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THE RANDERS GROUP INCORPORATED REPORTS IMPROVED RESULTS FOR THE SECOND QUARTER OF 1993

 MUSKEGON, Mich., Aug. 5 /PRNewswire/ -- The Randers Group Incorporated (AMEX-ECM: RGI) reported continued improvement in operating results for the second quarter of 1993. Revenues of $3,393,000 for the quarter resulted in net income of $132,000 compared to revenues of $1,436,000 and a net loss of $61,000 for the same period in 1992. Operations for the first half of 1993 resulted in net income of $146,000 ($.01 per share) compared to a net loss of $226,000 ($.02 per share) in 1992.
 THE RANDERS GROUP INCORPORATED
 Six Months Ended 2nd Quarter Ended
 June 30, June 30,
 1993 1992 1993 1992
 Revenues $6,244,000 $2,445,000 $3,393,000 $1,436,000
 Net income (loss) $146,000 ($226,000) $132,000 ($61,000)
 Net income (loss)
 per share $.01 ($.02) $.01 ($.01)
 Average number of
 shares
 outstanding 14,097,500 14,066,425 14,097,500 14,097,500
 The second quarter of 1993 represented the fifth consecutive quarter of improved revenues and the fourth consecutive quarter of profitable operations. The company continues to realize results from the marketing program it began in late 1991 and from a slowly improving economy. All five of the company's offices are experiencing revenue growth with the South Charleston, W.Va., office growing the fastest.
 Many new clients were obtained during late 1992 and early 1993 which now have their projects moving into the construction phase. The company's environmental engineering work continues to develop as an increasing portion of its fee-based business.
 Cautiously optimistic about the economy, the company remains committed to its growth plans as a strong, single source, design/build firm for technology-related projects and systems.
 -0- 8/5/93
 /CONTACT: LaWanda Furlough of The Randers Group Incorporated, 616-733-0036/
 (RGI)


CO: The Randers Group Incorporated ST: Michigan IN: SU: ERN

JG -- DE010 -- 9769 08/05/93 09:58 EDT
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Publication:PR Newswire
Date:Aug 5, 1993
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