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TIGERA GROUP ANNOUNCES RESULTS FOR 1991 AND PRELIMINARY RESULTS FOR THREE MONTHS ENDED MARCH 31, 1992

 TIGERA GROUP ANNOUNCES RESULTS FOR 1991 AND PRELIMINARY
 RESULTS FOR THREE MONTHS ENDED MARCH 31, 1992
 NEW YORK, April 3 /PRNewswire/ -- Tigera Group, Inc. (NASDAQ: TYGR), announced its results today for the fiscal year ended Dec. 31, 1991. The company's net loss for the year amounted to $2,271,000, or 11 cents per share, compared with a net loss if $2,997,000 or 15 cents per share the prior year.
 The company had revenues of $462,000 for the year which represented lease revenue from revenue-earning vehicles held under operating leases in connection with the company's arrangement with Lend Lease Trucks Inc. This was the first time the company had revenues since completing the sale of its computer operations in 1988. Tigera's principal activity during the year just ended, in addition to its leasing activity, was seeking and evaluating candidates for acquisition.
 During the year, the company bought shares and warrant at a cost of $1,994,000 in Semi-Tech (Global) Limited, a public company traded on the Hong Kong Stock Exchange. At Dec. 31, 1991, a valuation allowance of $126,000 was recorded to reduce the carrying amount of the Semi-Tech (Global) securities to their market value as of that date, with a corresponding charge to net income. Subsequently, the Semi-Tech (Global) securities have increased in value and the company sold a portion of its holdings at a profit. Specifically, as of March 31, 1992, Tigera has reversed the $126,000 valuation allowance, and recorded a realized gain of approximately $60,000 on the sale of 3,000,000 shares. The remaining balance of Tigera's investment in Semi-Tech (Global) consists of 15,300,000 shares and 1,830,000 warrants. As of March 31, 1992, the market value of this investment exceeded the recorded cost by approximately $290,000. As a result of the sale of the Semi-Tech (Global) shares and the company's ongoing cost containment efforts, Tigera expects to record net income of approximately $100,000 for the three months ended March 31, 1992.
 Richard M. Bliss, chairman of Tigera, commenting on the results said, "While we are disappointed that we did not realize our goal of making as acquisition for Tigera in 1991, we are pleased that we have made a profit on our investment in the shares of Semi-Tech (Global). Because of this we expect to be profitable in the first quarter. We intend to continue to review business opportunities with the help of our new senior management and reconstituted board of directors, and to work diligently toward our goal of making a sound acquisition for the company."
 Tigera's 1991 results were negatively affected by the write-off of $1,190,000 representing the company's remaining book value of the subordinated loan to Panavision (Canada) Corporation, a subsidiary of Cinexus Capital Corporation. General and administrative expenses, including expenses relating to the company's search for acquisition candidates, were $1,985,000 in 1991 compared with $2,388,000 in 1990.
 Interest and dividend income decreased to $822,000 in 1991 from $1,326,000 in 1990. The decrease is attributed to lower cash and cash- equivalent balances as a result of the company's expenditures relating to revenue-earning equipment, investments in marketable securities, costs associated with the company's former computer business, the pursuit of acquisition opportunities and lower interest rates. The company had cash and equivalents of approximately $6.8 million as of March 31, 1992.
 -0- 4/3/92
 /CONTACT: Deborah A. Farrington of Tigera Group, 212-758-4316/
 (TYGR) CO: Tigera Group, Inc. ST: New York IN: CPR SU: ERN


AH-SM -- NY072 -- 5071 04/03/92 18:03 EST
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Date:Apr 3, 1992
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