Chromatics releases fiscal year results.

NEW YORK--(BUSINESS WIRE)--April 2, 1996--Chromatics Color Sciences International Inc. (NASDAQ: CCSI) announced its 1995 fiscal year results today.

Revenue for the fiscal year ended Dec. 31, 1995 was $287,900 (a $1,631,000 decrease from 1994 revenues). Chromatics incurred net losses of $2,494,300 (net loss of $0.59 per share) and $96,300 (net loss of $.03 per share) for fiscal years 1995 and 1994, respectively. The $2,398,000 increase in such losses in 1995 as compared to 1994 is primarily attributable to the receipt of $1,627,900 in 1994 from the Avon Settlement, an increase in 1995, in research and development costs associated with the company's Bilirubin project, and other increased expenses in 1995 in connection with the company beginning implementation of its long-range plan for medical applications for its technologies.

Chromatics Color Sciences International Inc. is engaged in the business of color science, including the scientific color measurement and classification of human skin, certain color-sensitive consumer products, and in determining the color compatibility of such skin and product color classification for use in a variety of industries including the cosmetic, beauty aid and fashion industries, as well as technology development for potential medical applications involving the diagnosis and monitoring of certain chromogenic diseases. The company's common stock and warrants are traded on NASDAQ under the symbols "CCSI" and "CCSIW," respectively. -0-

        Chromatics Color Sciences International Inc. and Subsidiary
                     Consolidated Balance Sheets

                                             December 31,
              ASSETS                    1995               1994

CURRENT ASSETS:
  Cash and equivalents             $ l,827,400        $   858,300
  Accounts receivable, less
    Allowance for Doubtful
    Accounts of $17,900 in 1995        315,700            212,200
  Inventories                          291,600            281,100
  Prepaid expenses                      98,800             93,300
          Total current assets       2,533,500          1,444,900

Colormate II units, less accumulated
 depreciation of $16,800 (1995)
 and $10,800 (1994)                    683,200            689,200

Property and equipment, at cost less
 accumulated depreciation of $86,900
 (1995) and $72,700 (1994)             210,600            129,300

Deferred offering costs                     --            111,800

Other Assets                            62,600             61,100
                                   $ 3,489,900        $ 2,436,300

              LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Notes payable - collateralized
   by equipment                    $     4,400        $     3,900
  Notes payable to related party       341,700             85,000
  Accounts payable and accrued
   expenses:
     Attorneys and accountants         107,400            173,300
     Consultants                        10,100             12,900
     Trade                             120,100            144,700
     Accrued interest to related
      parties                               --              9,000
     Security deposits                   6,000              5,500
          Total current liabilities    589,700            434,300

LONG-TERM DEBT:
  Notes payable - collateralized by
   equipment                            10,000             14,400
  Royalties and notes payable to
   related party                            --            355,400
                                        10,000            369,800

COMMITMENTS AND CONTINGENCIES

Redeemable Class A preferred stock,
  par value $.01 per share:
     Authorized - 1,400,000 shares
     Issued and outstanding -
      1,380,000 shares at par and
      redemption value                  13,800             13,800

STOCKHOLDERS' EQUITY (DEFICIENCY)
  Common stock, par value $.001
   per share:
     Authorized - 10,000,000 shares
     Issued and outstanding -
      4,661,936 shares (1995) and
      2,783,900 (1994) shares            4,700              2,800
  Capital in excess of par value     7,864,700          4,114,300
  Accumulated deficit               (4,993,000)        (2,498,700)
          Total Stockholders'
            Equity                   2,876,400          1,618,400
                                    $3,489,900         $2,436,300

-0-

     Chromatics Color Sciences International Inc. and Subsidiary
                 Consolidated Statements of Operations

                                         1995              1994

REVENUES:
 Lease, license and service
  contracts                           $ 167,000        $ 193,600
 Sale of cosmetics and fashion
  swatch packs                            3,100           45,500
 Laboratory fees                             --           25,000
 Interest income                        117,800           26,900
 Litigation Settlement - net of
  related costs of $434,500 for
   1994 including $361,200 of
    expenses due to the chief
     executive officer                       --        1,627,900
                                        287,900        1,918,900

COSTS AND EXPENSES
 Cost of cosmetics and fashion
  swatch packs                            2,000           24,600
 Research and development costs:
  Compensation of officers
   and employees                        331,500          111,800
  Consultants                           284,500           96,100
  Other                                  10,500           12,800
                                        626,500          220,700

 Selling, general and administrative:
  Compensation of officers
   and employees                        556,100          518,300
  Consultants                           238,500          187,200
 Legal fees                             215,000          147,500
 Accounting fees                         51,100           37,400
 Patent application costs               111,000           83,500
 Rent and storage                       189,000          190,800
 Other:
  Insurance                             175,500          120,300
  Travel and entertainment               83,300          103,900
  Payroll taxes                          61,700           46,100
  Stock registration fees                28,300           20,800
  Depreciation and amortization          52,900           43,300
  General and administrative            190,700          194,800
  Employment agency fees and
   temporary help                        72,500
  Repairs and maintenance                57,000           45,700
  Interest                               28,600           30,300
  Bad debt expense                       42,900               --
  Gain on sale of asset                    (400)              --
                                      2,782,200        2,015,200

NET LOSS                            $ 2,494,300         $ 96,300

WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES AND EQUIVALENTS
 OUTSTANDING                          4,231,600        2,783,900

NET LOSS PER SHARE                   $     0.59        $    0.03

CONTACT: Darby Macfarland

Chief Executive Officer

212/717-6544 (Phone)

212/717-6672 REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-236-4266 or

80