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SELVAC CORPORATION REPORTS EARNINGS FOR THIRD QUARTER

 MARLBORO, Mass., May 18 /PRNewswire/ -- Selvac Corporation (NASDAQ: SLVC) announced today third quarter sales of $1,171,645, representing a 7 percent increase from $1,090,244 for the comparable quarter in 1992. After tax profits for the third quarter ending Feb. 28, 1993, were $11,220, or $.00 per share versus a loss of $126,174, or $0.01 per share for the same period in 1992. Shares outstanding increased from 14,789,341 in 1992 to 15,723,643 in 1993.
 After tax profit for the first nine months of 1993 was $125,328 or $0.01 per share as compared to the first nine months loss of ($220,053) and $(0.02) per share of the comparable period a year ago.
 Stronger results continue to reinforce the company's market strategies in the area of personal health care and in the new home entertainment division. The Selvac management team is optimistic about the recent success of the Video Knights(TM) subsidiary which now operates four company owned locations. The Video Knights division will commence with the second phase, which is a franchising program currently focusing on the Middle Atlantic States.
 SELVAC CORPORATION
 Quarter ended Nine months ended
 2/28/93 2/29/92 2/28/93 2/29/92
 Revenues $1,171,645 $1,090,244 $3,875,257 $3,421,095
 Cost of revenues 640,847 749,775 2,251,614 2,335,370
 Gross margins 530,798 340,469 1,623,643 1,085,725
 Net earnings 11,220 (126,174) 125,328 (220,053)
 Earnings per share 0 (0.01) 0.01 (0.02)
 Average weighted
 shares 15,682,485 14,587,207 15,723,643 14,587,207
 Selvac Corporation manufactures, distributes and sells patented personal care products for hair removal and skin care systems. The company also operates the wholly owned subsidiary, Video Knights Inc., a home entertainment emporium concept which rent and sell video tapes, laser discs, games and audio books.
 -0- 5/18/93
 /CONTACT: Michael B. Freedman, president of Selvac Corporation, 508-481-9495. or Anthony J. DiMaio of Anthem Communications, 212-943-8998, for Selvac Corporation/
 (SLVC)


CO: Selvac Corporation ST: Massachusetts IN: HOU SU: ERN

SH-TS -- NY080 -- 9833 05/18/93 13:54 EDT
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Publication:PR Newswire
Date:May 18, 1993
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