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CHAMPION INDUSTRIES FIRST QUARTER EARNINGS RISE 97 PERCENT

 HUNTINGTON, W.Va., March 11 /PRNewswire/ -- Champion Industries, Inc. (NASDAQ: CHMP), today announced that earnings for the first quarter increased 97 percent over first quarter 1992 to $383,000.
 Earnings one year ago had been $194,000.
 First quarter 1993 earnings amounted to 19 cents per share based on weighted average shares outstanding for the quarter. Had all shares been issued and outstanding for the entire quarter, earnings would have been 12 cents per share. Pro forma projected earnings for the quarter were 6 cents per share. The first quarter (November, December, January) is normally the weakest quarter for the printing industry.
 Marshall T. Reynolds, chief executive officer of Champion, called the results "gratifying." He attributed the increase to "solid growth in sales of both printing and office supplies coupled with steady margins and a reduction in both general and administrative expenses."
 Reynolds has said previously the company intends to pursue a program of long term revenue growth through a combination of printing firm acquisitions along with enhanced internal revenue growth.
 Champion completed its initial public offering of NASDAQ-listed common stock on Jan. 28, 1993.
 Champion Industries, Inc. is a major commercial printer and supplier of office products and office furniture in its regional market of West Virginia, eastern and central Kentucky and southern Ohio. The company is headquartered in Huntington, West Virginia.
 -0- 3/11/93
 /CONTACT: Joseph C. Worth of Champion Industries, 304-528-2791/
 (CHMP)


CO: Champion Industries, Inc. ST: West Virginia IN: SU: ERN

CD -- PG004 -- 5063 03/11/93 10:58 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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