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CAMI'Z REPORTS RESULTS

 LOS ANGELES, Jan. 8 /PRNewswire/ -- CAMI'Z Inc. (NASDAQ: CAMZ) announced today that the company's net sales for the third quarter ending Nov. 29, 1992, aggregated $2,090,000, which was basically the same as the prior quarter, but gross profit margins improved from 29 percent to 38 percent of sales. The net loss of $381,000 ($.11 per share) for the third quarter declined, compared to a loss of $646,000 ($0.41 per share), in the same period for the prior year, while the cumulative nine-month period ended Nov. 29, 1992, loss increased to $1,876,000 ($.71 per share), as compared to $926,000 ($0.76 per share) in the prior year.
 December 1992 sales were reported at $1,550,000, as compared to $300,000 for the same period last year. Steven P. Marra, chief executive officer, stated that the company is pleased with exceeding its $1,500,000 December 1992 sales projection, an all-time monthly high for CAMI'Z.
 During December 1992, the company significantly improved its working capital position by converting $1,900,000 of current trade debt to long-term debt with Chauvin International Ltd., which is the company's primary supplier of B.U.M. Equipment inventory.
 Management expects that fiscal 1993 year-end results will continue to be adversely affected by write-offs associated with the discontinued wholesale operations, the anticipated closing of some unprofitable retail stores and as the costs incurred during the year for converting the retail operations from the CAMI'Z product line to the B.U.M. Equipment product line become fully absorbed. However, future operating results are anticipated to improve after the necessary write-offs are taken, the company achieves operating efficiencies of scale and additional retail stores are opened in fiscal 1994.
 -0- 1/8/93
 /CONTACT: Troy D. Wiseman, VP of CAMI'Z, 312-222-0046/
 (CAMZ)


CO: CAMI'Z Inc. ST: California IN: REA SU: ERN

BP-JB -- LA012 -- 3103 01/08/93 14:59 EST
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Publication:PR Newswire
Date:Jan 8, 1993
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