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ALLERCARE ANNOUNCES RESULTS FOR FISCAL YEAR 1993

 BLOOMINGTON, Minn., July 30 /PRNewswire/ -- Allercare, Inc. (NASDAQ: ALLR), today announced results for the fiscal year ended April 30, 1993.
 Net sales for the year ending April 30, 1993 were $1,241,542 up 22.5 percent from $1,013,394 in the prior year. The increase was due to additional distribution with existing customers, as well as new accounts.
 The net loss for the year was $434,123, or $0.05 per share versus a net loss last year of $1,584,402, or $0.23 per share. The loss for the year included a $481,710 gain from the extinguishment of trade debt, and a non-cash debt conversion expense of $446,620.
 Allercare, Inc., a Bloomington-based health and beauty aid products company markets nail and cuticle treatment products under the brand name LaSalle "10."
 ALLERCARE, INC. SUMMARY OF RESULTS FISCAL YEAR 1993
 YEAR ENDED:
 4/30/93 4/30/92
 Net sales $1,241,542 $1,013,394
 Loss before
 extraordinary item (915,833) (1,735,586)
 Extraordinary gain 481,710 151,184
 Net loss $(434,123) $(1,584,402)
 Loss before extraordinary
 item per share $(0.10) $(0.25)
 Extraordinary item 0.05 0.02
 Net loss per share $(0.05) $(0.23)
 Weighted average shares
 outstanding 9,131,525 6,921,620
 -0- 7/30/93
 /CONTACT: Sigfred W. Peck, president and CEO of Allercare,


612-944-0551/
 (ALLR)


CO: Allercare, Inc. ST: Minnesota IN: HOU SU: ERN

TJ -- MN009 -- 7764 07/30/93 12:38 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 30, 1993
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