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Non-Tech : The Source Information Mgmt Co.(SORC) -- Ignore unavailable to you. Want to Upgrade?


To: JanyBlueEyes who wrote (84)12/10/1998 4:18:00 PM
From: JanyBlueEyes  Read Replies (1) | Respond to of 121
 
Third-Quarter Earnings

The Source Information Management Company Announces Third-Quarter Earnings

ST. LOUIS--(BUSINESS WIRE)--Dec. 10, 1998--The Source Information
Management Company (NASDAQ:SORC) today announced its earnings for the
third quarter.

Net income for the nine months ended October 31, 1998, was $2,476,421,
a 156% increase over the nine months ended October 31, 1997. Net
income for the quarter ended October 31, 1998, was $959,006, a 154%
increase over the quarter ended October 31, 1997.

Quarter Ended Oct. 31, 1998 Oct. 31, 1997

Revenues $3,960,409 $2,943,766
Net Income 959,006 377,256
Avg. Shares:
Basic 9,586,239 6,535,980
Diluted 10,030,461 6,724,638
Earnings per Share:
Basic .10 .06
Diluted .10 .06

Nine Months Ended

Revenues $11,136,199 $8,411,782
Net Income 2,476,421 966,809
Avg. Shares:
Basic 8,783,125 6,064,476
Diluted 9,247,799 6,147,243
Earnings per Share:
Basic .28 .14
Diluted .27 .14

Condensed Summary Balance Sheet at October 31, 1998

Current Assets $28,793,496
Non-current Assets 6,665,064
Total Assets 35,458,560

Current Liabilities 7,161,039
Non-current Liabilities 5,074,625

Total Liabilities 12,235,664

Equity $23,222,896

SAFE HARBOR STATEMENT

The information contained in this release includes statements
regarding matters which are not historical facts (including statements
regarding the plans, beliefs or expectations of The Source Information
Management Company) which are forward-looking statements......

CONTACT: The Source Information Management Company
W. Brian Rodgers, 314/995-9040