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WORLD SATELLITE NETWORK, INC. THIRD QUARTER RESULTS

 MINNEAPOLIS, June 23 /PRNewswire/ -- World Satellite Network, Inc. announced today the following results:
 WORLD SATELLITE NETWORK, INC.
 Consolidated Financial Statements
 (Unaudited)
 3rd Quarter Ended Percent
 5/31/93 5/31/92 Change
 Revenue $3,082,198 $1,619,928 90.3
 Gross profit 575,541 293,687 96.0
 Net income $66,603 $84,696 --
 Earnings per share $.0273 $.047 --
 9 Months Ended Percent
 5/31/93 5/31/92 Change
 Revenue $7,180,310 $4,447,274 61.5
 Gross profit 1,308,213 833,171 57.0
 Net income $183,210 $220,590 --
 Earnings per share $.0883 $.123 --
 World Satellite Network, Inc., provides satellite television programming and subscriber marketing services to private cable and wireless cable systems nationwide.
 -0- 6/23/93
 /CONTACT: Jeff Maxwell of World Satellite Network, Inc., 612-339-9018/


CO: World Satellite Network, Inc. ST: Minnesota IN: TLS SU: ERN

DB -- MN013 -- 5170 06/23/93 16:56 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
Words:153
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