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THE BANKER'S NOTE REPORTS RESULTS

 THE BANKER'S NOTE REPORTS RESULTS
 SMYRNA, Ga., May 1 /PRNewswire/ -- Following is the financial


summary for The Banker's Note, Inc. (OTC: BKNTQ):
 4th qtr. 12 mos.
 1991 1990 1991 1990
 Sales $5,475,000 $8,222,000 $25,550,000 $38,561,000
 Income (loss) before
 tax and non-recurring
 charges (216,000)(2,070,000) (1,683,000) (1,941,000)
 Net income (loss) (250,000)(1,815,000) (3,670,000) (1,735,000)
 Earnings (loss) per
 share (.08) (.55) (1.11) (.53)
 Avg. shares outst. 3,326,550 3,277,250 3,310,252 3,277,250
 Stores open at end
 of period 38 66 38 66
 The Banker's Note, Inc., a chain of women's specialty apparel stores operating under Chapter 11 of the United States Bankruptcy Code, today announced an operating loss before taxes and non-recurring expenses for the year ended Feb. 2, 1992, of $(1,683,000).
 This compares to a loss of $(1,941,000) for the prior year. The net loss including tax and non-recurring expenses was $(3,670,000) or $(1.11) per share compared to a loss of $(1,735,000) or $(.53) per share for the prior year.
 For the fourth quarter, the company recorded a loss of $(216,000) before tax and non-recurring expenses and a net loss of $(250,000) or $(.08) per share compared to a loss of $(2,070,000) before tax and non-recurring expenses and the net loss of $(1,815,000) or $(.55) for the same period last year.
 Management believes that the company will be profitable in the first quarter of 1992 which ends May 2 and expects to file its plan of reorganization for creditor approval in the next several months in order to emerge from Chapter 11 reorganization.
 -0- 5/1/92
 /CONTACT: Harold D. Cannon, senior vice president of The Banker's Note, 404-432-0636/
 (BKNTQ) CO: The Banker's Note, Inc. ST: Georgia IN: REA SU: ERN


BN-BR -- AT004 -- 5472 05/01/92 12:30 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:333
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