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DYNASTY CLASSICS REPORTS YEAR RESULTS

 CARSON, Calif., March 24 /PRNewswire/ -- Dynasty Classics Corp. (NASDAQ: DNST) today announced the results of its operations for the fourth quarter and year ended Dec. 31, 1992.
 Sales for the quarter were $17,986,000 compared to $25,804,000 in the comparable period ended Dec. 31, 1991. Sales for the year were $84,926,000, down $9,791,000 or 10 percent from sales of $94,717,000 in 1991.
 The company reported a 1992 fourth quarter net loss of $760,000 or 9 cents per share vs. a net loss of $1,200,000 or 15 cents per share for the final period of 1991. For the year ended Dec. 31, 1992, the company reported a net loss of $1,351,000 or 17 cents per share vs. a net loss of $103,000 or 2 cents share for 1991.
 Craig Winn, Dynasty chairman and chief executive officer, said, "1992 was a challenging year, but one during which progress was made. Our strengthened sales management team is now in place as is our increased credit facility. We are better prepared to achieve improved results in 1993."
 Dynasty Classics designs and produces lighting products, home decor and Christmas items for distribution through leading retail channels including major national retailers, home centers, discount mass merchants, warehouse clubs and catalog showrooms.
 DYNASTY CLASSICS CORP.
 Financial Highlights
 Three Months Ended Dec. 31,
 1992 1991
 Sales $17,986,000 $25,804,000
 Earnings (loss) (760,000) (1,220,000)
 Per share (loss) ($.09) ($.15)
 Year Ended Dec. 31,
 1992 1991
 Sales $84,926,000 $94,717,000
 Earnings (loss) (1,351,000) 103,000
 Per share (loss) ($.17) $.02
 -0- 3/24/93
 /CONTACT: Michael J. Simmons, executive VP of Dynasty Classics, 310-834-3637; or Glenn Canary of Glenn Canary Consulting, 310-373-1529, for Dynasty Classics/
 (DNST)


CO: Dynasty Classics Corp. ST: California IN: REA HOU SU: PDT

LS -- LA029 -- 9241 03/24/93 16:23 EST
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Publication:PR Newswire
Date:Mar 24, 1993
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