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GARMENT GRAPHICS REPORTS CONTINUED GROWTH IN NET INCOME AND SALES

 GARMENT GRAPHICS REPORTS CONTINUED GROWTH IN NET INCOME AND SALES
 MINNEAPOLIS, Feb. 5 /PRNewswire/ -- Garment Graphics, Inc. today reported continued growth in both sales and net income for the nine months ended Dec. 31, 1991. Net income was $915,357, or $.395 per share, on sales of $17,904,261 for the current period compared to $633,159, or $.273 per share, with sales of $11,044,812 for the comparable reporting period last year.
 The company attributed the increase in sales to the addition of new customers, increased sales from existing customers, and the additional sales provided under license from the 1991 World Series.
 Bill Howe, Garment Graphics' president and CEO, stated, "Despite a cautious retail marketplace during the first nine months of the year, Garment Graphics benefited from a strong performance in its base business and from the special opportunity provided by the Minnesota Twins' appearance in the World Series. The fourth quarter, however, traditionally our weakest, may be only moderately improved by sales from the Super Bowl." He added, "Although these special events provide excellent long-term exposure for Garment Graphics, price competitiveness causes a reduction in margin performance for those activities."
 Garment Graphics, Inc., a designer, manufacturer and marketer of decorated sportswear, had sales of $13,793,000, $7,412,000, and $3,419,000 during the fiscal years ended March 31, 1991, 1990 and 1989, respectively.
 GARMENT GRAPHICS, INC.
 Dec. 31, 1991
 1991 1990
 Net sales $17,904,261 $11,044,812
 Percent change + 62.1
 Net income $915,357 $633,159
 Percent change + 44.6
 Net income per share $.395 $.273(a)
 Shares outstanding 2,315,000 2,315,000
 (a) Adjusted to reflect comparable accounting procedures
 -0- 2/5/92
 /CONTACT: Tom de Petra of de Petra & Associates, 612-338-7630 for Garment Graphics; or William D. Howe, president and CEO of Garment Graphics, 612-786-6220/ CO: Garment Graphics, Inc. ST: Minnesota IN: SU: ERN


AL -- MN010 -- 7255 02/05/92 13:52 EST
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Publication:PR Newswire
Date:Feb 5, 1992
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