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CREATIVE TECHNOLOGIES REPORTS SECOND QUARTER NET SALES UP 124 PERCENT; RECORD SECOND QUARTER AND SIX MONTHS RESULTS

 BROOKLYN, N.Y., Aug. 18 /PRNewswire/ -- Creative Technologies Corp. (NASDAQ: CRTV) announced Thursday, Aug. 12 record results for both the second quarter and six months ended June 30, 1993.
 Net sales for the quarter increased by 124 percent to $1,901,000 in 1993 from $850,000 in 1992. For the six months net sales increased by 167 percent to $5,385,000 in 1993 from $2,018,000 in 1992. Net income for the quarter increased to $82,000 from a loss of $88,000 last year. For the six months net income was $575,000 compared with a loss of $25,000 last year.
 Primary earnings per share were 1 cent per share in 1993 compared with a loss of 6 cents per share last year and 15 cents per share for the six months compared to a loss of 6 cents per share last year.
 Richard Helfman, president of Creative commented: "I am very pleased to report these results in what is historically our weakest quarter of the year. Sales of our pasta machines have continued at record levels and several major new accounts will be introducing the product in the fall.
 "We expect the infomercial for our GRILL EXPRESS(TM) to be completed by the end of this month and to begin being aired in September. Based on these developments, we expect to substantially increase our sales and profits in the second half of this year."
 CREATIVE TECHNOLOGIES CORPORATION
 (In thousands)
 Periods ended Three Months Six Months
 June 30 1993 1992 1993 1992
 Net sales $1,901 $850 $5,385 $2,018
 Net income 82 (88) 575 (25)
 Income attributable to
 common shareholders 16 (149) 443 (144)
 Earnings per share
 Primary $0.01 $(0.06) $0.15 $(0.06)
 Fully diluted $0.01 $(0.06) $0.12 $(0.06)
 Creative Technologies Corp. designs, manufactures, and distributes small electric appliances that are used in the home kitchen. Currently CTC's top selling items are a series of fresh pasta making machines, which are the leading sellers in this category nationwide, and the GRILL EXPRESS, a revolutionary patented grill.
 -0- 8/18/93
 /CONTACT: Donald Radcliffe of Radcliffe & Associates, 212-605-0534/
 (CRTV)


CO: Creative Technologies Corp. ST: New York IN: SU: ERN

LG-SM -- NY011 -- 3813 08/18/93 09:51 EDT
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Date:Aug 18, 1993
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