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CIATTI'S REPORTS FOURTH QUARTER, FISCAL 1992 RESULTS

 CIATTI'S REPORTS FOURTH QUARTER, FISCAL 1992 RESULTS
 MINNEAPOLIS, Sept. 21 /PRNewswire/ -- Ciatti's Inc. (NASDAQ: CIAT)


today reported results for its fourth quarter and year ended June 28, 1992. The company earned $5,553 on sales of $5,635,317 for the fourth quarter compared with earnings of $8,985 on sales of $4,587,763 in the quarter ended June 30, 1991.
 For the fiscal year 1992, the earnings were $30,799 or one cent per share, on sales of $20,935,398 versus earnings of $242,081, or seven cents per share, on sales of $18,116,758 for the year ended June 30, 1991.
 In addition, the company announced that its board of directors elected Phillip R. Danford president of Ciatti's Inc. Danford had been acting as interim president since May of 1992. He is a co-founder of the company and has been an officer and director since its inception in 1981.
 The company indicated that fiscal 1992 earnings were lower than in the prior fiscal year due to lower sales revenue from certain of its mature restaurants. The company also indicated that it has no immediate plans to open additional restaurants, but intends to focus its resources on improving the profitability of its existing restaurants.
 The company opened new restaurants in Woodbury, Minn.; La Crosse, Wis.; and the Galleria in Edina, Minn., and currently operates 13 restaurants in Minnesota and Wisconsin.
 CIATTI'S, INC.
 FOURTH QUARTER AND FISCAL YEAR
 RESULTS OF OPERATIONS
 Quarter Ended
 6/28/92 6/30/91
 Net sales $5,635,317 $4,587,763
 Net earnings 5,553 8,985
 Net earnings per share -- $.06
 Weighted average number of common
 and common equivalent shares
 outstanding 3,311,813 3,759,526
 Year Ended
 6/28/92 6/30/91
 Net sales $20,935,398 $18,116,758
 Net earnings 30,744 242,081
 Net earnings per share $.01 $.07
 Weighted average number of common
 and common equivalent shares
 outstanding 3,253,258 3,436,687
 -0- 9/21/92
 /CONTACT: Dan Danford, chairman of Ciatti's, 612-342-6274/
 (CIAT) CO: Ciatti's Inc. ST: Minnesota IN: LEI SU: ERN


AL -- MN012 -- 1867 09/21/92 17:00 EDT
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Date:Sep 21, 1992
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