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TRANSAMERICAN WASTE REPORTS THIRD QUARTER RESULTS

 HOUSTON, July 12 /PRNewswire/ -- TransAmerican Waste Industries, Inc. (NASDAQ-NMS: WSTE) reported third quarter revenues of $3,093,000 resulting in net income of $107,000 for the three months ended May 31, 1993, as compared with revenues of $2,213,000 resulting in a net loss of $176,000 for the second quarter ended Feb. 28, 1993. Results for the third quarter ended May 31, 1992 were revenues of $3,235,000 and net income of $546,000.
 For the nine months ended May 31, 1993, revenue was $7,429,000 resulting in net income of $132,000 as compared to revenues of $7,528,000 and net income of $1,502,000 for the same period in 1992.
 The decrease in net income for the third quarter and the nine months compared with the prior year results is attributable to the increase of general and administrative expenses as a result of the increased staffing and related costs necessary to effectively build and manage the company.
 TransAmerican Waste Industries, Inc. is an environmental solutions company involved in the transportation, processing and disposal of solid and industrial waste. Operations also include environmental consulting and engineering and remediation contracting services. The company's common stock is traded on the National Market System under the NASDAQ symbol WSTE.
 TRANSAMERICAN WASTE INDUSTRIES, INC.
 Summary Data Table
 Three Months Ended May 31, 1993 1992
 Revenues $ 3,093,000 $ 3,235,000
 Gross margin $ 1,308,000 $ 1,170,000
 General and administrative
 expense $ 650,000 $ 255,000
 Income before income taxes $ 155,000 $ 793,000
 Net income $ 107,000 $ 546,000
 Earnings per share $ 0.01 $ 0.05
 Weighted average shares
 outstanding 15,237,000 11,946,000
 Nine Months Ended May 31, 1993 1992
 Revenues $ 7,429,000 $ 7,528,000
 Gross margin $ 2,887,000 $ 2,979,000
 General and administrative
 expense $ 1,959,000 $ 393,000
 Income before income taxes $ 115,000 $ 2,249,000
 Net income $ 132,000 $ 1,502,000
 Earnings per share $ 0.01 $ 0.15
 Weighted average shares
 outstanding 14,840,000 10,222,000
 -0- 7/12/93
 /CONTACT: Tommy Fatjo, vice president of TransAmerican Waste Industries, Inc., 713-956-1212/
 (WSTE) CO: TransAmerican Waste Industries, Inc. ST: Texas IN: ENV SU: ERN


SH -- NY070 -- 0523 07/12/93 15:04 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
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