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TSS LTD. REPORTS INCREASED REVENUES, LOSS CUT IN FIRST QUARTER

 TSS LTD. REPORTS INCREASED REVENUES, LOSS CUT IN FIRST QUARTER
 PROVIDENCE, R.I., Oct. 16 /PRNewswire/ -- TSS Ltd. (NASDAQ: TSSL) reported today that revenues for the first quarter, ended Aug. 31, 1992, were $412,095, up sharply from $4,898 for the first quarter in 1991. The net loss for the quarter was $792,232 or 3 cents a share, down form a loss of $840,237 or 6 cents share a year ago.
 The increased revenues were the result of TSS couponing programs in a greater number of stores in the first quarter this year compared to a year ago.
 TSS LTD.
 Financial Highlights
 (Unaudited)
 Three months ended Aug. 31: 1992 1991
 Revenues $412,095 $4,898
 Net loss 729,232 840,237
 Net loss per share $(.03) $(.06)
 Weighted average shares outstanding 22,028,069 13,812,954
 -0- 10/16/92
 /CONTACT: Michael A. Clark, president of TSS, Ltd., 401-421-8990, or John Swanson of Swanson Communications, Inc., 212-683-4890, for TSS/
 (TSSL) CO: TSS Ltd. ST: Rhode Island IN: REA SU: ERN


TS-CK -- NY040 -- 0970 10/16/92 13:00 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:183
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