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TCS ANNOUNCES YEAR-END NUMBERS

 TCS ANNOUNCES YEAR-END NUMBERS
 SAN DIEGO, Jan. 28 /PRNewswire/ -- TCS Enterprises Inc. (AMEX: TCS)


announced record earnings of $1,312,000 or $.50 per share for the year ending Oct. 31, 1991. Revenues were up 87.72 percent to $13,465,000 vs. $7,173,000 last year. This result reflects a substantial turnaround from last year's loss of $2,575,000 or $.91 per share. Reported earnings are after the effect of an extraordinary item of a net operating loss carryforward and due to increased mortgage conduit activities along with the sale of a majority interest in their insurance subsidiary.
 "These record earnings are a reflection of the restructuring we undertook back in 1990 and the decision to sell certain assets to reposition the company," stated Tom C. Stickel, chairman and chief executive officer. "While we are pleased with the short term results, we remain determined to continue to further develop our asset base and mature this company during these difficult economic times," concluded Stickel.
 The company repeated its often publicly mentioned objective of repurchasing stock from time to time in the open market. Additionally, the company's main goal is to go private if favorable financing can be secured. The company has opened discussions with individuals and organizations who have expressed an interest in the going private concept, however, no structured deal has been advanced to the point of further disclosure.
 -0- 1/28/92
 /CONTACT: Tom C. Stickel of TCS Enterprises Inc., 619-452-8000/
 (TCS) CO: TCS Enterprises Inc. ST: California IN: FIN SU: ERN


EH-CH -- SD006 -- 4416 01/28/92 16:48 EST
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Date:Jan 28, 1992
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