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THE VADER GROUP ANNOUNCES THIRD (JUNE) QUARTER 1992 RESULTS

 THE VADER GROUP ANNOUNCES THIRD (JUNE) QUARTER 1992 RESULTS
 GARDEN CITY, N.Y., July 14 /PRNewswire/ -- The Vader Group Inc. (AMEX: VDR) today reported a net loss (applicable to common shares) of $91,867 (or $0.04 per share) during the third quarter ended June 30, 1992, compared to net income of $33,510 (or $0.01 per share) for the same period last year.
 For the first nine months of the September 1992 fiscal year, Vader had a net loss (applicable to common shares) of $314,793 (or $0.14 per share) compared to a net loss of $281,869 (or $0.12 per share) the previous year.
 THE VADER GROUP INC. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (unaudited)
 Period ended Quarter Nine months
 June 30 1992 1991 1992 1991
 Revenues:
 Interest income $11,702 $ -- $16,026 $ --
 Gain on sales of
 marketable securities -- -- -- 204
 Total 11,702 -- 16,026 204
 Expenses:
 General and admin. (86,221) (83,961) (288,402) (374,613)
 Pretax loss (74,517) (83,961) (272,374) (374,409)
 Income tax benefit -- 129,937 -- 129,937
 Net income (loss) (74,517) 45,976 (272,374) (244,472)
 Common stock accretion
 attributable to
 put options (17,350) (12,466) (42,419) (37,397)
 Net income (loss)
 applicable to
 common stock (91,867) 33,510 (314,793) (281,869)
 Earnings (loss) per share:
 Net income (loss) (.03) .02 (.12) (.10)
 Common stock accretion (.01) (.01) (.02) (.02)
 Net income (loss)
 applicable to
 common shares (.04) .01 (.14) (.12)
 Weighted average shares 2,225,123 2,263,279 2,248,017 2,263,279
 -0- 7/14/92
 /CONTACT: Alfred Ziegler, vice president of the Vader Group, 516-747-6843/
 (VDR) CO: Vader Group Inc. ST: New York IN: SU: ERN


PS-OS -- NY073 -- 9217 07/14/92 15:33 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
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