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MACGREGOR SPORTS AND FITNESS ANNOUNCES FISCAL YEAR RESULTS

 MACGREGOR SPORTS AND FITNESS ANNOUNCES FISCAL YEAR RESULTS
 GREENVILLE, S.C., Nov. 5 /PRNewswire/ -- MacGregor Sports and Fitness Inc. (the "company") (NASDAQ: MACG) reported results for its first fiscal year ended July 31, 1992. Sales for the year were $3,361,380, with a net loss of $1,867,998, including $679,619 of one time non-recurring start up costs.
 Michael Casazza, president and chief executive officer commented, "results for our first year of operations since acquiring the MacGregor trademarks were in line with our business plan. We are pleased with the initial phase of our plan to restore the MacGregor name to its rightful position as one of the great names in sporting goods."
 Acceptance of company products by major retailers continues to grow. Fiscal 1992 sales to major retail accounts was $1,055,000, however, current backlog already exceeds $2,500,000.
 A company spokesperson said, we are confident that 1993 will be a very exciting year for the company. The work we have done has laid a solid foundation for dramatic growth in both sales and profits. We continue to work on new product introductions, including a line of bicycles, and we are very focused on identifying quality strategic acquisitions.
 -0- 11/5/92
 /CONTACT: Michael S. Casazza of MacGregor, 803-963-8200/
 (MACG) CO: MacGregor Sports and Fitness Inc. ST: South Carolina IN: SU: ERN


MC -- DV007 -- 7846 11/05/92 15:25 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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