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TJ SYSTEMS REPORTS RECORD FOURTH QUARTER AND 1992 YEAR END RESULTS

 HAUPPAUGE, N.Y., March 8 /PRNewswire/ -- TJ Systems Corporation (NASDAQ: TJSY) today reported operating results for its fourth quarter and fiscal year ended Dec. 31, 1992.
 Fourth Quarter Revenue and Earnings
 For the quarter, the company reported total revenues of $3.6 million, up 50 percent from the prior year period. During the fourth quarter, TJ Systems wrote new lease with minimum lease rental of $3.3 million, compared with $1.7 million from the prior year period, an increase of 94 percent. The company reported net earnings of $181,000 or $.03 per share, vs. $28,000 or $.00 per share for the prior year period.
 Year End Revenue and Earnings
 For the year ended Dec. 31, 1992, the company reported total revenues of $12.9 million, vs. $9.3 million for the prior year period. Net earnings for the 12 months was $826,000 or $.12 per share, vs. $608,000 or $.11 per share for 1991.
 The significant increase in both revenue and net earnings is attributable to the profitable remarketing of the portfolio by TJ Systems Sales group.
 Theodore J. Orlando, chairman and president, stated, "Our 1992 results were in line with our expectations. For the fifth consecutive year, we have reported growth in both revenue and net earnings. Our 1993 growth objective will be facilitated by a maturing lease portfolio, expanded business lines and a continued commitment to providing innovative solutions to our customers' needs. We look forward to the challenges of 1993 with both determination and enthusiasm."
 TJ Systems provides solutions that help businesses acquire, manage and protect their high-tech assets. The company sells, leases and remarkets a wide variety of information processing and communications equipment including midrange computers, telecommunications systems, peripherals and point-of-sales systems.
 1992 1991
 Shares Fully Weighted 7,129,867 5,366,739
 Total outstanding shares 7,687,341 6,981,526
 -0- 3/8/93
 /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, for TJ Systems/
 (TJSY)


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

TS-GK -- NY071 -- 4137 03/08/93 15:16 EST
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Publication:PR Newswire
Date:Mar 8, 1993
Words:359
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