared Technologies Inc. ST: Connecticut IN: SU: ERN

KD-AH -- NY118 -- 2888 04/29/93 17:08 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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