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TRANSCOR WASTE SERVICES ANNOUNCES 63 PERCENT INCREASE IN REVENUE AND SIGNIFICANT INCREASES IN NET INCOME FOR THE FIRST QUARTER

 TAMPA, Fla., April 12 /PRNewswire/ -- TransCor Waste Services, Inc. (NASDAQ: TRCW) today announced significant first quarter increases in revenue and net income. Revenue for the quarter ended March 31, 1993, was $5,550,000 compared to $3,413,000 for the same period in 1992. Net income was $422,000 or $.14 per share, compared with net income of $9,000, or less than $.01 per share in 1992.
 The initial public offering of 25 percent of TransCor Waste Services, Inc. ("TransCor"), which is 74 percent owned by Kimmins Environmental Service Corp. (NYSE: KVN), for $5 million was announced on March 26, 1993. Kimmins Environmental Service Corp. is headquartered in Tampa, Fla., and provides, through TransCor, solid waste management services; and environmental industrial services, including infrastructure development, dismantling and abatement, hazardous waste remediation, and mobile incineration.
 Francis M. Williams, chairman of TransCor, commented, "Results for the first quarter represent continued strengthening in TransCor's operations due to greater volume and market penetration and in part to the recovering economy in Florida."
 TRANSCOR WASTE SERVICES
 Quarter Ended March 31,
 1993 1992
 Gross revenue $5,550,000 $3,413,000
 Net income $422,000 $9,000
 Earnings per share $.14 $.00
 Weighted average shares
 outstanding 3,077,778 3,000,000
 TransCor provides solid waste management services to commercial, industrial and residential customers in the state of Florida. TransCor's services include transfer, collection, transportation, segregation, recycling, demolition and disposal. TransCor is headquartered in Tampa, Fla., and operates facilities in Miami, Dade County; Clearwater, Pinellas County; Tampa, Hillsborough County; Jacksonville, Duval County; and Lantana, Palm Beach County.
 -0- 4/12/93
 /CONTACT: S. David Silver of TransCor Waste Services, Inc., 813-247-0182/
 (TRCW KVN)


CO: TransCor Waste Services, Inc. ST: Florida IN: SU: ERN

SS-JB -- FL010 -- 4771 04/12/93 12:34 EDT
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Publication:PR Newswire
Date:Apr 12, 1993
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