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INSERT BW1090 (TYCO-TOYS), Inserting Consolidated Statements of Operations, repeating Tyco Toys financial results.

MT. LAUREL, N.J.--(BUSINESS WIRE)--February 9, 1995-- Tyco Toys, Inc.(NYSE:TTI) today reported net sales of $753,098,000 for the year ended December 31, 1994, compared to $730,179,000 for 1993.

The net loss for the year was $35,130,000 or $1.01 per share compared to a net loss of $69,940,000 or $2.08 per share in 1993. The 1994 results include a special charge of $4.7 million associated with the company's previously announced disposal of its Italian subsidiary. The comparable 1993 results include $28,214,000 in special charges related primarily to the write-off of certain product tooling and other assets and the restructuring of certain foreign operations. The company's results include a $1.5 million tax provision in 1994 compared to a $13.4 million tax benefit in 1993. Operating income for 1994 was $635,000, compared to an operating loss of $56,914,000 in 1993.

The weighted average number of shares outstanding for 1994 was 34,687,000 compared to 33,595,000 shares in 1993.

For the fourth quarter of 1994, the company reported sales of $246,768,000 compared to $247,941,000 for the same period in 1993. The net loss for the fourth quarter was $13,484,000 or 39 cents per share, compared to a net loss of $58,146,000, or $1.68 per share in 1993.

Richard E. Grey, chairman and chief executive officer, said, "While overall results in 1994 were disappointing in our Playtime unit and certain international subsidiaries, we did make progress in our turnaround efforts in a number of areas. Our 1994 results reflect improved gross margins and reduced operating expenses, with significant profit improvement achieved in our U.S. business unit. Further, our cost containment and inventory reduction programs are on-going and we are confident that in 1995 the company will continue the turnaround program begun last year."

The company also said it expects to close by Feb. 24, 1995 on the previously announced commitment from GE Capital Corporation to provide a new $90 million, three-year working capital facility for certain of the company's domestic and foreign subsidiaries and to arrange, on behalf of the company, a $200 million, five-year receivables securization facility. In connection therewith the company said it expects its current bank group, led by NationsBank of North Carolina, N.A., to amend and extend its waiver of certain provisions of the company's present principal credit facility which expires Feb. 10, 1995.

Tyco Toys markets a broad range of products worldwide, including Tyco(R) radio control vehicles, View-Master(R) 3-D viewers, Magna Doodle(R) drawing toys and Matchbox(R) diecast vehicles and playsets.
 Tyco Toys Inc. and Subsidiaries
 Consolidated Statements of Operations
 (In thousands, except per share amounts)


 For the Quarters Ended For the Years Ended
 December 31, December 31,
 1994 1993 1994 1993


Net sales $246,768 $247,941 $753,098 $730,179
Cost of goods sold 150,308 164,276 445,394 436,641


Gross profit 96,460 83,665 307,704 293,538


Marketing, advertising
 and promotion 57,463 68,905 172,462 180,815
Selling, distribution
 and administrative
 expenses 36,977 43,558 123,622 134,947
Restructuring and other
 special charges -- 26,814 4,700 28,214
Amortization of
 goodwill 1,516 1,593 6,285 6,476
Total operating
 expenses 95,956 140,870 307,069 350,452
Operating income
 (loss) 504 (57,205) 635 (56,914)
Interest expense 9,889 7,140 31,621 24,658
Other expense, net 1,817 1,530 487 1,768
Interest and other
 expense, net 11,706 8,670 32,108 26,426


Loss before taxes (11,202) (65,875) (31,473) (83,340)


Provision (benefit)
 for income taxes 1,500 (7,729) 1,500 (13,400)


Net loss (12,702) (58,146) (32,973) (69,940)


Preferred stock
 dividends 782 -- 2,157 --
Net loss applicable
 to common
 shareholders ($13,484) ($58,146) ($35,130) ($69,940)
Net loss per common share:
Primary ($0.39) ($1.68) ($1.01) ($2.08)
Fully Diluted ($0.39) ($1.68) ($1.01) ($2.08)


Average common shares
 outstanding:
Primary 34,715 34,672 34,687 33,595
Fully Diluted 34,715 34,672 34,687 33,595


Dividends per
 common share $ -- $ -- $ -- $0.075


Tyco Toys Inc. and Subsidiaries

Consolidated Balance Sheets

(In thousands, except share amounts)

December 31,

1994 1993

Assets Current assets Cash and cash equivalents $ 30,476 $ 32,036 Receivables, net 211,400 219,232 Inventories, net 66,284 93,902 Prepaid expenses and other current assets 24,389 27,187 Deferred taxes

17,231 16,489

Total current assets 349,780 388,846

Property and equipment, net 47,240 50,182

Other assets Goodwill, net of accumulated amortization

231,292 235,824 Deferred taxes, noncurrent

25,635 25,635 Other assets 18,591

14,682 Total other assets 275,518 276,141

Total assets $672,538 $715,169

Liabilities and stockholders' equity Current liabilities Notes and acceptances payable $57,531 $68,963 Current portion of long-term debt 21,465 15,259 Accounts payable

51,325 62,602 Accrued expenses and other current liabilities 97,011 109,681

Total current liabilities 227,332 256,505

Long-term debt, net of current portion 146,851

179,771 Deferred income taxes and other liabilities

2,124 1,444

Stockholders' Equity Preferred stock, $.10 par value, 1,000,000 shares authorized; 49,055 shares issued and outstanding in 1994 5

-- Common stock, $.01 par value, 50 million shares authorized; 34,893,516 and 34,847,316 issued in 1994 and 1993, respectively

347 347 Additional paid-in capital 343,214

294,500 Retained earnings (accumulated deficit) (27,832)

7,298 Treasury stock, at cost; 175,590 shares in 1994 and 1993

(1,595) (1,595) Cumulative translation adjustment (17,908) (23,101) Total stockholders' equity 296,231 277,449 Total liabilities and stockholders' equity $672,538 $ 715,169

CONTACT: Tyco Toys Inc.

Bruce Maguire, 609/840-1384
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