International Assets Holding Corp. Reports Earnings for the Quarter and Nine Months Ended June 30, 1997

Business Wire, August 11, 1997

WINTER PARK, Fla.--(BUSINESS WIRE)--Aug. 11, 1997--International Assets Holding Corp. (NASDAQ SmallCap:IAAC) Monday announced revenues and earnings for the third fiscal quarter ended June 30, 1997. Operating results as follows: -0-

             INTERNATIONAL ASSETS HOLDING CORP.

                                   For the Three Months Ended
                               (Third fiscal quarter, unaudited)
                                 June 30, 1997   June 30, 1996

Revenues                          $ 3,422,646     $ 2,841,645
Income before income taxes        $   415,282     $   260,586
Net Income                        $   248,907     $   155,339

Earnings per common and dilutive
 common equivalent share:
   Primary:                       $      .159     $      .086
   Fully diluted:                 $      .159     $      .086

Weighted average number of common
 and dilutive common equivalent
 shares outstanding:
   Primary:                         1,605,873       2,226,133
   Fully diluted:                   1,605,873       2,226,133


                                   For the Nine Months Ended
                                          (unaudited)
                                 June 30, 1997   June 30, 1996

Revenues                          $ 9,066,161     $ 8,844,771
Income before income taxes        $   905,041     $ 1,005,779
Net Income                        $   532,028     $   597,025

Earnings per common and dilutive
 common equivalent share:
   Primary:                       $      .313     $      .326
   Fully diluted:                 $      .313     $      .326

Weighted average number of common
 and dilutive common equivalent
 shares outstanding:
   Primary:                         1,915,855       2,155,527
   Fully diluted:                   1,915,855       2,155,527