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SUNRISE LEASING ANNOUNCES RECORD REVENUES AND NET INCOME

 SUNRISE LEASING ANNOUNCES RECORD REVENUES AND NET INCOME
 MINNEAPOLIS, Aug. 5 /PRNewswire/ -- Sunrise Leasing (NASDAQ: SUNL),


a lessor and dealer in electronic data processing equipment, today announced record revenues and net income for the first quarter ended June 30, 1992.
 First quarter revenues were $2 million, up 63 percent from $1.23 million in the same period in fiscal 1992. Net income reached a record $457,210, or $.18 per share, in the 1993 first quarter, up 200 percent from $152,287 or $.12 per share, in the comparable period in fiscal 1992.
 "The company's continued quarterly record performance for the first quarter of fiscal 1993 reflects the growing acceptance of Sunrise's various leasing services," said Craig Forsman, chief executive officer. Forsman added, "Although we expect that the second quarter's financial results will not equal that of the first quarter, they will be well ahead of the financial results of the second quarter of fiscal 1992. We continue to believe that the overall trend in revenues and income will be favorable throughout fiscal 1993."
 Sunrise Leasing Corporation is principally engaged in the leasing and sale of new and used electronic data processing. The company's shares are traded on NASDAQ under the symbol SUNL.
 SUNRISE LEASING CORPORATION
 CONDENSED STATEMENTS OF OPERATIONS
 Three Months Ended Percent
 6/30/92 6/30/91 Change
 Revenues $2,002,913 $1,227,155 +63
 Cost of sales and expenses 1,293,703 990,868 +31
 Income before income taxes 709,210 236,287 +200
 Income taxes 252,000 84,000 +200
 Net income 457,210 152,287 +200
 Net income per share $.18 $.12 +50
 Weighted average shares
 outstanding 2,565,000 1,300,000 --
 -0- 8/5/92
 /CONTACT: Craig Forsman of Sunrise Leasing, 612-560-0695/
 (SUNL) CO: Sunrise Leasing ST: Minnesota IN: SU: ERN


KH -- MN011 -- 7260 08/05/92 16:30 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
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