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SPORTSTOWN, INC. POSTS RECORD FOURTH QUARTER, FULL-YEAR SALES AND NET INCOME

 ATLANTA, March 17 /PRNewswire/ -- SportsTown, Inc. (NASDAQ-NMS: SPTN) today reported record fourth quarter and full-year sales and net income for the period ended Jan. 30.
 Net sales for the fourth quarter rose by 48 percent to $41.6 million over sales of $28.1 million reported the same quarter a year ago. Operating income (before pre-opening expenses) increased by 176 percent to $3.0 million vs. operating income (before pre-opening expenses) of $1.1 million reported for the fourth quarter last year. Net income was $1.6 million or $0.33 per share (based on 4,988,000 weighted average number of common equivalent shares outstanding), compared with net income of $989,000 or $0.32 per share (based on 3,126,000 weighted average number of common equivalent shares outstanding) the same period last year.
 Full-year net sales amounted to $121.9 million, reflecting an increase of 38 percent over net sales of $88.1 million for fiscal 1992. Operating income (before pre-opening expenses) increased dramatically by 353 percent to $4.3 million over operating income (before pre-opening expenses) of $940,000 reported last year. Net income for fiscal 1993 escalated by 439 percent to $2.4 million or $0.52 per share (based on 4,579,000 weighted average number of common equivalent shares outstanding) over net income of $438,000 or $0.14 per share (based on 3,200,000 weighted average number of common equivalent shares outstanding) a year ago.
 Commenting on the results, Thomas K. Haas, chairman and chief executive officer, said: "Fiscal 1993 was particularly good for SportsTown. During the year we opened six new sporting goods megastores, including two in Houston, Texas; one in Charlotte, North Carolina; one in Greenville, South Carolina; one in San Antonio, Texas; and one in Dallas, Texas, bringing our total number of megastores to 18. Comparable store sales were up by approximately 18.3 percent and the new megastores performed above previous expectations." Haas continued, "SportsTown's continued emphasis on the breadth and depth its merchandise assortment and the strategic placement of its megastores enabled the company to report very favorable results."
 Haas noted that as a part of the company's strategic business plan, SportsTown intends to increase its market penetration in the Southeast and Texas during the current fiscal year. The company anticipates an opening for its Charleston, S.C., sporting goods megastore in May 1993, and another for an additional store in Dallas, scheduled to open in June 1993. Haas said SportsTown plans to expand its operations to include six more sporting goods megastores for a total of eight during the year.
 Haas concluded, "We feel confident that we have positioned each of our sporting goods megastores in high traffic areas, allowing SportsTown the ability to increase market share and profits, which is in keeping with the company's expansion strategy."
 SportsTown, Inc. operates a total of 18 retail sporting goods megastores in Georgia, the Carolinas, and Texas. The company's megastores range in size from 42,000 to 68,000 square feet and offer a wide variety of sports equipment, athletic footwear and leisure apparel.
 SPORTSTOWN, INC.
 CONSOLIDATED STATEMENT OF OPERATIONS
 (Unaudited)
 (In thousands except per share data)
 Pct.
 Fourth quarter ending 1/30/93 2/1/92 Inc.
 Net sales $41,581 $28,056 48
 Operating income before pre-opening
 expenses 2,992 1,086 176
 Pre-opening expenses 1,315 --- ---
 Income before income taxes 1,715 989 73
 Net income 1,631 989 65
 Net income per share $ 0.33 $ 0.32 ---
 Comparable store sales increase 8 pct. 15 pct.
 Weighted avg. number of common
 equivalent shares outstanding,
 giving retroactive effect to the
 conversion of preferred stock and
 related warrants 4,988 3,126 ---
 Pct.
 Fiscal year ending 1/30/93 2/1/92 Inc.
 Net sales $121,923 $88,143 38
 Operating income before pre-opening
 expenses 4,262 940 353
 Pre-opening expenses 1,962 --- ---
 Income before income taxes 2,476 438 465
 Net income 2,363 438 439
 Net income per share $ 0.52 $ 0.14 ---
 Comparable store sales increase 18 pct. 14 pct.
 Weighted avg. number of common
 equivalent shares outstanding,
 giving retroactive effect to the
 conversion of preferred stock and
 related warrants 4,579 3,200 ---
 NOTE: The comparable store sales increase for fiscal 1992, which was a 53-week fiscal year, has been adjusted to reflect 52 weeks of data.
 -0- 3/17/93
 /CONTACT: Thomas K. Haas, chairman and chief executive officer, or Clyde S. Fossum, chief financial officer of SportsTown, 404-246-5300/
 (SPTN)


CO: SportsTown, Inc. ST: Georgia IN: REA SU: ERN

BR-BN -- AT006 -- 8950 03/17/93 14:14 EST
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Date:Mar 17, 1993
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