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GO-VIDEO ACHIEVES RECORD QUARTERLY RESULTS

 SCOTTSDALE, Ariz., Dec. 6 /PRNewswire/ -- GO-VIDEO Inc. (AMEX: VCR) today reported record sales and earnings for the first quarter of its 1994 fiscal year.
 Sales for the quarter, which ended Oct. 31, 1993, were $11,564,643, compared to $6,121,001 in the first quarter of the prior year, an increase of 89 percent. Net income of $174,159, or $0.02 per share, compared to $21,173, or $0.00 per share, in the corresponding period of the prior year.
 R. Terren Dunlap, chairman and chief executive officer of GO-VIDEO, said the first quarter profit "is the result of management's focus on the five factors important to our success: the product line, the credit line, the lines of distribution, the production line and the bottom line. We have been encouraged by the sell-through of our products and the indications in the marketplace of the acceptance of the Dual- Deck(TM) VCR as a new category in the electronics industry."
 Last week, GO-VIDEO announced an increase in its credit line from Congress Financial Corp., allowing the company to meet accelerating product demand from consumers and retailers.
 GO-VIDEO Inc. is the designer, patent-holder and marketer of the only Dual-Deck VCR sold in the United States and the only videocassette recorder that easily can copy any VHS video tape. The GO-VIDEO Dual Deck VCR is sold through prominent retail outlets nationwide and is featured in numerous popular catalogs. A leader in VCR technology, GO- VIDEO, through continuous research, recently has introduced innovative features, developed creative companion products and expanded its product line to serve the needs of a broader range of retail consumers.
 GO VIDEO INC.
 Condensed Statement of Operations
 (Unaudited)
 First Quarter Ended
 Oct. 31, Percent
 1993 1992 change
 Sales $11,564,643 $6,121,001 89
 Cost of sales 9,592,665 5,018,594 91
 Gross profit 1,971,978 1,102,407 79
 Gross margin 17 pct 18 pct ---
 Other operating costs 1,603,784 1,028,593 56
 Operating income 368,194 73,814 399
 Interest expense (214,771) (78,890) 172
 Other income 20,736 26,249 -21
 Net income 174,159 21,173 723
 Net income per share $0.02 $0.00 ---
 Weighted average
 shares outstanding 11,042,535 10,446,497 6
 -0- 12/6/93
 /CONTACT: Edward J. Brachocki, VP-Marketing of GO-VIDEO, 602-998-3400/
 (VCR)


CO: GO-VIDEO Inc. ST: Arizona IN: CPR SU: ERN

JL-LM -- LA002 -- 0604 12/06/93 08:02 EST
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Publication:PR Newswire
Date:Dec 6, 1993
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