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THE RANDERS GROUP INCORPORATED REPORTS OPERATING RESULTS FOR THE FIRST QUARTER OF 1992

 THE RANDERS GROUP INCORPORATED REPORTS OPERATING RESULTS
 FOR THE FIRST QUARTER OF 1992
 MUSKEGON, Mich., May 15 /PRNewswire/ -- The Randers Group Incorporated (AMEX: RGI.ECM) reported first-quarter results for 1992. Revenues for the first three months of 1992 were $1,009,000 compared to $4,659,000 for the same period in 1991. Operations for the first quarter of 1992 resulted in a net loss of $165,000 ($.01 per share) compared to net income of $215,000 ($.02 per share) for 1991.
 THE RANDERS GROUP INCORPORATED
 First Quarter Ended
 March 31,
 1992 1991
 Revenues $1,009,000 $4,659,000
 Net income (loss) ($165,000) 215,000
 Earnings (loss) per share ($.01) $.02
 Average no. of shares
 outstanding 14,035,349 13,173,333
 The continuing economic slowdown has resulted in many construction projects being delayed, thus, significantly impacting the company's revenues. Currently, fee-based work remains predominantly focused on preliminary design and cost estimates for work yet to be awarded. Cost reductions, implemented in 1991, have been successful in minimizing the losses, however, certain fixed costs could not be eliminated or reduced enough to prevent those losses from occurring.
 Management continues to emphasize its marketing programs in existing areas and to develop a client base in new market areas. Management feels that by maintaining its core strengths at each operating office and expanding into new areas, the company will be in a stronger position once the economy recovers.
 With its continuing solid base of operation, focused on technology- related projects, environmental engineering and specialized equipment systems design, the company is well-positioned to pursue its growth plans as a strong, single source, design/build firm for technology- related projects and systems.
 The Randers Group Incorporated was selected as one of 22 charter companies to initially comprise the new Emerging Company Marketplace of the American Stock Exchange. Management sees this as an opportunity to provide greater liquidity for its stock, better quotation coverage and increased access to capital markets. The company's common stock, under the symbol RGI.EC, began trading on the American Stock Exchange on Wednesday, March 18, 1992.
 -0- 5/15/92
 /CONTACT: LaWanda Furlough of The Randers Group, 616-733-0036/
 (RGI) CO: The Randers Group Incorporated ST: Michigan IN: CST SU: ERN


ML -- DE003 -- 0574 05/15/92 08:32 EDT
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Publication:PR Newswire
Date:May 15, 1992
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