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CELEX GROUP REPORTS REVENUE GAINS FOR FISCAL 1992 AND RESTRUCTURES OPERATIONAL FOCUS

 CELEX GROUP REPORTS REVENUE GAINS FOR FISCAL 1992
 AND RESTRUCTURES OPERATIONAL FOCUS
 CHICAGO, Sept. 29 /PRNewswire/ -- CELEX Group, Inc., the publicly held creator and marketer of proprietary products for personal and business motivation, today said that revenues for the fiscal year ended April 30, 1992, of $5,736,992 represented a substantial improvement in its continuing businesses over fiscal 1991's adjusted $3,888,000. The earlier year contained $1,700,000 of sales from a business divested at the beginning of fiscal 1992.
 Net income in the most recent year of $101,801, was equal to 6 cents per share. An operating loss of $91,795 as a result of substantial legal and development expenditures for structuring the company's new business-to-business Successories franchise program was offset by other income, including a gain on the sale of previous businesses.
 "Successories franchises use a retail store format as a hub from which to help business owners and managers promote customer service, quality and teamwork," according to Mac Anderson, CELEX founder and president. The company had only one store at the end of fiscal 1991, but was up to six by April and will reach a predetermined 20 by the end of the current fiscal year.
 Anderson said he targets 100 Successories outlets by 1995. He said the costs connected with launching Successories in 1992 included legal fees, direct mail tests, the preparation of a 300-page operations manual for franchisees, reviewing other franchise programs, experiments with the right combination of products, and advertising and public relations. Recent articles about Successories in Nation's Business, Chicago Tribune and Inc. magazine have yielded over 4,000 inquiries and 600 franchise applications to date.
 CELEX corporate name is a contraction of its operating arm, Celebrating Excellence, which markets the company's line of quotation books with business themes; wall decor, including lithographs, plaques, calligraphy and posters; desk accessories; recognition awards and motivational greeting cards. These are sold through a 48-page catalog and telemarketing operation supported by national print advertising, as well as through direct sales.
 CELEX's financial position is sound. At April 30, working capital was $171,295, the current ratio was 1.13 to 1, stockholders' equity was $769,756, long-term debt was $552,754 and assets were $2.5 million.
 Anderson described fiscal 1992 as a "transition year," in which the company built the foundation for Successories as a major source of future earning power. He indicated management foresees revenues reaching $11 million in the current year based on the company's business plan and first quarter indications.
 CELEX GROUP, INC.
 Condensed Consolidated Statement of Income
 Year ended April 30 1992
 Net revenues $5,736,992
 Cost of goods sold 2,260,687
 Gross profit 3,476,305
 Operating expenses 3,568,100
 Operating (loss) (91,795)
 Other income - net 197,296
 Income before income taxes and
 extrordinary credit 105,501
 Net income $ 101,801
 Net income per share of common stock $.06
 Weighted average number
 of common shares 1,802,061
 Condensed Consolidated Balance Sheet
 4/30/92
 Assets:
 Current assets $1,400,129
 Property and equipment - net 447,747
 Total assets $2,551,344
 Liabilities and capital:
 Current liabilities $1,228,834
 Long-term obligations 552,754
 Stockholders' equity $ 769,756
 -0- 9/29/92
 /CONTACT: Mac Anderson, president and CEO of CELEX, 708-953-8440; or Jim Tolan of O'Connor Biro & Associates, 708-498-2284, for CELEX/ CO: CELEX Group, Inc. ST: Illinois IN: REA SU:


GK -- NY038 -- 4331 09/29/92 11:05 EDT
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Date:Sep 29, 1992
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