AGOURA HILLS, Calif.--(BUSINESS WIRE)--May 24, 1999--Interscience Computer Corp. (NASDAQ:IEIC) Monday announced that it earned net income of $106,551 ($0.02 per share) for the quarter ended March 31, 1999, all of which was generated from continuing operations. In the comparable period of 1998, the company had a net income from continuing operations of $109,018 ($0.04 per share). For the six month, net income was $266,745 ($0.05 per share), as compared with $406,359 in the same period last year. The previous year's net income included $706,357 in Extraordinary Items. Net income from continuing operations for the six months ended March 31, 1999, was $266,745, as compared with a loss of $299,998 in the same period last year. Also during the six months, the company reduced its loan balance with the principal lender by approximately $756,964. The remaining principal balance is approximately $114,000, down from $2,250,000 as of fiscal year end 1997. Walter Kornbluh, the company's president, stated: "After extensive restructuring, the company is now almost debt free and profitable. The company continues to look for possible acquisitions to increase shareholder value." The company also announced that its stock ticker symbol has been changed to IEIC since the company has emerged from bankruptcy. Interscience Computer is in the business of selling fusing agent and other consumables, and parts to the high-speed-printing industry. Interscience Computer Corp. Second Quarter 1999 Fiscal Year Three Months Ended: March 31, 1999 March 31, 1998 Sales $ 524,397 $ 1,312,537 Income Continuing Operations 106,551 109,018 Net Income 106,551 109,018 Average Shares 5,236,556 2,541,666 Net Income Per Common Share $ 0.02 $ 0.04 Six Months Ended: March 31, 1999 March 31, 1998 Sales $1,147,635 $ 2,998,934 Income Continuing Operations 266,745 (299,998) Extraordinary Item - 706,357 Net Income $ 266,745 $ 406,359 Figures in parentheses are losses.  