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CST ENTERTAINMENT IMAGING REPORTS SECOND QUARTER RESULTS

 LOS ANGELES, Jan. 20 /PRNewswire/ -- CST Entertainment Imaging Inc. (AMEX: CLR) today reported revenues increased 51 percent to $1.8 million for the second fiscal quarter ended Dec. 31, 1992. Revenue from coloring operations in the second quarter was $1.8 million, almost three times the coloring revenue recorded in the comparable quarter last year. This compared with revenues of $1.2 million for the comparable quarter last year, which included a net gain on the sale of equipment of $514,000. The net profit for the quarter ended Dec. 31, 1992, was $106,000, or $.01 per share on 22 percent more weighted average common shares outstanding. Last year's second-quarter net profit was $211,000, or $.01 per share. However, included in last year's second quarter was a $943,000 gain from forgiveness of debt.
 Revenue for the six months ended Dec. 31, 1992, was $3 million, a 31 percent increase over the comparable six months last year. The net loss for the six-month period of $110,000, or $.01 per share, compared to a net loss of $426,000, or $.03 per share for the comparable period last year. Coloring revenue for the first six- month period was just slightly under $3 million, or almost double that of the comparable period last year.
 Commenting on the results, Gerald Shefsky, chairman and chief executive officer, stated, "The company is very pleased at the continuing increase in revenue from coloring activity. This is the first time in the history of the company that a net profit from operations has occurred. We anticipate continuing increases throughout the balance of the year; however, there will be some down time during the end of this month, as the company moves its headquarters to more efficient and cost-effective space.
 "At Dec. 31, 1992, stockholders' equity increased to $1.09 million. This compared to a stockholders' deficit at Dec. 31, 1991, or $2.56 million," Shefsky added.
 CST ENTERTAINMENT IMAGING INC.
 Statements of Operations
 (unaudited)
 Three Months Ended
 Dec. 31,
 1992 1991
 Revenue $1,804,274 $1,194,394
 Profit (loss) before extraordinary item 95,925 (732,040)
 Extraordinary item -- gain from
 forgiveness of debt 10,321 942,875
 Net profit $106,246 $210,835
 Per share:
 Profit (loss) before extraordinary item $0.01 ($0.05)
 Extraordinary item 0.00 0.06
 Net profit per share $0.01 $0.01
 Weighted average number of common
 shares outstanding 18,057,428 14,766,075
 Six Months Ended
 Dec. 31,
 1992 1991
 Revenue $3,030,005 $2,314,289
 Loss before extraordinary item (120,205) (1,445,847)
 Extraordinary item -- gain from
 forgiveness of debt 10,321 1,019,705
 Net loss ($109,884) ($426,142)
 Per share:
 Loss before extraordinary item ($0.01) ($0.11)
 Extraordinary item 0.00 0.08
 Net loss per share ($0.01) ($0.03)
 Weighted average number of common
 shares outstanding 17,961,592 13,457,249
 -0- 1/20/93
 /CONTACT: Gerald Shefsky, chairman and CEO of CST Entertainment Imaging, 310-417-3444; or Don Reynolds Associates, 310-275-9024, for CST Entertainment Imaging/
 (CLR)


CO: CST Entertainment Imaging Inc. ST: California IN: ENT SU: ERN

BP-LS -- LA003 -- 6737 01/20/93 09:00 EST
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Date:Jan 20, 1993
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