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WILLIAMS INDUSTRIES, INC. RELEASES FIRST QUARTER RESULTS

 FALLS CHURCH, Va., Dec. 9 /PRNewswire/ -- Williams Industries, Inc. (NASDAQ: WMSI) today announced its results for the first quarter of Fiscal 1994, which ended October 31, 1993. The company reported losses of $971,132 on revenue of $12,292,740. Due to changes in accounting methods to allow for the company's discontinued operations, comparisons between this quarter and prior periods are not possible.
 CEO Frank E. Williams, Jr. said that the losses were primarily attributable to problems experienced by companies within the contingent group. All of the contingent group assets and companies are entities which will be sold, liquidated, or restructured as part of the massive reorganization now underway. The proceeds from these actions will be used to pay off bank debt.
 The company's core operations fared much better, Williams said. The core companies represent those businesses which will remain after the company completes its restructuring.
 "It is heartening to note that the core group of continuing operations, on a stand-alone basis, produced profitable results for the quarter," Williams said, adding, "Management believes that these profits, although not yet significant, are a clear indication that the decisions made for the company's future are on target."
 -0- 12/9/93
 /CONTACT: Marianne V. Pastor of Williams Industries, 703-560-5196/


CO: Williams Industries, Inc. ST: Virginia IN: CST SU: ERN

LG -- NY057 -- 2270 12/09/93 14:18 EST
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Publication:PR Newswire
Date:Dec 9, 1993
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