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MULTI-COLOR REPORTS FIRST QUARTER 1994 RESULTS

 CINCINNATI, July 30 /PRNewswire/ -- Multi-Color Corporation (NASDAQ: LABL) announced results for its first quarter ended June 27, 1993.
 Net sales for the first quarter of fiscal 1994 totaled $15,378,000, a 4 percent decrease from $15,942,000 in the year earlier period. A net loss of $227,000 (($.10) per share) was incurred compared to net income of $147,000 ($.07 per share) in the year earlier period.
 John C. Court, president and chief executive officer, commented: "The results of the first quarter were a disappointment to the company. Sales of the company's new products continued to grow, but unexpectedly weak demand from several of the company's large customers, particularly for lithographic labels, more than offset the growth in sales of new products.
 "As a result, the company is undertaking an evaluation of its activities to more clearly focus the company on those businesses where the company is a technological or market leader. One of the results of this evaluation may be a restructuring of the company's manufacturing facilities as well as other measures to improve profitability. The company expects to complete this evaluation before the end of the third quarter."
 Multi-Color Corporation is one of the largest manufacturers of printed labels for branded consumer products in the United States. The company's shares are traded over-the-counter under the National Market System symbol LABL.
 MULTI-COLOR CORPORATION
 Financial Highlights
 (Thousands except per share amounts)
 Thirteen Weeks Ended
 June 27, 1993 June 28, 1992
 Net Sales $15,378 $15,942
 Net Income (Loss) ($227) $147
 Net Income (Loss) Per Share ($.10) $.07
 Average Shares 2,235 2,211
 -0- 7/30/93
 /CONTACT: John D. Littlehale, vice president, secretary of Multi- Color Corporation, 513-321-5381/
 (LABL)


CO: Multi-Color Corporation ST: Ohio IN: PAP SU: ERN

KL -- CL023 -- 7987 07/30/93 17:53 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
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