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KOALA REPORTS INCREASED SALES AND EARNINGS FOR THE THIRD QUARTER

 ST. PAUL, Minn., Nov. 9 /PRNewswire/ -- Koala Corp. (NASDAQ-NMS: KARE), a Colorado corporation, today reported sales of $1.2 million for its third quarter of 1993, representing an increase of 40 percent compared to sales of $0.8 million recorded for the like period in 1992. Sales for the nine months ended Sept. 30, 1993 were $3.0 million, representing an increase of 34 percent compared to sales of $2.2 million recorded for the like period in 1992.
 Pro forma net income for the third quarter of 1993 was $322,638 or 13 cents per share, up 121 percent compared to pro forma net income of $146,311 or 6 cents per share recorded for the like period of fiscal 1992. Pro forma net income for the nine months ended Sept. 30, 1993 was $720,632 or 30 cents per share, an increase of 56 percent over pro forma net income of $461,373 or 19 cents per share recorded for the like period in 1992.
 "With the company's initial public offering successfully completed, I am pleased with our strong performance and I am looking forward to implementing our strategy for growth," said Jeff Hilger, president of Koala. "Our current cash position, together with cash to be provided by operations, will be used to expand the marketing of the Baby Changing Station and Child Protection Seat, begin full scale marketing of the Infant Seat Kradle and develop and acquire new products."
 Koala develops, designs, manufactures and markets infant and child protection products for use in commercial, institutional and recreational settings. The company maintains a dominant market share in its primary product, the Koala Bear Kare(TM) Baby Changing Station, which was introduced in 1987. Koala's customers include numerous McDonald's, Burger King and Pizza Hut franchisees, Target Stores, The Mayo Clinic, Walt Disney World and others.
 Because of fluctuations in advertising expenditures, customer order patterns, company shipping activity and the mix of gross sales between dealer and direct sales, comparison of operating results from quarter to quarter for the current year or comparable quarters of the prior year may be difficult. These fluctuations are not expected to be significant when considered on an annual basis.
 -0- 11/9/93
 /CONTACT: Carl Thompson Associates, 303-494-5472/
 (KARE)


CO: Koala Corp. ST: Minnesota IN: SU: ERN

BB -- DV002 -- 2083 11/09/93 09:01 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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