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LASER FRIENDLY INC. ANNOUNCES FINANCIAL RESULTS

 TORONTO, Nov. 30 /PRNewswire/ -- Laser Friendly Inc. (Toronto: LFI) today announced the financial results for its nine-month period ended Oct. 31, 1993.
 Sales for the nine months ended Oct. 31, 1993, increased by 238 percent to $5,927,132, as compared to $2,487,240 in the prior year. Net income increased by 590 percent, from $386,071 in 1992 to $2,284,666 for the nine months ended Oct. 31, 1993. Earnings per share for the period increased by 150 percent to $0.056 per share, as compared to $0.035 per share for the same period in 1992.
 Nine Months Ended Oct. 31,
 1993 1992
 Sales $5,927,132 $2,487,240
 Net income $2,284,666 $386,071
 Net income per share $0.056 $0.035
 Laser Friendly also announced that its board of directors approved the private placement of common shares to arms-length parties to raise $1,000,000. The proceeds of this offering will be used for general working capital. The exact price per share and number of common shares to be issued on completion of the private placement is still subject to negotiation.
 The board of directors of Laser Friendly also approved a proposed consolidation of its outstanding shares on the basis of one new share for every 2.5 currently outstanding common shares of Laser Friendly. A special meeting of Laser Friendly's shareholders will be held in early 1994 for the purpose of passing a special resolution approving the share consolidation.
 Completion of the private placement transaction and the proposed share consolidation is subject to Laser Friendly obtaining all requisite regulatory approvals, including the approval of The Toronto Stock Exchange.
 Laser Friendly, through Laserdata Technology Inc., is in the business of laser and long-run commercial printing primarily for large corporations and institutions. Laserdata produces and supplies color brochures, catalogs, price lists, flyers, directories, inserts, booklets, lottery selection slips, color cash register rolls as well as folded inserts found in over-the-counter pharmaceutical products. Laserdata currently produces terminal rolls and wagering betting slips and sport lottery selection slips for the Ontario Lottery Corp.
 -0- 11/30/93
 /CONTACT: Investor Relations Group, (Canadian toll-free) 800-663-9214, 416-292-5963, or (U.S. toll-free) 800-387-0864/
 (LFI.)


CO: Laser Friendly Inc. ST: Ontario IN: CPR SU: ERN

JL -- LA033 -- 8832 11/30/93 14:51 EST
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Publication:PR Newswire
Date:Nov 30, 1993
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