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FIRST TEAM SPORTS ANNOUNCES RECORD THIRD QUARTER EARNINGS

 MINNEAPOLIS, Jan. 5 /PRNewswire/ -- First Team Sports, Inc. (NASDAQ: FSTP), a manufacturer of in-line roller skates and accessories, today reported record results for the fiscal 1993 third quarter and first nine months, ended Nov. 30, 1992.
 Net sales rose to $9.8 million for the third quarter, an increase of 34 percent over $7.3 million from the year-earlier period. Net income for the third quarter of fiscal 1993 was $787,110 or $.22 per share, up 25 percent over $565,044 or $.16 per share, in the previous year.
 Net sales for the first nine months of fiscal 1993 increased 46 percent to $31.4 million, compared with $21.5 million for the year- ago period. Net income for the first nine months of fiscal 1993 totaled $2,662,645 or $.73 per share, up 52 percent over $1,754,276 or $.49 per share, for the 1992 first nine months.
 David Soderquist, the company's president and CEO, said, "We are extremely pleased with our record third quarter results, as this represents our 15th consecutive record quarterly report. This quarter reflects not only the continuous growth of the in-line skate industry, but also our ability to keep pace with this rapid growth by introducing new and innovative products and programs. In addition, we are excited about the improvement in the retail environment as we enter into 1993. It is very gratifying to see our Ultra-Wheels products sell through at the consumer level."
 First Team Sports, Inc. manufactures and distributes high quality in-line roller skates and accessories under the trademarks Ultra-Wheels and Skate Attack. The company's products are manufactured and assembled to its specifications in the United States and foreign countries. Ultra-Wheels skates are endorsed by company spokespersons Wayne Gretzky, Janet Jones Gretzky, Katarina Witt, Brett Hull, Kurt Browning and Team USA Hockey.
 FIRST TEAM SPORTS, INC.

 SUMMARY CONSOLIDATED FINANCIAL DATA
 (In thousands, except per share data)
 Third Quarter Ended Nine Months Ended
 11/30/92 11/30/91 11/30/92 11/30/91
 (Unaudited) (Unaudited)
 Income Statement Data:
 Sales $9,768,412 $7,268,551 $31,344,971 $21,481,858
 Gross profit 2,967,849 2,387,952 10,094,965 7,257,247
 Selling, general and
 administrative
 expenses 1,788,518 1,473,708 5,624,453 4,514,174
 Operating income 1,179,331 914,244 4,470,512 2,743,073
 Interest expense (68,601) (73,025) (329,932) (165,853)
 Other income (expense)
 -- net 19,306 23,825 66,035 86,890
 Income before income
 taxes 1,130,036 865,044 4,206,615 2,664,110
 Income taxes 342,926 300,000 1,543,970 909,834
 Net income $787,110 $565,044 $2,662,645 $1,754,276
 Net income per common
 share $.22 $.16 $.73 $.49
 Weighted average common
 shares 3,635,519 3,644,040 3,662,624 3,590,790
 11/30/92 11/30/91
 (Unaudited)
 Balance Sheet Data:
 Assets:
 Receivables -- net $8,121,691 $5,800,425
 Inventories 9,913,126 9,448,517
 Total current assets 18,911,333 17,192,387
 Total assets 22,568,348 20,601,254
 Liabilities and Equity:
 Short-term debt $7,381,130 $8,930,196
 Total current liabilities 8,132,420 9,261,076
 Long-term debt 1,589,665 1,817,314
 Stockholders' equity 12,846,263 9,522,864
 -0- 1/5/92
 /CONTACT: Robert Lenius, vice president, First Team Sports, 612-780-4454/
 (FSTP)


CO: First Team Sports, Inc. ST: Minnesota IN: LEI SU: ERN

KH -- MN008 -- 1744 01/05/93 12:41 EST
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Date:Jan 5, 1993
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