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VIROGROUP REPORTS STRONG FOURTH-QUARTER AND YEAR-END RESULTS

 VIROGROUP REPORTS STRONG FOURTH-QUARTER AND YEAR-END RESULTS
 CAPE CORAL, Fla., Nov. 9 /PRNewswire/ -- ViroGroup, Inc. (NASDAQ: VIRO) announced today that it had increased gross revenues and net income for the fiscal year and fourth quarter ended Aug. 31, 1992, according to Robert A. Fletcher, chairman and chief executive officer. Fourth quarter earnings per share grew 46 percent, despite average shares outstanding growing 116 percent. For the full fiscal year, earnings per share grew 9 percent, despite a 68 percent increase in outstanding shares.
 Fourth-quarter net income increased over 200 percent to $606,200 as compared with $200,000 in the quarter ended Aug. 31, 1991. Earnings per share were $.19 as compared with $.13 in fourth quarter fiscal 1991. Gross revenues for the quarter improved 166 percent to $8,436,700 from $3,172,000 the previous year.
 As announced earlier, the stronger-than-ordinary fourth quarter figures incorporate the results of ETE for the five months since its acquisition April 1. This was partially offset by reduced business and lost work days in the Southern Florida offices due to the effects of Hurricane Andrew.
 Fiscal Year 1992
 During the year, net income rose 81 percent to $1,204,000, over the $667,000 in fiscal 1991. Earnings per share were $.48, up from $.44 in the prior year despite the 68 percent increase in the number of shares outstanding resulting from the company's initial public offering in December 1991, and the company's acquisitions of ETE for a combination of stock and cash. Gross revenues were $19,187,100 a 77 percent increase over $10,839,000 last year. Results for the year and the fourth quarter include those of ETE, Inc., acquired April 1, 1992.
 "We regard with great satisfaction our accomplishments during the year, which included not only strong revenue and profit gains, but also our successful initial public offering, the ETE acquisition, the steady expansion of our network of branch offices throughout the United States and a steady stream of new private industry customers," Fletcher said.
 "Despite the tough economic environment, we have demonstrated our ability to grow by concentrating on the marketing of our services, meeting the demands of our clients and by maintaining the highest standards on the work we perform. This focus has led to our increased market penetration, despite the competitive pressures that exist today. We believe that these principles will allow to gain further increases in both market share and revenues in the future," Fletcher said.
 "Importantly, in a business where the skills, service and dedication of our professional staff are so important, we have had the additional satisfaction of watching the professional staffs of both our predecessor companies, Missimer & Associates and ETE, coalesce into a strong, technologically innovative and cost-effective environmental services team," Fletcher added.
 ViroGroup offers a full range of environmental, hydrogeological and hazardous and solid waste management services to its customers nationwide. Most of its revenues are derived from the assessment and remediation of groundwater and soil contamination and the design, permitting, construction management and compliance monitoring of hazardous and solid waste management facilities.
 The company has offices in Bakersfield and El Centro, Calif.; Cape Coral (headquarters), Jacksonville, Miami, Orlando, Palm Beach Gardens, Pensacola and Tampa, Fla.; Atlanta; New Orleans; Slate Hill, N.Y.; Charleston, Greer and Lexington, S.C.; and Dallas, Houston and San Antonio, Texas.
 VIROGROUP, INC. AND SUBSIDIARIES
 Consolidated Statement of Income
 (Unaudited, in thousands, except per share amounts)
 Periods Ended Three Months 12 Months
 Aug. 31 1992(A) 1991 Percent 1992(A) 1991 Percent
 Change Change
 Gross revenues $8,436.7 $3,172.0 166 $19,187.1 $10,839.0 77
 Net income 606.2 200.0 203 1,204.0 667.0 81
 Earns. per com.
 share $0.19 $0.13 46 $0.48 $0.44 9
 Weighted avg. no.
 of shares
 outstanding 3,232.5 1,500.0 116 2,525.3 1,500.0 68
 (A) -- Includes the results of ETE, since its acquisition April 1, 1992. During the second quarter of fiscal 1992, ViroGroup completed a public offering of 1,180,000 addition common shares.
 -0- 11/9/92
 /CONTACT: Robert A. Fletcher of ViroGroup, 813-574-1919/
 (VIRO) CO: ViroGroup, Inc. ST: Florida IN: SU: ERN


TS-PS -- NY067 -- 8731 11/09/92 13:04 EST
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Date:Nov 9, 1992
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