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ERO, INC. REPORTS RECORD SECOND QUARTER NET INCOME

 MOUNT PROSPECT, Ill., July 20 /PRNewswire/ -- ERO, Inc. (NASDAQ: EROI) today reported sales results for the second quarter ended June 30, 1993, of $25,099,000, compared to $24,606,000 the prior year. Sales for the first half of 1993 were $41,872,000, compared to $40,787,000 the prior year.
 Net income for the quarter was a record $802,000 or $0.08 per share, compared to a loss of $432,000 or $0.04 per share a year ago. Net income for the first half was $914,000 or $0.09 per share, compared to a net loss of $4,213,000, or $0.48 per share a year ago. The 1992 results include an extraordinary expense for the early extinguishment of debt of $1,558,000 ($0.18 per share) and the cumulative effect of the change in accounting for income taxes of $1,911,000 ($0.22 per share).
 Robert J. Lipsig, chairman, stated, "Although our sales have been impacted by cool and wet weather, cautious consumer spending, and declining consumer confidence, we have been able to increase sales in the first half. This increase has been the result of our strategy to diversify through acquisitions, allowing us to grow in spite of the economy. I am also pleased that we have increased our net income as a result of consolidating functions and tight expense control."
 ERO, Inc. is a leading marketer of exclusive consumer leisure products. The company manufactures and imports the following principal product lines: slumber products, including indoor sleeping bags and play tents: water sports products, including flotation devices, and swim accessories; back-to-school products, including back packs and school bags; sport bags; soft-sided coolers; and room decorations. ERO's products are sold to all major mass merchandisers.
 ERO, INC.
 Summary Statement of Operations
 Quarter Ended June 30, 1993
 1993 1992
 Revenues $25,099,000 $24,606,000
 Net income (loss) 802,000 (432,000)
 Average shares 10,486,000 9,966,000
 Earnings per share:
 Net income (loss) $ 0.08 $ (0.04)
 Six Months Ended June 30, 1993
 1993 1992
 Revenues $41,872,000 $40,787,000
 Income (loss) before extraordinary
 charge 914,000 (744,000)
 Extraordinary charge -- (1,558,000) (A)
 Income (loss) before cumulative
 effect of accounting change 914,000 (2,302,000)
 Cumulative effect of
 accounting change -- (1,911,000) (B)
 Net income (loss) $ 914,000 $(4,213,000)
 Average shares 10,481,000 8,833,000
 Earnings per share:
 Income (loss) before extra-
 ordinary charge $ 0.09 $ (0.08)
 Extraordinary charge -- (0.18) (A)
 Cumulative effect of
 accounting change -- (0.22) (B)
 Net income (loss) $ 0.09 $ (0.48)
 Note: Figures in parentheses are losses
 (a) Losses from early debt repayment
 (b) Cumulative effect of the change in accounting for income taxes
 -0- 7/20/93
 /CONTACT: William A. Klettke, executive vice president, of ERO, Inc., 708-803-9200 ext. 351/
 (EROI)


CO: ERO, Inc. ST: Illinois IN: REA SU: ERN

LD -- NY120 -- 3646 07/20/93 18:16 EDT
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Date:Jul 20, 1993
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