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LDB CORPORATION REPORTS RESULTS FOR FOURTH QUARTER AND FISCAL YEAR ENDED JULY 31, 1991

                  LDB CORPORATION REPORTS RESULTS FOR
           FOURTH QUARTER AND FISCAL YEAR ENDED JULY 31, 1991
    KERRVILLE, Texas, Nov. 13 /PRNewswire/ -- LDB Corporation (NASDAQ: LDBC) today reported operating results for the fiscal year ended July 31, 1991.  Net loss for the year was $16,685,000 on revenues of $63,078,000.
    Although the company is encouraged with the progress of its overall debt restructuring program, no assurance can be given that all restructuring efforts will be successful.  On Oct. 10, 1991, Mr. Gatti's, Inc., a wholly owned subsidiary, filed for relief under Title 11, Chapter 11 of the United States Code due to the refusal of NCNB Texas National Bank to accept commercially reasonable proposals offered by Mr. Gatti's, Inc.  Management hopes the bankruptcy filing will produce an atmosphere conducive to successful restructuring efforts.
                         LDB CORPORATION
                Condensed Statements of Income (Loss)
                (In thousands except per share data)
                              Three Months                 Year
    Periods ended July 31;  1991        1990          1991       1990
    Revenues               $15,112     $17,448      $63,078     $67,837
    Loss before income
     taxes, discontinued
     operations &
     extraordinary item   ($11,992)    ($1,871)    ($21,656)    ($9,450)
    Provision (credit)
     for income taxes       (1,405)        (13)      (1,405)         14
    Loss from continuing
     operations before
     extraordinary item    (10,587)     (1,858)     (20,251)     (9,464)
    Income (loss) from
     discontinued
     operations                 --        (250)       2,595        (250)
    Net (loss) before
     extraordinary item    (10,587)     (2,108)     (17,656)     (9,714)
    Extraordinary Item-
     Gain on Extinguishment
      of Debt                  971         --          971          --
    Net loss               (9,616)     (2,108)     (16,685)     (9,714)
    Preferred stock
     dividends               (338)        112          --          450
    Net loss to common
     stockholders         ($9,278)    ($2,220)    ($16,685)    ($10,164)
    Income (loss) per
     common share
     continuing
     operations before
     extraordinary item    ($5.49)     ($1.06)    ($10.84)       ($5.25)
    Discontinued operations    --        (.13)       1.39          (.13)
    Extraordinary item        .52          --         .52            --
    Net (loss) per share   ($4.97)     ($1.19)     ($8.93)       ($5.38)
    Average common
     shares              1,868,370   1,868,370   1,868,370     1,887,537
    -0-        11/13/91
    /CONTACT:  Byron C. Smith of LDB, 512-257-2000/
    (LDBC) CO:  LDB Corporation ST:  Texas IN: SU:  ERN JT -- NY099 -- 4197 11/13/91 18:45 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 13, 1991
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