Curtis Mathes Reports Fiscal Year End Results.

DALLAS--(BUSINESS WIRE)--Sept. 12, 1997--Curtis Mathes Holding Corporation (NASDAQ:CRTM) announced today its financials for the fiscal year ended June 30, 1997.

Curtis Mathes reported revenues of $2,503,512 versus $7,656,836 in the previous year. Net loss for the period was ($7,509,040) or ($0.23) per share, versus a loss of ($5,887,313) or ($0.35) per share in the previous year.

Operating expenses increased by $2,401,200 over the prior year, primarily due to increases in advertising expense and research and development costs for the uniView TM product line. Additionally, the Company recognized a $1.2 million ($789,426 net of tax) deferred gain during this fiscal year due to early payoff of debt related to prior year operations.

The decrease in revenues reflects the restructuring of the Company from a wholesaler of televisions and related consumer products to a manufacturer and marketer of Internet convergence products and services. Sales revenues for fiscal 1997 were realized from the sales of older inventories exchanged for the purchase of advertising time on national television networks. Revenues from the sales of uniView products will not be realized until the first quarter of fiscal year 1998.

"With the beginning of uniView sales in July of this year, we believe we are on the road back to profitability," said Patrick A. Custer, President and Chief Executive Officer of Curtis Mathes. "Our goals for the next year include expanding our presence in the consumer marketplace and increasing the value of Curtis Mathes for its shareholders. I strongly feel that Curtis Mathes will be able to capitalize on the opportunities within the convergence industry."

The Company's year-end report may include forward-looking statements that may or may not materialize. Additional information on factors that could potentially affect the Company's future financial results may be found in the Company's filings with the Securities and Exchange Commission. -0-

                          Financial Table
                          ---------------
                  Fiscal Year Ended June 30, 1997


                                      1997             1996
                                      ----             ----
Revenues                     $      2,503,512    $   7,656,836
Total net income (loss)            (7,509,040)      (5,887,313)
Net income (loss)
  per share                            ($0.23)          ($0.35)
Weighted average
  shares outstanding               32,307,591       17,432,013

About Curtis Mathes

Curtis Mathes has established an advanced method for connectivity to Internet appliances by adopting leading technology from Sun Microsystems, MCI Telecommunications Corp., and Cisco Systems, Inc. It also has developed proprietary software enabling users to access the unique features of uniView.

Curtis Mathes is a Dallas-based electronics engineering design and marketing company. The company also specializes in advanced televisions, large electronic display systems, as well as other new technologies. For more information, visit the company's Web site at www.curtismathes.com .

CONTACT: Curtis Mathes Holding Corporation, Dallas

Neal J. Katz, 214/503-8880

Fax: [phone]

or

Edelman Public Relations Worldwide

Reba Reid

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or

Holly Vershum, 214/520-3555

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