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UNIVERSAL SEISMIC ASSOCIATES, INC. ANTICIPATES LOSS FOR QUARTER ENDED JUNE 30, 1993

 SUGAR LAND, Texas, July 26 /PRNewswire/ -- Universal Seismic Associates, Inc. (NASDAQ-NMS: USAC) today announced that it anticipates a loss of approximately $1 million for its fourth fiscal quarter ended June 30, 1993, due primarily to slower-than-anticipated start-up of its second and third 3-D crews and poor weather conditions. The company also had no 2-D data sales in the quarter. The company experienced record quarterly revenues of approximately $2.2 million all of which were from 3-D geophysical surveys. The company expects improved operating results in its next fiscal quarter due to a strong backlog of contracts (approximately $7 million), recent improvements in pricing of 3-D surveys, anticipated improved weather and crew performance and cost- cutting measures. The company anticipates releasing final fourth quarter and annual earnings in early August 1993.
 The company is primarily a provider of three-dimensional seismic acquisition services to the energy industry in the United States.
 -0- 7/26/93
 /CONTACT: Cal Cobb, CFO of Universal Seismic Associates, Inc., 713-240-3388/
 (USAC)


CO: Universal Seismic Associates, Inc. ST: Texas IN: SU: ERP

CK -- NY033 -- 5628 07/26/93 10:53 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
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