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FIRST TEAM SPORTS, INC. ANNOUNCES RECORD FISCAL 1993 SALES AND EARNINGS

 MINNEAPOLIS, May 3 /PRNewswire/ -- First Team Sports, Inc. (NASDAQ: FTSP), a manufacturer of in-line roller skates and accessories, today reported record results for fiscal year 1993, ended Feb. 28, 1993.
 Net sales were $38,244,144, an increase of 41 percent over net sales of $27,168,871 for the 1992 fiscal year. Net income totaled $2,961,948, up 56 percent over $1,899,347 for the prior year. Earnings per share were $.81 per share versus $.53 per share for fiscal 1992, an increase of 53 percent.
 Fourth quarter 1993 net sales rose to $6,899,174, a gain of 21 percent over $5,687,013 for the year earlier period. Net income more than doubled to $299,303 from $145,071 in the same period of the prior year.
 David Soderquist, president, stated, "We are extremely pleased with First Team's fiscal 1993 performance. These results clearly reflect our continued growth as well as that of the in-line skate industry, both in the U.S. and globally. Further, we have begun to capitalize on the international opportunities by the recent joint venture agreements with Asics of Japan, The Sportfactor of Australia, and the opening of the Ultra-Wheels sales office in Europe."
 Soderquist added, "While we expect our growth to continue, we have experienced some production delays in our new USA manufactured product line, and therefore anticipate first quarter sales and earnings to be less than analyst projections. However, we will be in full production the latter part of May and anticipate that we will catch up on demand in the second quarter. Based on these production forecasts, our increasing portfolio of orders from current and new customers, and the strong trade acceptance of our new USA manufacture product line, we look forward to another record year in sales and earnings for fiscal 1994."
 Soderquist also indicated that in February 1993, Rollerblade, Inc. commenced an action in the United States International Trade Commission against the company and numerous other in-line roller skate manufacturers for unfair competition and unfair acts in the importation of certain in-line roller skates which allegedly infringe certain patents of Rollerblade. The company has interposed an answer denying all of Rollerblade's claims. Soderquist commented, "There are two patents involved in the Rollerblade action. One patent involves a spacer which allows some of the skate wheels to be mounted with their rotational axis above or below the rotational axis of other wheels. The other patent is a ventilation system which permits air to circulate in and out of the boot. The company has already redesigned its wheel frames, and we have good reason to believe that this will avoid the Rollerblade spacer patent on future skates. Although we intend to contest Rollerblade's claim on this patent, we believe this redesign will significantly limit our exposure on subsequent damage claims." In regard to Rollerblade's ventilated boot patent, Soderquist stated, "We have been advised by patent counsel that there are prior art and prior patents regarding ventilated boots which gives the company a strong defense against Rollerblade's claims on its ventilation system, and we intend to vigorously defend against these claims.
 First Team Sports, Inc. manufactures and distributes high quality in-line roller skates and accessories under the trademarks Ultra- Wheels(R) and Skate Attack(R). The company's products are manufactured and assembled to its specifications in the United States and foreign countries. Ultra-Wheels skates are endorsed by company spokespersons Wayne Gretzky, Janet Jones Gretzky, Katarina Witt, Brett Hull, Kurt Browning and Team USA Hockey.
 FIRST TEAM SPORTS, INC.
 Summary Consolidated Financial Data
 (In thousands, except per share data)
 Fourth Quarter Ended Year Ended
 2/28/93 2/29/92 2/28/93 2/29/92
 INCOME STATEMENT DATA:
 Sales $6,899,174 $5,687,013 $38,244,144 $27,168,871
 Gross profit 2,044,600 1,522,545 12,139,570 8,779,792
 Selling, general and
 administrative
 expenses 1,624,216 1,229,381 7,248,668 5,743,555
 Operating income 420,390 293,164 4,890,902 3,036,237
 Interest expense (63,395) (132,519) (393,328) (298,372)
 Other income (expense) 338 15,592 66,374 102,482
 Income before
 income taxes 357,333 176,237 4,563,948 2,840,347
 Income taxes 58,030 31,166 1,602,000 941,000
 Net income $299,303 $145,071 $2,961,948 $1,899,347
 Net income per
 common share $.08 $.04 $.81 $.53
 Weighted average
 common shares 3,718,025 3,651,251 3,680,448 3,604,976
 2/28/93 2/29/92
 Balance Sheet Data:
 Assets:
 Receivables -- net $7,349,730 $5,800,425
 Inventories 8,332,939 9,448,517
 Total current assets 16,579,009 17,192,387
 Total assets 20,323,893 20,601,254
 Liabilities and equity:
 Short-term debt $4,628,820 $8,930,196
 Total current liabilities 5,403,170 9,261,076
 Long-term debt 1,641,248 1,817,314
 Stockholders' equity 13,279,475 9,522,864
 -0- 5/3/93
 /CONTACT: Robert Lenius, vice president of First Team Sports, 612-780-4454/
 (FTSP)


CO: First Team Sports, Inc. ST: Minnesota IN: LEI SU: ERN

AL -- MN022 -- 4049 05/03/93 18:10 EDT
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Date:May 3, 1993
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