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WILSON BROTHERS REPORTS RESULTS

 WILSON BROTHERS REPORTS RESULTS
 MIAMI, May 15 /PRNewswire/ -- Wilson Brothers (PSE) announced


today results of operations for the quarter ended March 31, 1992.
 For the three months ended March 31, 1992 net sales were $2.4 million compared to $3.5 million in the same quarter of the prior year. The company reported a net loss of $496,000 or $.15 per share in the current year's quarter compared to net earnings of $133,000 or $.04 per share in the prior year's comparable quarter.
 WILSON BROTHERS AND SUBSIDIARIES
 (Unaudited)
 Three Months Ended
 March 31,
 1992 1991
 (In thousands, except
 per share amounts)
 Net sales $ 2,395 3,512
 Earnings (loss) before
 extraordinary credit $ (496) 86
 Extraordinary credit -- utilization
 of operating losses
 carried forward -- 47
 Net earnings (loss) $ (496) 133
 Earnings (loss) per common and
 equivalent share (A):
 Before extraordinary credit $ (.15) .03
 Extraordinary credit -- .01
 Net earnings (loss) per share $ (.15) .04
 Average number of common and
 equivalent shares outstanding
 during the period (A) 3,321 4,278
 (A) -- Loss per share for the three months ended March 31, 1992 has been computed using only the weighted average number of outstanding shares of common stock (3,321,039), since the inclusion of common stock equivalents would be antidilutive. Earnings per share for the three months ended March 31, 1991 has been computed using the weighted average number of outstanding shares of common stock (3,321,039) and common stock equivalents (956,937 shares issuable upon conversion of a certain note payable) after adjusting net earnings for the reduction of interest expense from the assumed conversion of such note.
 -0- 5/15/92
 /CONTACT: Charles Nolan of Wilson Brothers, 305-866-7771/ CO: Wilson Brothers ST: Florida IN: SU: ERN


AW-JJ -- FL028 -- 1016 05/15/92 18:07 EDT
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Publication:PR Newswire
Date:May 15, 1992
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