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TRANSAMERICAN WASTE REPORTS INCREASED EARNINGS AND REVENUES

 TRANSAMERICAN WASTE REPORTS INCREASED EARNINGS AND REVENUES
 HOUSTON, Nov. 13 /PRNewswire/ -- TransAmerican Waste Industries, Inc. (NASDAQ-NMS: WSTE), today reported net income of $2,035,000, or $.18 per share, on revenues of $10,562,000 for the year ended Aug. 31, 1992, as compared with net income of $1,411,000, or $.15 per share, on revenues of $6,711,000 for the year ended Aug. 31, 1991. The 44 percent increase in net income was attributable to increased revenues in all divisions of the company's business.
 For the three months ended Aug. 31, 1992, net income was $533,000, or $.04 per share, on revenues of $3,034,000. This represents a 19 percent increase over the $447,000, or $.05 per share, that was earned on revenues of $1,918,000 for the same period in 1991.
 On April 2, 1992, TransAmerican acquired all of the outstanding capital stock of G.C. Environmental, Inc., and in connection with the transaction, TransAmerican changed its fiscal year end from Dec. 31 to Aug. 31. The transaction was accounted for as a reverse acquisition. Therefore, only five months of operating results from the engineering group are reflected in these earnings.
 TransAmerican is an environmental solutions company engaged in a variety of waste management operations, including the processing and disposal of wastewater sludge, construction of special waste disposal sites and environmental engineering, consulting and design of water pollution control equipment. In addition, the company has recently acquired a crude oil recovery operation located in Kilgore, Texas, and a waste management company engaged primarily in the marketing of third party solid waste disposal capacity in the northeastern United States. The company has also entered into option agreements to acquire a sanitary landfill in southeast Ohio and a solid waste transfer station and recycling center in Newark, N.J. Earlier this month, the company announced that it has signed a letter of intent to acquire a non- hazardous special waste landfill located west of Hobbs, N.M. The company's common stock is traded on the National Market System under the NASDAQ symbol WSTE.
 TRANSAMERICAN WASTE INDUSTRIES, INC.
 Summary Data Table
 Year ended Aug. 31 1992 1991
 Revenues $10,562,000 $ 6,711,000
 Operating Income 3,824,000 2,268,000
 Corporate Overhead 923,000 --
 Pre-Tax Income 2,731,000 2,126,000
 Net Income (A) $ 2,035,000 $ 1,411,000
 Earnings Per Share (A) $0.18 $0.15
 Weighted Average Shares Outstanding 11,063,000 9,350,000
 Three months ended Aug. 31 1992 1991
 Revenues $ 3,034,000 $ 1,918,000
 Operating Income 1,068,000 713,000
 Corporate Overhead 530,000 --
 Pre-Tax Income 482,000 655,000
 Net Income (A) $ 533,000 $ 447,000
 Earnings Per Share (A) $0.04 $0.05
 Weighted Average Shares Outstanding 13,535,000 9,350,000
 (A) -- Includes extraordinary gain of $233,000, or $.02 per share, recognized during the fourth quarter of fiscal 1992 from the utilization of net operating loss carryforwards.
 -0- 11/13/92
 /CONTACT: Tommy Fatjo, vice president of TransAmerican, 713-956-1212/
 (WSTE) CO: TransAmerican Waste Industries, Inc. ST: Texas IN: SU: ERN


GK -- NY066 -- 0836 11/13/92 16:10 EST
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Date:Nov 13, 1992
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