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SEATTLE FILMWORKS INC. ANNOUNCES 25 PERCENT EARNINGS GROWTH

 SEATTLE, July 22 /PRNewswire/ -- Seattle FilmWorks Inc. (NASDAQ: FOTO) today announced record net income of $958,000, or 35 cents per share, for the third quarter of fiscal 1993, which ended June 26, 1993. This represents a 25 percent improvement over net income for the third quarter of fiscal 1992 of $764,000, or 28 cents per share. Net income for the first nine months of fiscal 1993 was $1,598,000 or 58 cents per share, up 25 percent from $1,279,000, or 47 cents per share, for the same period of the previous fiscal year.
 Net revenues for the third quarter of fiscal 1993 increased 11 percent to $11,041,000 compared to $9,914,000 for the same period of the previous fiscal year. Net revenues for the first nine months of fiscal 1993 were $29,637,000, or a 10 percent improvement over net revenues for the first nine months of fiscal 1992 of $26,932,000.
 Seattle FilmWorks is a marketer of innovative photo related products direct to consumers.
 SEATTLE FILMWORKS INC.
 SELECTED FINANCIAL DATA
 Third quarter ended Nine months ended
 June 26, 1993 June 27, 1992 June 26, 1993 June 27, 1992
 Net revenues $11,041,000 $ 9,914,000 $29,637,000 $26,932,000
 Net income $ 985,000 $ 764,000 $ 1,598,000 $ 1,279,000
 Earnings per
 share (a) $ 0.35 $ 0.28 $ 0.58 $ 0.47
 (a) All earnings per share data reflect three for two stock split distributed Feb. 26, 1993.
 -0- 7/22/93
 /CONTACT: Gary Christophersen, chief executive officer, or Jim Smith, chief financial officer, of Seattle FilmWorks, 206-281-1390/
 (FOTO)


CO: Seattle FilmWorks Inc. ST: Washington IN: SU: ERN

SB-AL -- SE011 -- 4513 07/22/93 12:01 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
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