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GARMENT GRAPHICS, INC. ANNOUNCES INCREASED SALES AND EARNINGS FOR THE FIRST QUARTER

 MINNEAPOLIS, Aug. 10 /PRNewswire/ -- Garment Graphics, Inc. (NASDAQ: GRMN) today announced improved sales and earnings performance for the first quarter ending June 30, 1993.
 Net sales for the first quarter of fiscal 1994 increased 50 percent to $6,007,102 from $4,000,358 for the same period one year ago. Net income was $201,467, or $0.07 per share, compared to a net loss of $74,946, or $(0.03) per share,reported last year.
 R. Neil Hamlin, chairman and CEO of Garment Graphics, said, "The increase in net sales and earnings resulted primarily from an increase in new customer accounts and an expanded product base including new licensed product offerings.
 "Order volume has increased steadily, and now represents the largest backlog in Garment Graphic's history," Hamlin said. "We are enthusiastic about the improvements in the company's performance, and believe that our efforts to expand into new markets will continue." Garment Graphics, Inc., based in Mounds View, Minn., is a designer, manufacturer and nationwide marketer of high-quality decorated sportswear.
 GARMENT GRAPHICS, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 FIRST QUARTER ENDED JUNE 30, 1993
 FIRST QUARTER ENDED
 6/30/93 6/30/92
 Net Sales $6,007,102 $4,000,358
 Net Income (loss) $201,467 $(74,946)
 Earnings (Loss) Per Common Share $0.07 $(0.03)
 Weighted Average Common and Common Equivalent
 Shares Outstanding 2,681,276 2,724,064
 -0- 08/10/93
 /CONTACT: R. Neil Hamlin, chairman, or Barbara Remley, COO and CFO, both of Garment Graphics, Inc., 612-786-6220 /
 (GRMN)


CO: Garment Graphics, Inc. ST: Minnesota IN: TEX SU: ERN

DB -- MN007 -- 1188 08/10/93 12:14 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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