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DYNAMIC CLASSICS, LTD. ANNOUNCES EARNINGS OF $.23 PER SHARE FOR THE 2ND QUARTER VERSUS $.04 PER SHARE FOR THE PREVIOUS 2ND QUARTER

 NEW YORK, Jan. 11 /PRNewswire/ -- Dynamic Classics, Ltd. (NASDAQ: DYNC) today announced results for its fiscal 2nd quarter and six months ended Oct. 31, 1993. For the quarter, revenues increased 40% to $10,162,074 and net income increased 475% to $409,769 or $.23 per share. For the six months, revenues increased 8% to $15,267,277 and net income increased 38% to $194,104 or $.11 per share. In the 1st fiscal quarter, the Company reported a loss of $.12 per share or $215,665.
 Commenting on the results, Marvin Cooper, the Company's President, stated, "Increased sales of the Company's exercise equipment lines coupled with a decreased in the Company's sport bags/luggage and gift lines along with stringent cost controls and compensation reductions on a Company-wide basis helped produce the increased profitability." He further stated that "although sport bags/luggage sales decreased, there has been a strong initial demand for the Company's new Jeep luggage line which it has been developing for the last year." Also, he said that he was encouraged by the enthusiasm which the Company's new Spalding hand- held exercise equipment line was generating.
 DYNAMIC CLASSICS, LTD.
 For the Quarter Ending Oct. 31, 1993 1992
 Sales $10,162,074 $7,272,420
 Net income 409,769 70,655
 Per share earnings .23 .04
 For the Six Months Ending Oct. 31, 1993 1992
 Sales $15,267,277 $14,101,737
 Net income 194,104 139,101
 Per share earnings .11 .08
 -0- 1/11/94
 /CONTACT: Marvin Cooper or John Black of Dynamic Classics, 212-571-0267/
 (DYNC)


CO: Dynamic Classics, Ltd. ST: New York IN: SU: ERN

MP -- NY014 -- 0868 01/11/94 09:23 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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