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MOMENTUM DISTRIBUTION REPORTS THIRD-QUARTER RESULTS

 MOMENTUM DISTRIBUTION REPORTS THIRD-QUARTER RESULTS
 BELLEVUE, Wash., Oct. 22 /PRNewswire/ -- Momentum Distribution Inc. (NASDAQ: MMDI) today reported net income of $382,000 (11 cents per share) on sales of $50,262,000 for the quarter ended Sept. 30, 1992. These results compare with a net loss of $258,000 (8 cents loss per share) on sales of $41,985,000 for the same period last year.
 For the nine months ended Sept. 30, 1992, Momentum's net income is $625,000 (18 cents per share), compared to a loss of $1,244,000 (36 cents loss per share) for the same period last year.
 Momentum Chief Executive Officer Richard E. Engebrecht said, "We are pleased with the continued progress of the company. This quarter marks our fourth consecutive quarter of profitability, with each quarter showing steady improvement. Momentum's sales growth has continued through the first three quarters of 1992, and on a year-to-date basis, sales revenue has grown by almost 19 percent."
 Momentum Distribution Inc. distributes supplies and equipment to printers, furniture and bedding manufacturers, and related businesses throughout the United States.
 MOMENTUM DISTRIBUTION INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited, dollars in thousands, except per-share data)
 Three Months Nine Months
 Ended Sept. 30: 1992 1991 1992 1991
 Sales $50,262 $41,985 $145,059 $122,029
 Cost of sales 39,979 33,139 115,093 96,252
 Gross margin 10,283 8,846 29,966 25,777
 Operating expenses 9,399 9,056 28,170 27,298
 Income (loss) from operations 884 (210) 1,796 (1,521)
 Interest expense (222) (248) (715) (658)
 Other income-net 7 98 129 298
 Income (loss) before
 income taxes 669 (360) 1,210 (1,881)
 Income tax expense (benefit) 287 (102) 585 (637)
 Net income (loss) $ 382 $ (258) $ 625 $ (1,244)
 Income (loss) per share(A) $ 0.11 $ (0.08) $ 0.18 $ (0.36)
 NOTE A: Income (loss) per share has been restated for all periods to reflect the company's three-for-one stock split effected in the form of a stock dividend paid on July 6, 1992, to shareholders of record June 22, 1992.
 BUSINESS GROUP INFORMATION
 (Unaudited, dollars in thousands)
 (Excludes unallocated corporate expenses)
 Three Months Nine Months
 Ended Sept. 30: 1992 1991 1992 1991
 GRAPHICS GROUP
 Sales $28,489 $23,805 $83,440 $71,682
 Income (loss) from operations 202 (430) 686 (1,245)
 TEXTILES GROUP
 Sales $21,773 $18,180 $61,619 $50,347
 Income from operations 1,244 826 2,927 1,546
 CONSOLIDATED BALANCE SHEETS
 (Dollars in thousands)
 Sept. 30, Dec. 31,
 1992 1991
 (unaudited)
 ASSETS
 Receivables $23,315 $22,706
 Inventories 19,666 20,600
 Other 3,320 2,187
 Total current assets 46,301 45,493
 Property and equipment, net 12,172 10,226
 Other assets 3,030 3,159
 TOTAL $61,503 $58,878
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Bank checks outstanding less cash in bank $ 865 $ 1,722
 Current portion of long-term obligations 791 229
 Accounts payable and other 18,944 16,346
 Total current liabilities 20,600 18,297
 Long-term obligations 9,987 10,453
 Deferred items 1,556 1,552
 Shareholders' equity 29,360 28,576
 TOTAL $61,503 $58,878
 -0- 10/22/92
 /CONTACT: Richard E. Engebrecht of Momentum Distribution, 206-646-6550/
 (MMDI) CO: Momentum Distribution Inc. ST: Washington IN: SU: ERN


JH-SW -- SE004 -- 3593 10/22/92 12:18 EDT
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Date:Oct 22, 1992
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