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ODD'S-N-END'S, INC. REPORTS RECORD FOURTH QUARTER AND FISCAL 1992 RESULTS

 ODD'S-N-END'S, INC. REPORTS RECORD FOURTH QUARTER AND
 FISCAL 1992 RESULTS
 BUFFALO, N.Y., April 15 /PRNewswire/ -- ODD's-N-END'S, (NASDAQ: ODDE), a Buffalo, N.Y. based retailer, operating a chain of 30 close-out stores in Western, N.Y., today reported fourth quarter earnings of $382,000, or $0.14 per share for the fourth quarter ended Jan. 31, 1992. This represents a 63 percent increase over the net income of $234,000, or $0.08 per share, recorded in the comparable quarter of fiscal 1991.
 For the fiscal year ended Jan. 31, 1992, ODD'S-N-END'S earned $668,000 or $0.24 per share, compared with fiscal 1991 net income of $448,000 or $0.15 per share. This represents a 49 percent increase over the previous year.
 On a fully diluted basis, earnings for the quarter were $0.12 per share compared to $0.07 per share for the previous fourth quarter and for the year were $0.22 per share compared to $0.14 per share for the prior year.
 The company attributed its strong earnings performance primarily due to a 12 percent increase in comparable store sales, the opening of seven new stores and expansion of five existing stores during the year.
 Sales were $5,978,000 for the fiscal 1992 fourth quarter, an increase of 38 percent over the $4,339,000 for the same three months of fiscal 1991. For the fiscal year ended Jan. 31, 1992, sales were a record $16,319,000, versus $11,950,000 for the prior year, or 37 percent increase.
 John H. Clark, president and chief executive officer said, "We are very pleased with our record sales and income for both the fourth quarter and fiscal year. With the completion of our recent public offering, the company is continuing its expansion program eastward into metropolitan Rochester, N.Y., and southern New York State." To date, the company has signed seven leases for stores to be opened this year and three of these stores are expected to open in May. The company, in order to take advantage of the availability of attractive leasing opportunities in this recessionary market, now intends to open four to five more stores in fiscal year 1993 than previously planned. It is the policy of the company to expense store opening costs in the month the store opens.
 The management of the company has put into effect the necessary infrastructure to accomplish its goals expeditiously and is on track and confident in its projections going forward.
 FOURTH QUARTER DATA YEAR END JAN. 31
INCOME STATEMENT DATA: ENDING ENDING 1991 1992
 1/31/91 1/31/92
 SALES 4,339,160 5,977,785 $11,949,521 $16,318,993
 Cost of Goods Sold 2,480,155 3,101,251 6,727,392 8,669,620
 Gross Profit 1,859,005 2,876,534 5,222,129 7,649,373
 Selling, General &
 Admin. Expenses 1,451,779 2,183,145 4,381,778 6,357,144
 Income From
 Operations 407,226 693,389 840,351 1,292,229
 Interest Expense, Net 41,436 42,859 140,283 180,249
 INCOME BEFORE PROVISION
 For Income Taxes 365,790 650,530 700,068 1,111,980
 Provision for Income
 Taxes 132,000 269,000 252,000 444,000
 Net Income 233,790 381,530 448,068 667,980
 Net Income Per Share:
 Primary $.08 $.14 $.15 $.24
 Fully Diluted $.07 $.12 $.14 $.22
 Weighted Average Shares:
 Primary 2,964,844 2,760,764 2,964,844 2,760,764
 Fully Diluted 3,393,844 3,106,826 3,393,844 3,106,826
 BALANCE SHEET DATA:
 Cash 395,762 3,404,198
 Working Capital 970,114 5,422,050
 Total Assets 3,844,638 9,228,403
 Total Liabilities 2,696,944 2,619,725
 Shareholders' Equity 1,147,694 6,608,678
 -0- 4/15/92
 /CONTACT: John H. Clark, president and CEO of ODD'S-N-END'S, Inc., 716-874-9004/
 (ODDE) CO: ODD'S-N-END'S ST: New York IN: REA SU: ERN


LC -- CL020 -- 8900 04/15/92 16:24 EDT
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Date:Apr 15, 1992
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