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TRANS-LUX CORPORATION ANNOUNCES INCREASED THIRD QUARTER REVENUES AND EARNINGS

 NORWALK, Conn., Nov. 8 /PRNewswire/ -- Trans-Lux Corporation's (AMEX: TLX) Chairman Richard Brandt today announced higher revenues and earnings for the third quarter and for the nine month period ending Sept. 30, 1993.
 Gross revenues for the quarter and nine months were $9.4 million and $24.9 million respectively, up from $6.3 million and $17.6 million for 1992. Trans-Lux had net income of $161,000 (13 cents per share) and $444,000 (36 cents per share) for the third quarter and nine months respectively, compared with $82,000 (7 cents per share) and $238,000 (19 cents per share) for the prior year. The 1992 results have been restated to reflect the company's retroactive adoption of SFAS No. 109, "Accounting for Income Taxes," which, for the quarter ended Sept. 30, 1992, reduced earnings per share by 1 cent.
 Mr. Brandt said that the company's higher revenues and earnings were primarily attributable to an increase in sales of indoor information displays, certain of which are being recognized on a percentage of completion basis. He also cited the performance of the company's base of outdoor displays, as well as a continued upswing in the entertainment division.
 As previously announced, the company's board of directors authorized payment in January 1994 of an increased quarterly cash dividend, raising it by nearly 17 percent to 3.5 cents per share on the company's common stock and 3.15 cents per share on the company's class B stock. Mr. Brandt further stated that the absorption of the company's recent acquisition of an outdoor sign portfolio of approximately 1,200 lease and maintenance agreements has thus far proceeded satisfactorily.
 Trans-Lux Corporation, whose securities are traded on the American Stock Exchange under the symbol "TLX," 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, as well as various communication terminal products. Trans-Lux displays are used primarily in applications for the banking, financial, transportation, corporate, and gaming markets. The entertainment division operates a chain of motion picture theatres in the Southwestern United States.
 TRANS-LUX CORPORATION
 Results of Operations
 Unaudited
 For the periods ended Three Months Nine Months
 Sept. 30, 1993 1992 1993 1992
 Gross revenues $9,373,000 $6,254,000 $24,918,000 $17,648,000
 Income before taxes 293,000 155,000 808,000 451,000
 Net income(A) 161,000 82,000 444,000 238,000
 Earnings per share(A) $0.13 $0.07 $0.36 $0.19
 Average common shares
 outstanding 1,248,862 1,249,887 1,249,438 1,249,281
 (A) -- 1992 has been restated to reflect the effect of the retroactive adoption of SFAS No. 109, "Accounting for Income Taxes."
 -0- 11/8/93
 /CONTACT: Victor Liss of Trans-Lux, 203-853-4321/
 (TLX)


CO: Trans-Lux Corporation ST: Connecticut IN: ENT CPR SU: ERN

LG-TW -- NY076 -- 1839 11/08/93 14:17 EST
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Publication:PR Newswire
Date:Nov 8, 1993
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