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BALI JEWELRY, LTD. REPORTS THIRD QUARTER EARNINGS AND TWO-FOR-ONE REVERSE STOCK SPLIT

 BALI JEWELRY, LTD. REPORTS THIRD QUARTER EARNINGS
 AND TWO-FOR-ONE REVERSE STOCK SPLIT
 NEW YORK, Sept. 14 /PRNewswire/ -- Bali Jewelry, Ltd. (OTC: BALI), a leading manufacturer of gold jewelry products, today reported sales and earnings for the three and nine month periods ended June 30, 1992.
 BALI JEWELRY, LTD.
 Periods ended Three months Nine months
 June 30 1992 1991 1992 1991
 Revenues $811,842 $5,507,169 $6,888,845 $13,013,124
 Income (loss)
 before taxes (62,738) 4,847 (13,136) 46,070
 Net income (loss) (56,999) 3,582 (16,669) 36,155
 Shares outstanding 6,300,000 6,300,000 6,300,000 6,300,000
 Earnings (loss)
 per share ($.01) -- -- $.01
 The company further reported shareholders approved a resolution authorizing a two-for-one reverse split of its shares of common stock effective as of the date of amendment of the company's Certificate of Incorporation changing the par value of the company's shares for $.001 per share to $.002 per share. The amendment became effective Aug. 21, 1992.
 -0- 9/14/92
 /CONTACT: Nat Schlesinger of Bali Jewelry, 718-237-0472/
 (BALI) CO: Bali Jewelry, Ltd. ST: New York IN: HOU SU: ERN


TS-SM -- NY033 -- 9072 09/14/92 11:04 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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