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TEE-COMM ELECTRONICS INC. FINANCIAL RESULTS

 TORONTO, July 28 /PRNewswire/ -- Tee-Comm Electronics Inc. (AMEX: TEN reports a profit for the second quarter ended June 30, 1993 of $118,000 (1 cent per share) on sales of $11,389,000. Revenues increased by 45 per cent over the same period last year and 51 per cent over the first quarter of 1993.
 The Company is primarily a manufacturer and distributor of satellite television equipment in North America and Asia. In 1992, Tee-Comm launched a Direct To Home (DTH) service which provides up to 28 channels of cable-like television programming to underserved, rural Canadian homes and recently announced its plans to provide a 150 channel service delivered via a 24-inc dish in the third quarter of 1994.
 Six months
 to June 30, 1993 Year ago
 Revenue $ 18,888,000 $ 15,755,000
 Cash flow 495,000 358,000
 Net Profit (Loss) (236,000) 143,000
 Net Profit (Loss)/share $(0.01) $0.01
 Cash flow/share $0.03 $0.02
 Three months
 to June 30, 1993 Year ago
 Revenue $ 11,389,000 $ 7,813,000
 Cash flow 492,000 101,000
 Net profit 118,000 11,000
 Net profit/share $0.01 $0.00
 Cash flow/share $0.03 $0.01
 -0- 7/28/93
 /CONTACT: Stephen Litwin, 514-333-3400; Robert Kavelman, 416-878-8181, both of Tee-Comm/
 (TEN)


CO: Tee-Comm Electronics Inc. ST: Ontario IN: CPR SU: ERN

LG -- NY047 -- 7246 07/28/93 11:17 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
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