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TRANSNET CORPORATION ANNOUNCES FIRST QUARTER RESULTS

 BRANCHBURG, N.J., Oct. 25 /PRNewswire/ --TransNet Corporation (NASDAQ: TRNT) announced its results for the first quarter ended Sept. 30, 1993.
 For the first quarter ended Sept. 30, 1993, the corporation reported earnings of $80,010, or $0.02 per share, on the quarter's revenues of $8,170,113, as compared to earning of $48,004 or $0.01 per share on revenues of $6,826,557 in the same period in the prior year.
 Commenting on the results, Steven J. Wilk, TransNet president, "We are pleased with our results for the first quarter of fiscal 1994. We are experiencing a high level of demand for our TechNet service program, which outsources trained certified network engineers, system engineers and service technicians at customer sites on a full-time contract basis for network design and implementation, product testing, software support, hardware repair, training, and corporate relocation.
 "The 20 percent increase in revenue is attributable to favorable customer response to our support related incentives for large volume accounts which result in greater savings and higher levels of support for our customers who bundle hardware and support sales to TransNet. In addition, we have increased business from new accounts who are in need of the value-added services that TransNet provides.
 "Our profit margins of 15.3 percent, which we believe to be among the highest in the industry, and our commitment to strong cost controls combined for an operating net income of $80,010 or $.02 per share for the quarter ended Sept. 10, 1993, compared to $48,004 or $.01 per share for the quarter ended Sept. 30, 1992.
 "We are cautiously optimistic regarding the remainder of our fiscal year. We look forward to continued success and are confident in our ability to increase shareholder value."
 TransNet Corporation is a leading sales and support organization for IBM, Apple, HP, Compaq, NEC, and Sun personal computers and peripherals. Novell/Token Ring and 3Com networks, and provider of system integration and repair/maintenance services and user training. In addition to the commercial sales and service operations 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
 Periods ended Sept. 30 Three Months
 1993 1992
 Revenues $8,170,113 $6,826,557
 Earnings $ 80,010 $ 48,004
 Earning per share $ 0.02 $ 0.01
 -0- 10/25/93
 /CONTACT: Steven J. Wilk of TransNet Corporation, 908-253-0500/
 (TRNT)


CO: TransNet Corporation ST: New Jersey IN: CPR SU: ERN

TM -- NY007 -- 6109 10/25/93 08:01 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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