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RINGER APPOINTS NEW PRESIDENT

 RINGER APPOINTS NEW PRESIDENT
 MINNEAPOLIS, Sept. 23 /PRNewswire/ -- Ringer Corporation


(NASDAQ: RING) announced today the appointment of Stanley Goldberg as president and has elected him a director of the company.
 Goldberg, who has over 20 years experience in marketing consumer products, comes to Ringer from Thomson Consumer Electronics, a $6 billion international company, where he was serving as vice president and general manager of the Worldwide Audio Division. This division, headquartered in Syracuse, N.Y., manufactures and markets audio entertainment products under GE and RCA brand names. Prior to that time, he was general manager for the Audio Division in the United States and Canada, and also held various general management and marketing positions in consumer products divisions within the General Electric Company.
 Gordon Stofer, chairman of Ringer's board of directors, said that the hiring of Goldberg was the key element in a comprehensive restructuring effort. He said, "With the disappointing reorders in the spring, we felt it necessary to make substantial changes at the company to insure profitable growth. Goldberg has achieved a long record of success in a series of general management assignments requiring the building of profitable consumer product franchises in highly competitive retail markets. His experience brings to Ringer a new dimension for capitalizing on its existing position as the leading brand name in biodegradable garden products and the opportunity to build a major company in this field," noted Stofer. "We are extremely pleased to have Stan on board. I expect him to be an immediate contributor and a tremendous asset as Ringer continues to grow."
 Stofer also indicated that the company has incurred significant restructuring charges this quarter related to severance payments, executive search fees, marketing and operational consulting fees, and costs associated with eliminating the company's catalog operation and certain unprofitable product lines. These charges amount to approximately $900,000 or $.08 per share in the company's fiscal fourth quarter which ends Sept. 30, 1992.
 Stofer said, "We have conducted an extensive internal review focused at better sell-through at the retail level and a company-wide orientation towards profits. We have eliminated approximately $1 million of annual operating expenses and have significantly refocused our marketing efforts. I believe we now have the people, the products and the market position to make Ringer a success."
 Udo Schulz, the company's president since 1986, has resigned as an officer and director. He will continue with Ringer in a consulting capacity.
 Ringer Corporation is a developer and leading marketer of environmentally compatible, premium performance lawn and garden care products which are offered as alternatives to chemical fertilizers and pesticides.
 -0- 9/23/92
 /CONTACT: Mark Robinow, vice president of finance of Ringer, 612-941-4180/
 (RING) CO: Ringer Corporation ST: Minnesota IN: CHM SU: PER


AL -- MN010 -- 2838 09/23/92 17:16 EDT
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Date:Sep 23, 1992
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