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WINSTON RESOURCES, INC. ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER ENDED MARCH 31, 1993

 NEW YORK, May 21 /PRNewswire/ -- Winston Resources, Inc. (AMEX: WRS) today reported revenues and operating results for the first quarter ended March 31, 1993.
 During the quarter ended March 31, 1993, the company's net income was $38,217 or $.01 per share, on revenues of $4,392,845. This compared with a net loss of $64,155 or $.02 per share, on revenues of $3,799,378 for the prior year's first quarter.
 "I am very pleased to report that this past profitable quarter, after several unprofitable years, was accomplished by our ongoing cost control programs and the dedication and efforts of our management teams" Sy Kaye, Winston's president and chief executive officer noted.
 Operating expenses for the three-month period ended March 31, 1993 increased approximately 12 percent over the comparable period of 1992. The increase resulted primarily from increased temporary help compensation and related costs on an increase in temporary help sales of approximately 22 percent.
 Although permanent placement business is still sluggish and can impact on subsequent periods, management is optimistic that with a continued improved general economic recovery and the continuation of its cost controls and aggressive marketing, operating results should benefit in subsequent periods.
 Winston Resources, Inc., founded in 1967, provides a wide range of personnel recruiting, placement and temporary help services through company-owned offices and franchises to businesses, institutions and government agencies.
 WINSTON RESOURCES, INC., AND SUBSIDIARIES
 Consolidated Statements of Income
 Three months ended March 31 1993 1992
 Net service revenues and other income $4,392,845 $3,799,378
 Net income (loss) 38,217 (64,155)
 Net income (loss) per share .01 (.02)
 Weighted average number of
 common shares outstanding 2,892,889 2,886,500
 -0- 5/21/93
 /CONTACT: David Frankel, chief accounting officer of Winston Resources, Inc., 212-557-5000/
 (WRS)


CO: Winston Resources, Inc. ST: New York IN: SU: ERN

TS-OS -- NY033 -- 1214 05/21/93 12:54 EDT
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Date:May 21, 1993
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