***********TO ALL************ USBL PR.............................
PHXO8 Tue Jan 14 10:05:29 1997
Symbol(s) USBL-U Date
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Story 0762 (MEIS, USEL, I/FIS, NIDJN, NIL)JWI, N/ERN, NIFND, M/FIN, P/DBK...
MILFORD, Conn. (Dow Jones)--Meisenheimer Capital Inc. (MEIS) had income from operations for the nine months ended Nov. 30, 1996, of $162,274, or four cents a share, compared with a loss of $179,502, or four cents a share, for the year-ago period.
In a press release, Meisenheimer Capital Said it had revenues of $1,416,739 for the latest nine-month period, compared with $701,655 for the same period a year earlier.
Meisenheimer Capital said its majority-owned United States Basketball League Inc. (USBL) unit, which reported its financial results on Jan, 7, sees "solid growth" for the 1997 season. For the latest third quarter ended Nov. 30, U@S. Basketball reported net income of $49,309, or nine cents a share, compared with a loss of $16,070, or six cents a share, a year earlier. TT.S. Basketball, Milford, Conn., franchises sports teams. (END) DOW JONES NEWS 01-14-97
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