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TRAVEL PORTS OF AMERICA, INC. REPORTS EARNINGS

ROCHESTER, N.Y., March 7 /PRNewswire/ -- Travel Ports of America, Inc. (Nasdaq: TPOA) reported earnings of $267,180, or $.05 per share for the quarter ended January 31, 1996, versus $286,917 or $.05 per share for the prior year. Revenue for the quarter of $40,168,832 was $2,639,769 or 7% greater than the $37,529,063 for the prior year despite no longer having a facility in South Carolina this year. Same store revenues were up $3,139,000 or 8.5% versus the third quarter of last year.

Earnings for the first nine months were $1,488,810, or $.28 per share versus $1,562,278, or $.30 for the prior year. Revenues for the first nine months of $117,915,138 were $3,134,728 or 2.7% greater than the $114,780,410 for the prior year. Revenues on a same store basis increased $5,295,000 or 4.7% over last year.

John Holahan, President, said "It is encouraging that same store sales increased 8.5% for the quarter."

Travel Ports, headquartered in Rochester, operates 15 travel plazas in seven states (New York, New Jersey, Pennsylvania, New Hampshire, Maryland, North Carolina and Indiana).
 TRAVEL PORTS OF AMERICA, INC.
 SUMMARY OF RESULTS
 For the quarter ended January 31
 1996 1995
 REVENUE $40,168,832 $37,529,063
 NET INCOME $ 267,180 $ 286,917


NET INCOME PER SHARE
 PRIMARY $ .05 $ .05
 FULLY DILUTED $ .05 $ .05


AVERAGE NUMBER OF COMMON AND COMMON

EQUIVALENT SHARES
 PRIMARY 5,343,005 5,309,167
 FULLY DILUTED 6,893,005 5,316,943
 For the nine months ended January 31
 1996 1995
 REVENUE $117,915,138 $114,780,410
 NET INCOME $ 1,488,810 $ 1,562,278


NET INCOME PER SHARE
 PRIMARY $ .28 $ .30
 FULLY DILUTED $ .24 $ .29


AVERAGE NUMBER OF COMMON AND COMMON

EQUIVALENT SHARES
 PRIMARY 5,382,414 5,286,883
 FULLY DILUTED 6,941,078 5,308,041
 -0- 3/7/96


/CONTACT: John M. Holahan or William Burslem III, Travel Ports of America, Inc., 716-272-1810/

(TPOA) CO: Travel Ports of America, Inc. ST: New York IN: LEI SU: ERN

SH-DW -- NYTH084 -- 1264 03/07/96 15:50 EST
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Publication:PR Newswire
Date:Mar 7, 1996
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