Curtis International Ltd. Announces Third Quarter Fiscal 2000 Results; Net Income Increase of 7.9%.

    Business Editors

    TORONTO, Ontario--(BUSINESS WIRE)--April 17, 2000--CURTIS
INTERNATIONAL LTD., (NASDAQ: CURT) reported revenue and income for its
third quarter of fiscal 2000.
    Third quarter net income was $212,584 for an increase of 7.9% from
$197,050 in fiscal 1999. Nine month net income increased by 24.2% from
$1,187,477 in fiscal 1999 to $1,474,301 in fiscal 2000. Third quarter
2000 revenues were $7,175,725 versus $7,886,132 a decrease of 9.1%.
Nine month revenues were $36,213,846, an increase of 8.8% over last
years' $33,297,447.
    Curtis' President, Aaron Herzog said, "We were able to increase
our profit levels even though sales were lower this quarter. Although
Curtis remains their primary supplier, the decision of a major
customer to shift its product mix and reduce its profile in consumer
electronics has resulted in reduced volume. Outside of this our sales
have increased, and we look forward to utilizing the additional
capacity to expand sales to existing and new customers." Mr. Herzog
added, "We are pleased with our reduction of General and
Administration expenses. We have managed to save costs both by
increasing office efficiency, and by saving warehousing costs through
consolidating several satellite warehouses into a single operating
facility."
    Curtis International Ltd., develops, markets and distributes a
broad range of consumer audio and telecommunication products. Its
recent entry into the U.S. market has been highly successful. The
Company's customers include mass merchandisers such as Bradlees,
Dollar General, Bi-Way Stores and Family Dollar; drug store chains
such as Rite-Aid, London Drugs, Thrifty Payless, Jean Coutu and Kerr
Drugs; specialty marketers such as QVC, The Home Shopping Network,
Shop at Home; consumer electronic retailers such as Future Shop Fry's
and ABC Warehouse; and appliance and department stores such as Boscov.

    This press release contains forward-looking statements that, if
not verifiable historical fact, may be viewed as forward-looking
statements that could predict future events or outcomes with respect
to Curtis International Ltd. and its business. The predictions
embodied in these statements will involve risks and uncertainties and
accordingly Curtis' actual results may differ significantly from the
results discussed or implied in such forward-looking statements.
-0-
*T
                       CURTIS INTERNATIONAL LTD.
                     Interim Statements of Income
                  For the three and nine months ended
                  (Amounts expressed in U.S. dollars)
                              (Unaudited)

                                 For the Period Ended February 29,
                            Three Months               Nine Months
                            2000        1999        2000         1999
                              $          $           $            $

SALES                     7,175,725  7,886,132 36,213,846  33,297,447
Cost of Sales             5,884,869  6,460,808 30,001,929  27,467,029
GROSS PROFIT              1,290,856  1,425,324  6,211,917   5,830,418

EXPENSES
Administration              581,272    524,169  1,458,681   1,536,694
Selling                     404,860    412,686  1,703,701   1,755,844
Financial                   (60,687)   160,044    374,090     558,742
                            925,445  1,096,899  3,536,472   3,851,280

INCOME BEFORE INCOME TAXES  365,411    328,425  2,675,445   1,979,138

Income taxes                152,827    131,375  1,201,144     791,661

NET INCOME                  212,584    197,050  1,474,301   1,187,477

NET INCOME PER WEIGHTED
AVERAGE COMMON SHARE           0.04       0.04       0.27        0.27

WEIGHTED AVERAGE NUMBER
OF COMMON SHARES
OUTSTANDING               5,373,145  5,343,833  5,373,145   4,331,166

    --30--mem/ny*

    CONTACT: Stanley Wunderlich
             Consulting For Strategic Growth, Ltd.
             Public Relations
             Corporate Development Consultants
             Tel: [phone]
             Fax: [phone]
             Email: [e-mail]
                 or
             Curtis International Ltd.
             Aaron Herzog
             President
             Tel: [phone]
             Fax: [phone]
             Web site: www.curtis-intl.com

    KEYWORD: INTERNATIONAL CANADA
    INDUSTRY KEYWORD: TELECOMMUNICATIONS EARNINGS