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INTERNATIONAL MOVIE GROUP REPORTS THIRD QUARTER RESULTS

 LOS ANGELES, May 26 /PRNewswire/ -- International Movie Group (AMEX: IMV) today reported results for the third quarter ended March 31, 1993.
 Revenue for the quarter decreased 33 percent to $1,558,000, vs. $2,324,000 for the same period the previous year. Net loss was $952,000, as compared to a net income of $66,000 in the prior period.
 Revenue for the nine months ended March 31, 1993, increased 60 percent to $7,094,000, vs. $4,435,000 for the same period the previous year. Net loss was $1,025,000, as compared to a net loss of $532,000 for the previous period.
 "Despite the disappointing results for the third quarter, the company is diligently working on putting together a number of projects which we hope to deliver in fiscal year 1994," said Peter E. Strauss, chairman and chief executive officer. "The company has been very pleased with the domestic theatrical results of `Best of the Best II' distributed by Twentieth Century Fox, and believes that the success of this project may open the door to future ventures."
 Headquartered in Los Angeles, International Movie Group, through its wholly owned subsidiary, The Movie Group Inc., specializes in the distribution of English-language motion pictures to some 52 countries. The company has distributed to date 35 motion pictures.
 INTERNATIONAL MOVIE GROUP
 Summary of Income Data
 Three months ended Nine months ended
 March 31, March 31,
 1993 1992 1993 1992
 Revenues $1,557,632 $2,323,558 $7,093,703 $4,434,801
 Operating costs 2,101,307 1,956,518 6,882,457 4,350,435
 Operating income
 (loss) (543,675) 367,040 211,246 84,366
 Interest expense 541,803 686,903 1,722,597 2,179,624
 Interest income
 and other 189,281 430,388 647,082 1,208,559
 Income (loss)
 before taxes (896,197) 110,525 (864,269) (886,699)
 Income taxes 55,726 44,210 161,075 (354,680)
 Net (loss) income ($951,923) $66,315 ($1,025,344) ($532,019)
 Net (loss) income
 per share
 -- primary ($0.10) $0.01 ($0.11) ($0.06)
 Net (loss) income
 per share
 -- fully diluted ($0.10) $0.01 ($0.11) ($0.06)
 -0- 5/26/93
 /CONTACT: Steve Richards of International Movie Group, 310-556-2830/
 (IMV)


CO: International Movie Group ST: California IN: ENT SU: ERN

JL-BP -- LA008 -- 2313 05/26/93 09:00 EDT
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Publication:PR Newswire
Date:May 26, 1993
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