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EZCONY INTERAMERICA ANNOUNCES THIRD QUARTER RESULTS

 MIAMI, Nov. 15 /PRNewswire/ -- Ezcony Interamerica Inc. (NASDAQ: EZCOF) today announced that revenues increased to $24.7 million in the third quarter ended Sept. 30 from $23.7 million in the 1992 comparable period. In the 1993 quarter the company lost $4.8 million, $1.07 per share, compared to a profit of $183,000, $0.05 per share on fewer shares outstanding, in the 1992 period.
 For the 1993 nine months ended Sept. 30, the company's revenues were $73.3 million compared to $88.3 million in the 1992 period. The company lost $6.3 million, $1.40 per share, in the 1993 period compared to a profit of $2 million, $6.2 per share on fewer shares outstanding, in the 1992 period.
 Third quarter results were negatively impacted by a $718,000 restructuring charge and a $2.3 million increase in the company's reserve for doubtful accounts.
 The $2.3 million write-down included a $900,000 write-down of a single receivable from a former customer in Ecuador who has previously agreed to settlement of outstanding obligations to the company and then did not fully perform in accordance with his agreement. The company has instituted litigation against this customer.
 Ezcony Interamerica Inc. is one of the largest independent distributors of consumer electronics in Latin America.
 EZCONY INTERAMERICA, INC.
 Nine Months Ended Three Months Ended
 Sept. 30, Sept. 30,
 (000s omitted except per share amounts)
 1993 1992 1993 1992
 Net Sales $73,311 $88,316 $24,667 $23,749
 Net Earnings (Loss) (6,320) 2,013 (4,828) 183
 Net Earnings (Loss)
 Per Share ($1.40) $.62 ($1.07) $.05
 Average Number of
 Shares Outstanding 4,500 3,263 4,500 3,783
 -0- 11/15/93
 /CONTACT: Candido Sosa Jr., CFO, Ezcony Interamerica, 305-599-1352/
 (EZCOF)


CO: Ezcony Interamerica, Inc. ST: Florida IN: HOU SU: ERN

RK-AW -- FL013 -- 4683 11/15/93 16:59 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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