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WINSTON RESOURCES ANNOUNCES RESULTS OF OPERATIONS FOR THE FOURTH QUARTER AND YEAR ENDED DEC. 31, 1991

WINSTON RESOURCES ANNOUNCES RESULTS OF OPERATIONS FOR THE FOURTH QUARTER
 AND YEAR ENDED DEC. 31, 1991
 NEW YORK, March 30 /PRNewswire/ -- Winston Resources, Inc. (AMEX: WRS), today reported revenues and loss for the fourth quarter and year ended Dec. 31, 1991.
 For the year, Winston lost $1,360,521, or 47 cents per share, on revenues of $16,175,564. This compared to 1990 net loss of $2,744,525, or 94 cents per share, on revenues of $19,952,729. The weighted average number of common shares outstanding in 1991 was 2,886,500 and 2,911,849 for 1990.
 For the fourth quarter of 1991, Winston reported revenues of $3,708,694 and a net loss of $453,350, compared to revenues of $3,959,339 and a net loss of $1,709,487 in 1990. Revenues from temporary help services increased 12 percent from a year ago.
 Commenting on the results, Sy Kaye, president and chief executive officer, stated, "Although we were looking for the recession to end by the third quarter of 1991, it continued, especially in the Northeast, and probably will continue until the 1992 third quarter." Kaye also stated that "the cost controls and reductions which resulted in substantial savings in 1991 have continued, but since many of the actions taken by the company occurred mid-year, their full benefit will be realized in 1992."
 Winston Resources, Inc., founded in 1967, provides a wide range of personnel recruiting, placement and temporary help services through company-owned offices and franchisees to businesses, institutions and government agencies.
 WINSTON RESOURCES, INC., AND SUBSIDIARIES
 Consolidated Statements of Operations
 Periods ended Year Three Months
 Dec. 31 1991 1990 1991 1990
 Revenues:
 Placement fees
 and related inc. $16,175,564 $19,952,729 $3,708,694 $3,959,339
 Net loss $ 1,360,521 $ 2,744,525 $ 453,350 $1,709,487
 Loss per share $.47 $.94 $.16 $.59
 Weighted aver. no.
 of common shares
 outstanding 2,886,500 2,911,849 2,886,500 2,886,500
 -0- 3/30/92
 /CONTACT: Reuben Abrams, treasurer of Winston Resources, 212-557-5000/
 (WRS) CO: Winston Resources, Inc. ST: New York IN: SU: ERN


GK-TS -- NY039 -- 2839 03/30/92 11:26 EST
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Date:Mar 30, 1992
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