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FIRST TEAM SPORTS, INC. ANNOUNCES SECOND QUARTER RESULTS

 MINNEAPOLIS, Oct. 19 /PRNewswire/ -- First Team Sports (NASDAQ: FTSP), a manufacturer of in-line roller skates and accessories, today reported sales and earnings for the second quarter of fiscal 1994, ended Aug. 31, 1993.
 Consistent with a mid-September forecast release, net sales for the quarter were $7,006,865, compared with $10,248,637 for the year-earlier period. Net income for the second quarter of fiscal 1994 was $142,902, or $.04 per share, versus $902,574, or $.25 per share, in the year-ago quarter.
 The company reported net sales of $15,667,202 for the first half of 1994, compared with $21,576,558 for the fiscal 1993 first half. Net earnings totaled $684,187 or $.19 per share, compared with $1,875,535, or $.51 per share. The 1994 first-half results include $.09 per share in legal expenses related to patent litigation with Rollerblade, Inc.; $.06 per share of this was taken in the second quarter.
 The company announced in its forecast release that it had reached a mutually satisfactory settlement with Rollerblade and that the agreement will have no material effect on the company's financial position or its ability to continue to manufacture its product line.
 "Now that the Rollerblade litigation has been settled, we are looking for a much stronger second half-year," said David Soderquist, president of First Team Sports. We believe that this litigation created a lot of uncertainty among our customers. This uncertainty, together with temporary production delays, resulted in significantly lower sales in the first half of fiscal 1994. Although we expect significant improvement in the second half, fiscal 1994 will probably not equal fiscal 1993."
 John Egart, executive vice president of the company, added, "The in- line market continues to expand and sales have increased among adolescents and children. We are ramping up production of our new Made in the USA skate line and expect it to help us serve this growing market and be a strong contributor to second half revenues."
 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 USA Hockey.
 -0- 10/19/93
 /CONTACT: Robert Lenius, vice president of First Team Sports, 612-780-4454/
 (FTSP)


CO: First Team Sports ST: Minnesota IN: LEI SU: ERN

CP-DB -- MN020 -- 3987 10/19/93 12:36 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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