CIRCO CRAFT POSTS RECORD FIRST HALF REVENUE AND EARNINGS.

MONTREAL, QUEBEC--(BUSINESS WIRE)--Aug. 16, 1995--CIRCO CRAFT CO. INC. (ME, TSE: CCC)--Circo Craft reports consolidated revenues of $45,345,000 for the second quarter ended June 25, 1995, an increase of 21 per cent from $37,427,000 in the corresponding 1994 period.

Net earnings rose by 63 per cent to $2,400,000 or $0.17 per common share, from $1,468,000, or $0.10 per common share, in the second quarter last year.

For the first six months, consolidated revenues totaled $87,256,000, or 24 per cent higher than the $70,444,000 recorded a year ago. Consolidated net earnings for the year-to-date are $5,044,000, or $0.36 cents per common share, compared to $392,000, or $0.03 cents per common share, in the 1994 period. Both revenues and net earnings established the best record ever for a first half year. Consolidated operating margin improved to 18.5 per cent from 15.5 per cent in the first six months of 1994.

On a segmented basis, Canadian operations increased revenues in the second quarter to $37,654,000 from $33,108,000 in the 1994 period. Net earnings were $2,194,000 compared to $2,471,000 last year. "Earnings from Canadian operations reflect planned short-term subcontracting costs incurred during the completion of additional multilayer technological capabilities and capacities at the Pointe-Claire facility. The new capacity is coming on stream in September '95 and earnings growth in Canada is expected to resume in the second half," said Hans-K Muhlegg, President and CEO.

Circo Caribe Corporation, the Company's wholly-owned subsidiary, contributed revenues of $7,691,000 and net earnings of $206,000 in the second quarter including a gain of $409,000 on the disposal of surplus assets, a significant improvement from revenues of $4,319,000 and a loss of $1,003,000 in 1994. "The recently-announced US$25 million supply agreement for multilayer products to be manufactured by Circo Caribe is expected to start contributing to profits in the second half of '95." said Mr. Muhlegg.

The Company anticipates market demand to remain strong for the balance of the year. Circo Craft continues to raise the proportion of higher margin products being manufactured throughout its operations and expects a solid overall business performance for the second half of '95.

Circo Craft is Canada's leading manufacturer of advanced printed circuit structures, serving major international corporations and large U.S. based contract assembly operations in telecommunications, computer, automotive and industrial electronics. The Company's shares and warrants are traded on the Montreal and Toronto stock exchanges. -0-

SEGMENTED INFORMATION

3 months ended       Revenues        Net earnings(loss)
June 25th
                   1995    1994       1995        1994
____________________________________________________________
Canada        $37,654,000 $33,108,000 $2,194,000  $2,471,000
Circo Caribe   $7,691,000 $ 4,319,000 $206,000   ($1,003,000)
Consolidated  $45,345,000 $37,427,000 $2,400,000  $1,468,000

Basic common
 shares outstanding                   14,073,000  14,073,000

Fully diluted
commun shares
outstanding                           16,060,000  15,840,000

6 months ended
June 25 th           Revenues         Net earnings(loss)
                   1995       1994    1995          1994

Canada       $73,030,000 $63,093,000 $4,835,000  $3,625,000
Circo
Caribe       $14,226,000  $7,351,000   $209,000 ($3,233,000)
Consolidated $87,256,000 $70,444,000 $5,044,000    $392,000

CONTACT: Madeline Gareau, 514/694-8400