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KIDDIE PRODUCTS REPORTS NINE MONTHS SALES AND EARNINGS

        KIDDIE PRODUCTS REPORTS NINE MONTHS SALES AND EARNINGS
    AVON, Mass., Nov. 15 /PRNewswire/ -- Kiddie Products, Inc. (OTC)


reported sales for the first nine months of 1991 were $28,798,528 as compared to $25,826,326 for the similar period last year. Net income was $1,370,660 as compared to $1,128,004 for the first nine months of 1990. Earnings per share, based on the average number of shares outstanding in each period (749,420 in 1991 and 1990), were $1.83 for the first nine months of 1991 and $1.51 for the similar period last year. Earnings per share and average number of shares outstanding have been adjusted to reflect a two-for-one stock split effected in the form of a 100 percent stock dividend which was paid on June 14, 1991.
    As a result of its continuing commitment to new product development, the company introduced over 30 new and improved products at this fall's Juvenile Products Manufacturers Trade Show, including several new play and health & safety items.  First shipments to retailers are expected in the first quarter of 1992.  The First Years product line, including new products, continues to be enthusiastically received by the trade press and childcare professionals.
                         KIDDIE PRODUCTS, INC.
                       Interim Operating Report
            (Unaudited and subject to year-end adjustment)
                                                  Nine Months Ended
                                                       Sept. 30,
                                                 1991            1990
    Net sales                             $28,798,528     $25,826,326
    Income before taxes on income           2,371,460       1,880,004
    Provision for taxes on income           1,000,800         752,000
    Net income                             $1,370,660      $1,128,004
    Earnings per share of common stock          $1.83           $1.51
    Average number of shares outstanding      749,420         749,420
                                                 Three Months Ended
                                                       Sept. 30,
                                                 1991            1990
    Net sales                              $9,911,107      $8,101,581
    Income before taxes on income             807,709         521,510
    Provision for taxes on income             344,100         208,900
    Net income                               $463,609        $312,610
    Earnings per share of common stock       62 cents        42 cents
    Average number of shares outstanding      749,420         749,420
    Earnings per share of common stock and average number of shares outstanding have been adjusted to reflect a two-for-one stock split effected in the form of a 100 percent stock dividend which was paid on June 14,1991.
    -0-                       11/15/91
    /CONTACT:  Ben Peltz, vice president-finance of Kiddie Products Inc., 508-588-1220/ CO:  Kiddie Products Inc. ST:  Massachusetts IN:  REA SU:  ERN DD-KM -- NE007 -- 1423 11/15/91 10:00 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 15, 1991
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