International Assets Holding Corp. Reports Earnings for the Second Fiscal Quarter Ended March 31, 1998

Business Wire, May 11, 1998

WINTER PARK, Fla.--(BUSINESS WIRE)--May 11, 1998--International Assets Holding Corp. (NASDAQ SmallCap:IAAC) Monday announced unaudited revenues and earnings for the second fiscal quarter ended March 31, 1998. -0-

Operating First Quarter Results (Unaudited):

                                     For the Three Months Ended
                                            (Unaudited)
                                March 31, 1998        March 31, 1997
                                --------------        --------------
Total revenues                  $    2,563,038        $    2,955,793
Income before income taxes      $      155,174        $      218,639
Net income                      $       94,178        $      125,570

Basic earnings per share        $         .061        $         .079
Diluted earnings per share      $         .058        $         .077

Weighted average number of
  common shares outstanding:         1,547,045             1,588,637

Weighted average number of
  common shares and dilutive
  potential common shares
  outstanding:                       1,633,013             1,630,989

Operating Six Months Results (Unaudited):

                                     For the Six Months Ended
                                            (Unaudited)
                                March 31, 1998        March 31, 1997
                                --------------        --------------
Total revenues                  $    5,249,237        $    5,643,515
Income (loss) before income
  taxes                         $      (40,804)       $      489,759
Net income (loss)               $      (40,524)       $      283,121

Basic earnings (loss) per
  share                         $        (.026)       $         .178
Diluted earnings (loss) per
  share                         $        (.026)       $         .172

Weighted average number of
  common shares outstanding:         1,548,015             1,590,830

Weighted average number of
  common shares and dilutive
  potential common shares
  outstanding:                       1,548,015             1,647,402