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HA-LO INDUSTRIES REPORTS FIRST QUARTER RESULTS

 SKOKIE, Ill., May 7 /PRNewswire/ -- HA-LO Industries, Inc. (NASDAQ: HALO), a leader in the distribution of specialty and premium advertising products, today reported results for the first quarter ended March 31, 1993.
 The company had a net loss of $97,049 or 2 cents per share on sales of $5,300,219 for the initial three months of 1993 versus pro forma net income of $86,341 or 3 cents per share on sales of $5,007,713 for the same period last year.
 "The results for the quarter, our first full quarter as a public company, reflect the continued investments in expanded facilities, additional staffing, aggressive marketing activities to attract more national corporate fulfillment programs and the search for appropriate acquisitions," Lou Weisbach, president and chief executive officer, said.
 "Our effects are beginning to generate gratifying results. During the first quarter we signed fulfillment programs that are expected to generate annual revenues of $500,000; we have identified a highly desirable site and experienced sales executive to run a Southern California office expected to open in June, and completed the acquisition of an advertising specialty business with annual sales of about $1.4 million," he added.
 HA-LO INDUSTRIES, INC.
 Financial Highlights (Unaudited)
 Three months ended March 31 1993 1992
 Net sales $5,300,219 $5,007,713
 Net income (loss) $ (97,049) $ 86,341(A)
 Income (loss) per share $(.02) $.03(A)
 Weighted average shares outstanding 4,238,928 2,776,428(B)
 (A) -- Includes a pro-forma provision for federal and state income taxes in the first quarter of 1992 as if the company had not elected to be treated as an S corporation prior to its initial public offering completed on Nov. 4, 1992.
 (B) -- Retroactively adjusted to give effect to a 2,776.428-for-1 stock split effective Sept. 1, 1992.
 -0- 5/7/93
 /CONTACT: Richard A. Magid of HA-LO Industries, 708-674-3900/
 (HALO)


CO: HA-LO Industries, Inc. ST: Illinois IN: ADV SU: ERN

GK-OS -- NY062 -- 6084 05/07/93 15:54 EDT
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Publication:PR Newswire
Date:May 7, 1993
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