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CRAFTMATIC/CONTOUR INDUSTRIES, INC. ANNOUNCES FIRST QUARTER RESULTS

 TREVOSE, Pa., Feb. 12 /PRNewswire/ -- Stanley Kraftsow, chairman of Craftmatic/Contour Industries, Inc. (NASDAQ: CRCC), announced today the results of operations for the first quarter ended Dec. 31, 1992.
 Mr. Kraftsow said that the corporation had net revenues for the first quarter ended Dec. 31, 1992, of $10,526,000 and net income of $86,000 or $.04 per share. This compares with net revenues of $14,044,000 and net income of $22,000 or $.01 per share for the first quarter ended Dec. 31, 1991. The information shown is after the provision for preferred stock dividends in the amount of $156,000 or $.06 per share for both periods presented.
 Mr. Kraftsow noted that the decline in net revenues for the first quarter ended Dec. 31, 1992, was attributable to the corporation's decision to discontinue distribution of the Contour Chair-Lounge due to continuing weakness in the Contour Chair distribution system as a whole.
 Craftmatic/Contour Industries, Inc., is a manufacturing, marketing and sales organization engaged in distribution and sales primarily in the United States of the Craftmatic electric adjustable bed specially designed for residential use, but having certain features found in hospital beds.
 -0- 2/12/93
 /CONTACT: Karen Kryven of Craftmatic/Contour Industries, 215-639-1310/
 (CRCC)


CO: Craftmatic/Contour Industries, Inc. ST: Pennsylvania IN: HOU SU: ERN

LR-GK -- NY030 -- 6181 02/12/93 13:25 EST
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Date:Feb 12, 1993
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