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PACIFIC RIM ENTERTAINMENT REPORTS FINANCIAL RESULTS FOR NINE-MONTH PERIOD

 LOS ANGELES, Jan. 11 /PRNewswire/ -- Pacific Rim Entertainment, Inc. (NASDAQ: TOON), today reported a net loss of $27,618 or $.02 per share for the third quarter ended Sept. 30, 1993 on revenues of $1,536,867. The Company's operating profit during this three month period was $154,374. The loss for the comparable period in the prior fiscal year was $646,589 or $.51 per share on revenues of $94,252. The Company's operating loss during the comparable period in the prior fiscal year was $472,055.
 For the nine-month period ended Sept. 30, 1993, the Company reported a net loss of $490,925 or $.38 per share on revenues of $3,229,641. The loss for the comparable period in the prior fiscal year was $1,098,463 or $.86 per share on revenues of $1,243,539.
 Alan W. Livingston, Chairman of the Board, stated, "We are pleased with our substantial increase in revenues for the third quarter and nine-month period. Revenues for the nine-month period have increased 160 percent over the corresponding 1992 period and 1,530 percent for the quarter over the corresponding quarter last year. This was due to the Company's underutilization of studio capacity in 1992 based on our decision to reserve most of our production capacity for proprietary programs."
 Pacific Rim Entertainment, Inc., is engaged in the development and production of original animated programs designed for worldwide television, videocassette and other non-theatrical distribution. The company also provides a variety of animation production services to customers producing animated television programs and feature length animated motion pictures and operates an animation production facility in the city of Shenzhen in the People's Republic of China pursuant to a license from the Chinese government.
 Comparative figures are as follows:
 PACIFIC RIM ENTERTAINMENT, INC.
 (unaudited)
 Periods ended Three months Nine months
 Sept. 30, 1993 1992 1993 1992
 Total Revenues $1,536,867 $ 94,252 $3,229,641 $1,243,539
 Operating Profit
 (Loss) 154,374 (472,055) (17,097) (812,854)
 Net Income (Loss) (27,618) (646,589) (490,925) (1,098,463)
 Net Loss Per Share (.02) (.51) (.38) (.86)
 Weighted Average Shares
 outstanding 1,275,850 1,275,850 1,275,850 1,275,850
 -0- 1/11/94
 /CONTACT: Alan W. Livingston of Pacific Rim Entertainment, 310-273-1730; or Sam Witchel of Scharff, Witchel & Co., 212-983-1060/
 (TOON)


CO: Pacific Rim Entertainment, Inc. ST: California IN: ENT SU: ERN

SH-PS -- NY024 -- 0932 01/11/94 10:56 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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