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TJ SYSTEMS CORPORATION REPORTS PROFITABLE FIRST QUARTER

 HAUPPAUGE, N.Y., May 17 /PRNewswire/ -- TJ Systems Corporation (NASDAQ: TJSY) today reported 1993 first quarter earnings of $153,036 or 2 cents per share, compared to $201,356, or 3 cents per share for the same period in 1992. Revenues for the first quarter of 1993 were $2,773,211 compared to $2,832,940 in 1992. Total assets grew in the first quarter of 1993 to $29,104,822 from $28,976,083 in 1992. "The company continues to build a valuable lease portfolio which not only returns a consistent level of profitability but also appreciated through a balanced strategy of equipment diversification" explained Mr. Theodore J. Orlando, CEO and chairman.
 TJ SYSTEMS CORPORATION
 Quarter ended March 31: 1993 1992
 (Unaudited) (Audited)
 Revenues $2,773,211 $2,832,940
 Net earnings 153,036 201,356
 Earnings per share $0.02 $0.03
 Total assets 29,104,822 28,976,083
 Shareholders' equity 5,372,072 5,219,036
 Average weighted shares 8,177,719 6,981,526
 TJ Systems Corporation, headquartered in Hauppauge, specializes in high-tech equipment leasing and asset management services to blue-chip corporations which includes information processing, telecommunication and peripheral computer equipment.
 -0- 5/17/93
 /CONTACT: Theodore J. Orlando, chairman and CEO of TJ Systems, 516-273-9130, or Anthony J. DiMaio of Anthem Communications (investors), 212-943-8998, for TJ Systems Corporation/
 (TJSY)


CO: TJ Systems Corporation ST: New York IN: SU: ERN

SH-TS -- NY042 -- 9123 05/17/93 10:50 EDT
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Publication:PR Newswire
Date:May 17, 1993
Words:244
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