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WINSTON RESOURCES ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER ENDED MARCH 31, 1992

WINSTON RESOURCES ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER
 ENDED MARCH 31, 1992
 NEW YORK, May 15 /PRNewswire/ -- Winston Resources, Inc. (AMEX: WRS) today reported revenues and operating results for the first quarter ended March 31, 1992.
 During the quarter ended March 31, 1992, the company's net loss was $64,155 or $.02 per share, on revenues of $3,799,378. This compares with a net loss of $480,921 or $.17 per share, on revenues of $4,005,397 for the prior year's first quarter.
 "Despite the continued sluggish economy and decreased demand for permanent placement services, our substantially improved operating results were accomplished by our ongoing cost reductions and control program," according to Sy Kaye, Winston's president and chief executive officer.
 Operating expenses for the three-month period ended March 31, 1992 decreased 17 percent over the comparable period of 1991. "The decrease resulted from reduced compensation, compensation-related costs and reduced selling, general and administrative costs," Kaye noted.
 Management is optimistic that with the continuation of its cost controls, aggressive marketing and an improved general economic recovery, 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 1992 1991
 Net service revenues and other income $3,799,378 $4,005,397
 Net loss (64,155) (480,921)
 Net loss per share (.02) (.17)
 Weighted average number of
 common shares outstanding 2,886,500 2,886,500
 -0- 5/15/92
 /CONTACT: Louis Cordova of Winston Resources, 212-557-5000/
 (WRS) CO: Winston Resources, Inc. ST: New York IN: SU: ERN


TQ-OS -- NY039 -- 0663 05/15/92 10:42 EDT
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Date:May 15, 1992
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