AM-PAC Announces Third Quarter Results.

ORLANDO, Fla.--(BUSINESS WIRE)--Nov. 17, 1997--AM-PAC International Inc. (OTC BB:AMPC) Monday announced its financial results for the third quarter and nine months ended Sept. 30, 1997.

For the 1997 third quarter, revenues increased to $136,866 from $31,654 reported in the 1996 third quarter. The net loss was $113,275, or $0.014 per share, as compared to a net loss of $38,811, or $0.015 per share in the third quarter of 1996. The loss was attributable to the build-out of the company's restaurant training facility in Orlando.

For the nine months ended Sept. 30, 1997, revenues increased to $373,258 from $115,799 reported in the first nine months of 1996. The net income for the 1997 nine months was $750,681, or $0.093 per share, compared to a net loss of $17,990, or $0.004 per share in the similar period a year ago.

Thomas Tedrow, president, said: "AM-PAC continues to move forward, opening restaurants, selling franchises, and looking towards China for growth. The growth of Captain Tony's in 1998 should be significant."

AM-PAC International is a holding company focused on the acquisition and development of international food, beverage and leisure opportunities. The company franchises its wholly owned Captain Tony's Pizza restaurants and HeadLightZ American Sports Bars. The company owns Pacific Foods Ltd. in Hong Kong and the Shanghai Eagle Crest Liquor Marketing Co. Ltd. AM-PAC is based in Orlando with operations in the US, England, Hong Kong and China.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from future growth are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any of all of these forward-looking statements may not occur. -0-

                        AM-PAC INTERNATIONAL INC.
                  CONSOLIDATED STATEMENTS OF OPERATIONS
  For the three months and nine months ended Sept. 30, 1997 and 1996


                        Three Months Ended    Nine Months Ended
                             Sept. 30,            Sept. 30,
                           1997      1996      1997      1996
Revenue
 Sales                  $102,474        $0   $241,263   $   720
 Franchise Fees           14,785    10,204    111,331    43,108
 Commissions                 (50)        0         63     7,333
 Rental Property Income      462    21,450      1,382    64,350
 Interest Income          19,195         0     19,219       288

   Total Revenue         136,866    31,654    373,258   115,799

Cost & Expenses
 Cost of Sales            23,185         0     70,909         0
 Rental Property
  Expenses                     0    19,198          0    57,594
 Operating, general and
  administrative
  expenses               226,956    51,267    682,256    76,195

 Total costs and
  expenses               250,141    70,465    753,165   133,789

 Net Income (loss)
  from operations      $(113,275) $(38,811) $(379,907) $(17,990)

 Gain on sale of
  property                                  1,130,588

 Net Income (loss)                           $750,681  $(17,990)

 Net Income (loss)
  per share               $(.014)   $(.015)     $.093    $(.004)

CONTACT: Press Only:

AM-PAC International Inc.

Thomas Tedrow, 800/332-8669

or

Analysts Only:

AM-PAC Investments Inc.

Jeffrey Martin, President

801/255-8500