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TIE REPORTS FIRST QUARTER PROFITS

 SEYMOUR, Conn., May 17 /PRNewswire/ -- TIE/communications, Inc. (AMEX: TIE) today reported 1993 first-quarter net income of $239,000, or $0.06 per share as compared to a loss of $532,000 or $0.13 per share for the comparable prior year period. The results for the quarter ending March 31, 1993 represent a $771,000 improvement from the same quarter of the prior year on slightly lower sales.
 The improvement in operating income was primarily the result of cost reductions implemented during 1992 ($1,114,000), in addition to a decrease in amortization expense ($304,000) resulting from the change in amortization life of certain intangible assets implemented on April 1, 1992 and the adoption of SFAS No. 109, Accounting for Income Taxes.
 TIE is based in Seymour and its shares are traded on the American Stock Exchange. TIE/telecommunications Canada Limited, a 63 percent owned subsidiary, is based in Markham, Ontario and its shares are traded on the Toronto and Montreal Stock Exchanges.
 TIE is a member of the Marmon Group of companies, an international association of more than 60 autonomous service and manufacturing companies with annual sales in excess of $4 billion.
 TIE/COMMUNICATIONS, INC.
 Financial Results
 First quarter ended 1993 1992
 Dollars EPS Dollars EPS
 Net revenues $23,749,000 -- $24,286,000 --
 Operating income/(loss) 71,000 $0.02 (764,000) ($0.19)
 Royalties and other
 income, net 348,000 0.09 288,000 0.07
 Pretax income/(loss) 419,000 0.11 (476,000) (0.12)
 Tax provision (154,000) (0.04) (45,000) (0.01)
 Minority interest (26,000) (0.01) 8,000 0.00
 Net income/(loss) from
 continuing operations 239,000 0.06 (513,000) (0.13)
 Net income/(loss) from
 discontinued operations 0 0.00 (19,000) (0.00)
 Net income 239,000 0.06 (532,000) (0.13)
 Average shares outstanding 3,981,338 -- 3,981,338 --
 -0- 5/17/93
 /CONTACT: George N. Benjamin, III, 203-888-8001, or Mark D. Amatrudo, 203-888-8004, both of TIE/communications, Inc./
 (TIE)


CO: TIE/communications, Inc. ST: Connecticut IN: TLS SU: ERN

TS-OS -- NY034 -- 9089 05/17/93 10:21 EDT
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Publication:PR Newswire
Date:May 17, 1993
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