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/C O R R E C T I O N -- FUNCO, INC./

 In MN014, Funco reports results, moved earlier today, PR Newswire unintentionally issued an error in the tabular material, quarter ended 4/5/92, the net income (loss) per share should read, "$(.03)", rather than "$.03," as originally transmitted.
 Following is the appropriate release:
 FUNCO ANNOUNCES RESULTS
 EDEN PRAIRIE, Minn., May 27 /PRNewswire/ -- Funco, Inc. (NASDAQ: FNCO), today announced financial results for the quarter and year ended April 4, 1993, with comparative amounts for the prior year.
 Quarter Ended Year Ended
 (13 Weeks) (14 Weeks) (52 Weeks) (53 Weeks)
 4/4/93 4/5/92 4/4/93 4/5/92
 Net sales $7,247,000 $2,206,000 $20,534,000 $7,070,000
 Net income (loss) $192,000 $(104,000) $(520,000) $21,000
 Net income (loss)
 per share $.04 $(.03) $(.12) $.01
 Weighted average number
 of shares 4,777,504 3,344,685 4,164,247 3,403,777
 At April 4, 1993, the company operated 56 stores as compared to a total of 11 stores at April 5, 1992, reflecting the company's expansion program. Subsequent to year end, the Company opened 7 stores in the Detroit market and now operates 63 stores located in Minnesota, Texas, Illinois, Wisconsin and Michigan.
 Net sales and net income for the quarter ended April 4, 1993, together with the company's third quarter net sales and net income, result in second half net income of $896,000 on net sales of $16,159,000. This compares with net income of $26,000 on net sales of $5,007,000 in the second half of the prior year. The improved results can be attributed to the company's expanded base of stores. The current year net loss was in line with company expectations.
 Eden Prairie based Funco, Inc. through its Funcoland stores is engaged in the business of providing previously played interactive entertainment. The company's products primarily include Nintendo and Sega video games, hardware and accessories. The company's stock is traded on the NASDAQ system under the symbol FNCO.
 -0- 5/27/93 C MN014
 /CONTACT: David Pomije of Funco, 612-946-7220/
 (FNCO)


CO: Funco, Inc. ST: Minnesota IN: REA SU: ERN

DB -- MN015 -- 3210 05/27/93 18:46 EDT
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Publication:PR Newswire
Date:May 27, 1993
Words:366
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