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MASCOTT CORPORATION ANNOUNCES SECOND QUARTER RESULTS

 LIVINGSTON, N.J., Oct. 14 /PRNewswire/ -- Mascott Corporation (NASDAQ: DINE) (the company) announced today that the company incurred a net loss for the fiscal quarter ended Aug. 29, 1993, of $160,000 (2 cents per share) on net sales of $2,843,000 compared with a net profit for the fiscal quarter ended August 30, 1992 of $66,000 (l cent per share) on net sales of $2,596,000. For the six months ended Aug. 29, 1993, the company had a net loss of $521,000 (7 cents per share) on net sales of $4,956,000, compared with a net loss for the six months ended Aug. 30, 1992, of $258,000 (4 cents per share) on net sales of $4,335,000.
 Mascott Corporation currently owns and operates 12 Cinnabon bakery franchises and three Willie Mays Chicken locations in regional shopping malls, as well as two full-service restaurants, Markers Restaurant & Bar located in Jersey City, N.J. and Markers Italian Grille located in Somers Point, N.J.
 -0- 10/14/93
 /CONTACT: Scott M. Gillman, chief executive officer of Mascott, 201-535-1000/
 (DINE)


CO: Mascott Corporation ST: New Jersey IN: LEI SU: ERN

LG-TW -- NY074 -- 2374 10/14/93 15:28 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
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