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TRANS-LUX CORPORATION ANNOUNCES HIGHER THIRD QUARTER EARNINGS

 TRANS-LUX CORPORATION ANNOUNCES HIGHER THIRD QUARTER EARNINGS
 NORWALK, Conn., Nov. 9 /PRNewswire/ -- Trans-Lux Corporation (AMEX: TLX) today reported higher revenues and earnings for the third quarter and nine months ended Sept. 30, 1992. The announcement was made by Chairman Richard Brandt.
 Gross revenues for the third quarter were $6.3 million, compared to $5.7 million last year. Net income was $93,000 (8 cents per share) versus $82,000 (6 cents per share) in 1991. For the nine months, gross revenues were $17.6 million versus $16.2 million last year. The nine- month net income was $271,000 (22 cents per share) against $258,000 (19 cents per share) for the same period last year.
 "During the third quarter, we took a major step forward in our expansion into the outdoor sign market by completing the acquisition of American Electronic Displays' L.P. ("AED") outdoor sign portfolio of over 2,000 displays. A subsidiary of Trans-Lux had been operating the portfolio on AED's behalf during the period that AED was in Chapter 11," noted Mr. Brandt. "In addition to the size of the portfolio, the traditional sign technology of this lease base complements our advanced LED technology, making us a substantial participant in the outdoor electronic display market."
 Subsequent to the third quarter, Trans-Lux signed a letter of intent for $4.3 million to provide LED information displays for a new Chicago Mercantile Exchange trading floor, under which the company is proceeding with initial production. This arrangement remains subject to a binding agreement to be finalized. This installation, slated for the middle of 1993, will be a focal point of what is being called "the most modern trading floor in the world." In addition, subsequent to the third quarter, Trans-Lux sold the assets of its credit terminal business, which had been acquired in 1989. This divestiture, which will reflect a small profit in the fourth quarter, is in keeping with the company's focus on growth in the indoor and outdoor information display markets.
 Finally, commenting on a major development in the company's entertainment division, Mr. Brandt said: "Construction is nearly completed on the four-plex theater on land owned by the company in Taos, N.M. The grand opening is presently scheduled for Thanksgiving."
 Trans-Lux Corporation, whose securities are traded under the symbol "TLX" on the American Stock Exchange, has two operating divisions. The communications division designs, produces, leases, sells and services large-scale, multi-color information displays for both indoor and outdoor use, primarily for the banking, financial, transportation and gaming markets, as well as communication terminal products. The entertainment division operates a chain of motion picture theatres in the Southwest and certain other properties.
 TRANS-LUX CORPORATION
 Results of Operations
 (Unaudited)
 Periods ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Gross revenues $6,254,000 $5,664,000 $17,648,000 $16,204,000
 Income before taxes 155,000 137,000 451,000 430,000
 Net income $ 93,000 $ 82,000 $ 271,000 $ 258,000
 Earnings per share $0.08 $0.06 $0.22 $0.19
 Average common shares
 outstanding 1,249,887 1,250,418 1,249,281 1,323,633
 -0- 11/9/92
 /CONTACT: Victor Liss of Trans-Lux, 203-853-4321/
 (TLX) CO: Trans-Lux Corporation ST: Connecticut IN: SU: ERN


GK-LR -- NY082 -- 8788 11/09/92 14:30 EST
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Publication:PR Newswire
Date:Nov 9, 1992
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