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TRANSNET ANNOUNCES PROFIT AND RECORD REVENUES IN YEAR END RESULTS

 TRANSNET ANNOUNCES PROFIT AND RECORD REVENUES IN YEAR END RESULTS
 BRANCHBURG, N.J., Aug. 12 /PRNewswire/ -- TransNet Corporation (NASDAQ: TRNT) announced its results for the fourth quarter and fiscal year ended June 30, 1992. In making the announcement, TransNet noted that revenues for fiscal 1992 were a record for any year in the corporation's history.
 For the fourth quarter ended June 30, 1992, the corporation reported earnings of $42,249 or $0.01 per share, on the quarter's revenues of $6,268,394 as compared to a loss of $1,394,400 or $0.28 per share on revenues of $6,388,085 in the same period in the prior year.
 For the fiscal year ended June 30, 1992, TransNet reported earnings of $80,785 or $0.02 per share on the record revenues of $28,791,420 as compared with a loss of $1,921,430 or $0.38 per share on revenues of $26,801,761 for the fiscal year ended June 30, 1991.
 Commenting on the results, Steven J. Wilk, TransNet president, said, "We are pleased with our return to profitability and record revenues. We are further gratified by the success of our sales and marketing plan, which yielded higher profit margins throughout the year. The success of our value-added approach and our service, support and training programs may be measured by the growing acceptance of the programs by our customers, as evidenced by the fact that in excess of 50 percent of the year's profit was realized during the fourth quarter. Many customers have designated TransNet as their "vendor of choice."
 "While there are lingering uncertainties about the national economy, we are cautiously optimistic regarding our future. We remain committed to providing our customers with unparalleled quality of service and support, as well as adhering to our internal cost controls. As we progress and continue to enhance our services, TransNet's goal is to realize a significant earnings increase in fiscal 1993. We are committed to pursuing all avenues that will generate maximum value for both our customers and shareholders."
 TransNet Corporation is a leading dealer of personal computers, peripheral and related equipment service and supplies. In addition to the commercial sales and service conducted from its Branchburg headquarters, TransNet operates a retail store and service center in Lebanon, N.J.
 TRANSNET CORPORATION AND SUBSIDIARIES
 Consolidated Statements Of Operations
 Three months ended June 30 1992 1991
 Revenues $6,268,394 $6,388,085
 Earnings 42,249 (1,394,400)
 Earnings Per Share 0.01 (0.28)
 Year ended June 30 1992 1991
 (Audited)
 Revenues $28,791,420 $26,801,761
 Earnings 80,785 (1,921,430)
 Earnings per Share 0.02 (0.38)
 Weighted Average Number of
 Common Shares Outstanding 5,041,804 5,057,503
 -0- 8/12/92
 /CONTACT: Steven J. Wilk of the TransNet, 908-253-0500/
 (TRNT) CO: TransNet Corporation ST: New Jersey IN: CPR SU: ERN


SM-DC -- NY002 -- 9215 08/12/92 08:00 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
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