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WORLD SATELLITE NETWORK ANNOUNCES RESULTS

 WORLD SATELLITE NETWORK ANNOUNCES RESULTS
 MINNEAPOLIS, June 16 /PRNewswire/ -- World Satellite Network today


issued the following results:
 WORLD SATELLITE NETWORK, INC.
 CONSOLIDATED FINANCIAL INFORMATION
 (Unaudited)
 Third Quarter Adjusted Third Quarter
 Ended Ended
 5/31/92 5/31/91
 Revenue $1,619,928 $1,103,698
 Percent increase 47 --
 Gross profit 293,687 205,052
 Percent increase 43 --
 Net income (loss) $84,696 $20,853
 Earnings per share $.047 $.013
 Percent increase 306 --
 Nine Months Adjusted Nine Months
 Ended Ended
 5/31/92 5/31/91
 Revenue $4,447,274 $2,988,871
 Percent increase 49 --
 Gross profit 833,171 669,875
 Percent increase 24 --
 Net income (loss) $220,590 $79,886
 Earnings per share (loss) $.123 $.052
 Percent increase 176 --
 World Satellite Network, Inc., is a provider of satellite television programming and subscriber marketing services to private cable and wireless cable systems nationwide.
 -0- 6/16/92
 /CONTACT: Jeff Maxwell of World Satellite Network, 612-339-9018/ CO: World Satellite Network, Inc. ST: Minnesota IN: SU: ERN


AL -- MN011 -- 0635 06/16/92 11:34 EDT
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Date:Jun 16, 1992
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