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PERFORMANCE NUTRITION ANNOUNCES RECORD THIRD QUARTER SALES

 PERFORMANCE NUTRITION ANNOUNCES RECORD THIRD QUARTER SALES
 DALLAS, Aug. 21 /PRNewswire/ -- Performance Nutrition Inc. (OTC Bulletin Board: PNIC), announced today that the company had sales of $205,572 for the third quarter of fiscal 1992 versus sales of $54,169 in the like period a year ago. The company also reported a loss of $158,997 for the quarter due to the extraordinary costs incurred in connection with its merger with Omnet Corp., new intensified marketing activities and the development of new products. These costs are estimated to be approximately $76,500.
 PERFORMANCE NUTRITION INC.
 Statement of Operations
 For the Three Months Ended June 30, 1992
 UNAUDITED
 REVENUES
 Sales $205,572
 Cost of goods sold $86,283
 Gross profit $119,289
 EXPENSES
 General, administrative
 and sales expense $240,418
 Interest expense 1,855
 Depreciation expense 1,013
 Legal and accounting 35,000
 $278,286
 NET LOSS $(158,997)
 LOSS PER SHARE $(.018)
 Performance Nutrition also announced that formulation of the "Power PLEX-THE BAR" is complete and deliveries are expected to commence on Aug. 27, 1992. The company anticipates first month sales in excess of 100,000 bars. Retail sales price of the "Power PLEX-THE BAR" will be between $1.80 - $2 per bar.
 -0- 8/21/92
 /CONTACT: Tom Chenault of Market Solutions, 303-797-7545, for Performance Nutrition/
 (PNIC) CO: Performance Nutrition Inc. ST: Texas IN: SU: ERN


MC -- DV001 -- 2016 08/21/92 09:01 EDT
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Date:Aug 21, 1992
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