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ALLOU HEALTH & BEAUTY CARE REPORTS RESULTS

 ALLOU HEALTH & BEAUTY CARE REPORTS RESULTS
 BRENTWOOD, N.Y., Aug. 11 /PRNewswire/ -- Allou Health & Beauty Care,


Inc. (AMEX: ALU) today announced a record breaking first quarter, ended June 30, 1992, with revenues up 46 percent totalling $39,215,090, and net income up 85 percent reaching $604,320, or a fully diluted $0.14 cents per share when compared to the same period last year.
 David Shamilzadeh, chief financial officer of Allou, in commenting on the results stated, "The record-setting first quarter revenues and net income were the result of strong market demand for the products Allou distributes, improved operating efficiencies and the successful penetration of new geographic areas. Furthermore, our first quarter performance is most gratifying, considering that our earnings per share is computed on a fully diluted basis."
 In unrelated news, Shamilzadeh stated that Allou's total exposure to the recent developments at Phar-Mor, Inc. is less than $40,000 and the potential long-term loss of business is insignificant to Allou's future revenues.
 Looking to the future, Shamilzadeh expressed confidence that Allou will continue to sustain its strong pattern of growth. Recently, the company retained the services of an investment bank to actively explore possible acquisitions that would compliment Allou's core business. "We believe that this strategy will accelerate growth and increase stockholder value," Shamilzadeh added.
 Allou Health & Beauty Care, Inc. is the premier distributor of over 8,000 nationally advertised branded health and beauty aid products in the Northeast and Miami areas. In addition, the company is a leading nationwide distributor of over 7,000 prestige designer fragrances and cosmetics. The company also distributes nationally advertised non- perishable branded food items. Allou's account base consists of 3,500 independent drug and convenience stores including the leading national chain stores.
 ALLOU HEALTH & BEAUTY CARE, INC.
 Financial Highlights
 Three Months Ended June 30 1992 1991
 Revenues $39,215,090 $26,905,299
 Gross Profit 4,456,422 3,725,577
 Net Income 604,320 326,776
 Per share net income 0.14 0.08(B)
 Weighted average shares
 outstanding including common
 stock equivalents 5,211,921(A) 5,211,921
 (A) Per share net income figures are based on a share equivalent of 5,211,921 shares outstanding and common stock equivalent. This reflects the potential for the conversion of the company's Class B warrants into Class A common stock on a fully diluted basis. The weighted average shares of common stock outstanding is 3,604,514 shares and the common stock equivalent is 1,607,407.
 (B) Net income per share and shares outstanding have been restated to reflect comparable dilution. Original net income was $0.13 per share with 2,580,000 shares outstanding.
 -0- 8/11/92
 /CONTACT: David Shamilzadeh, chief financial officer of Allou Health & Beauty Care, 516-273-4000/
 (ALU) CO: Allou Health & Beauty Care, Inc. ST: New York IN: HOU SU: ERN


SM-TM -- NY007 -- 8796 08/11/92 08:00 EDT
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Date:Aug 11, 1992
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