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TJ SYSTEMS CORPORATION REPORTS THIRD QUARTER EARNINGS

 HAUPPAUGE, N.Y., Nov. 11 /PRNewswire/ -- TJ Systems Corporation (NASDAQ: TJSY) today reported third quarter revenues of $3,853,223, a 47 percent increase compared to $2,617,832, for the same quarter in 1992. Net earnings for the third quarter were $187,559, or $0.02 per share versus $187,074, or $0.03 per share for the same period in 1992. For the nine month period ending Sept. 30, 1993, the Company reported total revenues of $9,194,311, versus $9,337,198, for the prior nine months period year. Net earnings for the first nine months of 1993 were $508,310, or $0.06 per share, versus $644,558, or $0.09 per share for the first nine months of 1992.
 During the third quarter of 1993, TJ Systems entered into new lease agreements with total lease payments of $6.8 million for the initial lease terms. This represents the largest volume of new leases written in any quarter in the Company's history and was fueled by infusing equity from the Company's public offering completed earlier in the quarter.
 TJ Systems Corporation, through its wholly owned subsidiary TJ Computer Services, Inc., is engaged in the leasing of a wide variety of computer and telecommunications equipment to large corporations including: The Hertz Corporation, Tiffany & Co., Bed Bath & Beyond and Grumman Aerospace, which have extensive information and teleprocessing needs.
 TJ SYSTEMS CORPORATION
 Summary Financial Information
 Sept. 30, 1993
 Period ending Three months Nine months
 Sept. 30, 1993 1992 1993 1992
 Revenues:
 Sales-type $ 322,989 $ 597,945 $1,321,479 $3,184,796
 Direct finance 82,571 184,353 330,378 657,597
 Operating lease 2,204,317 1,577,681 6,085,479 4,411,010
 Total lease revenues 2,609,877 2,359,979 7,737,336 8,253,403
 Direct sales 1,164,130 151,500 1,291,730 760,722
 Other 79,216 106,353 165,245 323,073
 Total revenues 3,853,223 2,617,832 9,194,311 9,337,198
 Earnings before taxes 308,266 332,284 836,625 1,074,264
 Net earnings 187,559 187,074 508,310 644,558
 Net earnings per
 common share:
 Primary 0.02 0.03 0.06 0.09
 Fully diluted 0.02 0.03 0.06 0.09
 Weighted average number
 of shares and common
 equivalents:
 Primary 8,330,732 7,001,225 8,101,651 6,988,164
 Fully diluted 11,684,644 7,001,225 9,231,906 6,988,164
 -0- 11/11/93
 /CONTACT: Theodore J. Orlando, chairman and CEO of TJ Systems, 516-273-9130, or Anthony J. DiMaio, investor relations of Anthem Communications, 212-943-8998/
 (TJSY)


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

WB-MP -- NY036 -- 3273 11/11/93 13:32 EST
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Publication:PR Newswire
Date:Nov 11, 1993
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