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WESTBRIDGE CAPITAL REPORTS FIRST QUARTER RESULTS

 WESTBRIDGE CAPITAL REPORTS FIRST QUARTER RESULTS
 FORT WORTH, Texas, May 5 /PRNewswire/ -- Westbridge Capital Corp. (AMEX: WBC), a health insurance holding company, today reported that net income for the first quarter ended March 31, 1992 rose to $248,000, equal to $.06 per share, compared with net income of $104,000 or $.03 per share, reported in the corresponding period of 1991. Total revenues amounted to $14,766,000 for the recent quarter versus $15,479,000 in the year-ago period.
 Martin E. Kantor, chairman and president, stated: "New product introductions and accelerated marketing activity, delayed until the end of last year, will begin to impact premium revenues in the current quarter. This, together with tight expense controls, should result in continued sharp improvment in net income over the balance of the year."
 WESTBRIDGE CAPITAL CORP.
 First Quarter Ended March 31
 ($000s omitted, except per share data)
 1992 1991
 Total revenues $14,766 $15,479
 Net income 248 104
 Net inc. per share $.06 $ .03
 Weighted avg. shares outst. 4,199,000 4,148,000
 -0- 5/5/92
 /CONTACT: Michael C. Batte, vice president and chief financial officer of Westbridge Capital, 817-878-3300/
 (WBC) CO: Westbridge Capital Corp. ST: Texas IN: INS SU: ERN


KD-SB -- NY023 -- 6431 05/05/92 09:57 EDT
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Publication:PR Newswire
Date:May 5, 1992
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