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GLACIER HOLDINGS ANNOUNCES FIRST QUARTER RESULTS

 NILES, Ill., Nov. 16 /PRNewswire/ -- Glacier Holdings Inc. (NASDAQ: GHCI) today announced results for its first quarter ended Sept. 25, 1993.
 The company reported revenue of $1,734,860, up approximately 1 percent from $1,719,647 in the first quarter last year. Net loss for the first quarter was $174,808, or 7 cents per share, as compared to net income of $15,361, or less than 1 cent per share, in the like period a year ago.
 The company attributed the loss to lower sales and gross margins at its Glacier Water subsidiary.
 On Oct. 13, 1993, the company completed its merger with Stylemaster Inc., and will report consolidated financial information beginning with the second quarter ended Dec. 25, 1993.
 -0- 11/16/93
 /CONTACT: Mary Dolis of Glacier Holdings, 708-647-8385/
 (GHCI)


CO: Glacier Holdings Inc. ST: Illinois IN: SU: ERN

BB -- DV006 -- 5147 11/16/93 13:51 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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