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TM CENTURY ANNOUNCES OPERATING RESULTS FOR THIRD QUARTER FISCAL '93

 DALLAS, Aug. 10 /PRNewswire/ -- TM Century, Inc. (NASDAQ: TMCI) reported for the third consecutive quarter ended June 30, 1993 earnings gains in excess of 100 percent over the prior year.
 Net income rose to $151,000 or $.06 per share, on revenues of $2.18 million for the third fiscal quarter. This compares with net income of $17,000, or $.01 per share, on revenues of $2.20 million for the previous year's third quarter. Average shares outstanding decreased from the prior year as a result of the purchase of shares from a former executive in August 1992.
 For the first nine months of fiscal 1993, net income rose to $624,000 or $.25 per share, on revenues of $6.87 million as compared to net income of $272,000, or $.10 per share, on revenues of $6.95 million for the same period of the previous year.
 P. Craig Turner, chief executive officer stated, "These significant increases in net income when compared with the performance of one year ago are a result of continued cost reductions and efficiencies in all primary product lines. As the domestic radio broadcast market remains soft, we continue to focus on selling products with a higher profit margin, introducing new products, and improving the overall efficiency of the company. In the third quarter we incurred a $43,000 expense to retire assets associated with our move to a new building. The new facility allows us to consolidate operations in our Dallas headquarters and implement significant technological improvements related to the production of CD-ROM, multi-media and music products. These facilities will be exhibited to the industry in connection with the 1993 National Association of Broadcasters Radio convention in Dallas this September."
 TM Century creates, produces, markets, and distributes goods and services for radio stations worldwide. Products include special compilations of popular music on compact discs, instrumental backgrounds for commercials, sound effects, station identification jingles, radio station commercials produced for television broadcast, computer software used in music scheduling, and specialized computer equipment and compact disc players for radio stations.
 -0- 8/10/93
 /CONTACT: P. Craig Turner, chief executive officer, or Lynne Mabry, chief financial officer, 800-937-2100 or 214-247-8850, both of TM Century, Inc.
 (TMCI)


CO: TM Century, Inc. ST: Texas IN: ENT SU: ERN

MP -- NY033 -- 1118 08/10/93 10:25 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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