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GARMENT GRAPHICS, INC. REPORTS SUBSTANTIAL INCREASE IN SECOND QUARTER SALES AND EARNINGS

 MINNEAPOLIS, Nov. 9 /PRNewswire/ -- Garment Graphics, Inc. (NASDAQ: GRMN) today reported net sales for the second quarter ended Sept. 30, 1993, of $10,594,488, an increase of 89 percent over net sales of $5,591,123 in the same quarter last year. Net income for the second quarter was $276,435, or 9 cents per share, vs. $98,075, or 4 cents per share, in last year's second quarter.
 For the six-month period ended Sept. 30, 1993, net sales were $16,601,589, an increase of 73 percent over net sales of $9,591,481 in the same period last year. Net income for the six months was $477,901, or 17 cents per share, vs. $23,128, or 1 cent per share, last year.
 R. Neil Hamlin, chairman and CEO, said, "The continuation of our excellent sales growth in the second quarter was driven by an increase in new customer accounts and an expanded product line, including new licensed products. We have successfully responded to the challenge of rapid sales growth, and are continuing the effort that began less than two years ago to expand Garment Graphics' customer base and marketing programs. We expect these successful marketing programs to continue to show important benefits in the future."
 Robert Lucas, vice president of sales and marketing, said, "The quality of our product line and our customer service level have been important factors in broadening our customer base. We are committed to developing fresh graphic programs, including licensed properties, with styles in line with current trends."
 Garment Graphics, Inc., based in Mounds View, Minn., is a designer, manufacturer and nationwide marketer of high-quality decorated sportswear.
 The common stock of Garment Graphics, Inc. is listed on NASDAQ under the symbol GRMN.
 GARMENT GRAPHICS, INC.
 Second quarter ended Second quarter ended
 Sept. 30, 1993 Sept. 30, 1992
 (unaudited) (unaudited)
 Net sales $10,594,488 $5,591,123
 Income before income taxes 468,533 163,459
 Income tax expense 192,098 65,384
 Net income $276,435 $98,075
 Earnings per common share $0.09 $0.04
 Weighted average
 common and common equivalent
 shares outstanding 3,095,287 2,626,306
 Six months ended Six months ended
 Sept. 30, 1993 Sept. 30, 1992
 (unaudited) (unaudited)
 Net sales $16,601,589 $9,591,481
 Income before income taxes 809,999 38,547
 Income tax expense 332,098 15,419
 Net income $477,901 $23,128
 Earnings per common share $0.17 $0.01
 Weighted average
 common and common equivalent
 shares outstanding 2,888,959 2,474,559
 -0- 11/9/93


/Contact - Doug Ewing of Swenson/Falker Associates Inc., 612-371-0000, for Garment Graphics; R. Neil Hamlin or Barbara Remley of Garment Graphics, 612-786-6220/
 (GRMN)


CO: Garment Graphics, Inc. ST: Minnesota IN: TEX SU: ERN

AL-DS -- MN006 -- 2136 11/09/93 09:35 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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