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STUART ENTERTAINMENT TO START JOINT MANUFACTURING OPERATION IN MEXICO; PRODUCTION TO START IN SECOND QUARTER

STUART ENTERTAINMENT TO START JOINT MANUFACTURING OPERATION IN MEXICO;
 PRODUCTION TO START IN SECOND QUARTER
 LITTLETON, Colo. Feb. 5 /PRNewswire/ -- Leonard A. Stuart, chairman and chief executive officer of Stuart Entertainment Inc. (NASDAQ: STUA), today announced that Stuart Entertainment, S.A. de C.V., a newly-formed Mexican corporation equally owned by Stuart Entertainment and Bingo Press & Specialty Ltd., a Canadian corporation of which Stuart is the majority owner, received approval on Jan. 29, 1992 to operate a plant in Reynosa, Mexico to manufacture bingo sheets under favorable import-export conditions.
 Finished product will be supplied to Stuart Entertainment and Bingo Press & Specialty in such proportion as they may agree from time to time. Production is expected to begin in the second quarter of 1992.
 In the announcement, Stuart stated that the contemplated Mexican operations are expected to provide the additional capacity required to meet the growing demand for its Bingo products and to enable the company to increase its market share. He stressed that the new facility is not intended to replace or supersede any existing operations in the United States.
 Stuart stated that - as previously forecast - Stuart Entertainment expects to report record sales and earnings results for the year ended Dec. 31, 1991. He added that "the pace of incoming orders continues strong, and we anticipate that 1992 will be another banner year for the company."
 Stuart Entertainment has manufacturing facilities in Council Bluffs, Iowa; Littleton, Colo.; Carson, Calif.; Grand Prairie, Texas; Everett, Wash.; Odenton, Md. and Hollywood, Fl. The leader in its industry, Stuart Entertainment manufactures and distributes a complete line of fundraising products, primarily associated with the game of Bingo, as well as other products for leisure and entertainment.
 -0- 2/5/92
 /NOTE TO EDITOR: Stuart Entertainment's major manufacturing facilities are located in: Littleton, Colo.; Carson, Calif.; and Council Bluffs, Iowa./
 /CONTACT: Richard H. Ellison of Stuart Entertainment, 303-795-2625/
 (STUA) CO: Stuart Entertainment Inc. ST: Colorado IN: LEI SU:


MC -- DV006 -- 7282 02/05/92 14:38 EST
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Publication:PR Newswire
Date:Feb 5, 1992
Words:331
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