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THE RANDERS GROUP INCORPORATED REPORTS RECORD REVENUES AND IMPROVED OPERATING RESULTS FOR THE THIRD QUARTER OF 1993

 MUSKEGON, Mich., Nov. 9 /PRNewswire/ -- The Randers Group Incorporated (AMEX-ECM: RGI) reported third-quarter results for 1993. Revenues for the third quarter of 1993 were a record $6,406,000 compared to $1,728,000 for the same period in 1992. Operations for the quarter resulted in net income of $264,000 ($.02 per share) compared to $13,000 ($.00 per share) for 1992.
 Revenues of $12,650,000 for the nine months ended Sept. 30, 1993, resulted in net income of $410,000 ($.03 per share) compared to revenues of $4,173,000 and a net loss of $213,000 ($.02 per share) for the same nine-month period of 1992.
 THE RANDERS GROUP INCORPORATED
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenues $6,406,000 $1,728,000 $12,650,000 $4,173,000
 Net income
 (loss) $264,000 $13,000 $410,000 ($213,000)
 Earnings (loss)
 per share $.02 $.00 $.03 ($.02)
 Average number
 of shares
 outstanding 14,097,500 14,199,070 14,097,500 14,076,783
 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.
 On Nov. 2, 1993, the company announced that it had signed a Letter of Intent to acquire the net assets of EPC International, Inc. (EPC). The acquisition is subject to the approval of the sale by EPC shareholders and the execution of a final purchase agreement.
 Management believes that the successful completion of the acquisition will provide The Randers Group of Companies a strong base of operations in the Greater Chicago market to develop its single-source design/build business.
 Management of EPC has scheduled a shareholders' meeting for Nov. 18, 1993, to seek approval of the proposed transaction.
 -0- 11/9/93
 /CONTACT: LaWanda Furlough of The Randers Group Incorporated, 616-733-0036/
 (RGI)


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

JG -- DE006 -- 2145 11/09/93 09:45 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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