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ROADMASTER CONSIDERS RESTRUCTURING ALTERNATIVES

 ENGLEWOOD, Colo., Jan. 27 /PRNewswire/ -- Roadmaster Industries Inc. ("RMI" or the "Company") (NASDAQ: WHEL) said today that its board of directors had convened a special meeting to discuss various strategies for the maximization of shareholder value. The alternatives reviewed included the possible sale of the Company or its subsidiaries, a restructuring or recapitalization or other alternatives to deleverage RMI. The board also announced that it had finalized its review of the current offer for the purchase of its Roadmaster Corp. operating subsidiary, as announced on Dec. 9, 1992, and determined that such sale was not in the best interests of the Company or its shareholders. It was determined, however, that it would be more advantageous to review and implement alternatives that support RMI's longer-term strategic plan.
 "The significant strides made during 1991 and 1992 when combined with 1993 expectations clearly point to a plan that would fully capitalize on the momentum we've already established," said RMI president and chief executive officer, Henry Fong. "We plan to move very quickly in this direction and have had intensive discussions during the past few weeks with our advisors and investment bankers regarding various shareholder enhancement proposals."
 The Company further announced that it is refocusing its Hamilton Lamp Corp. operating unit to concentrate its efforts on juvenile lamp products, including licensed products featuring popular animated characters. In particular, management noted the recent successful introduction of the "Little Mermaid(TM)" lamp produced under license from the Disney Corp. which product introduction coincided with the release of the children's film bearing the same name. This dedicated marketing effort will result in products whose distribution channels are complimentary to those products currently being sold by Roadmaster.
 "One of our 1993 goals is to turn Hamilton Lamp into a profitable unit," said Roadmaster Corp. president, Ed Shake. "We believe this additional dimension will provide the major cornerstone toward attainment of this objective."
 As expected, December 1992 was the best December in the Company's history. Total unaudited net sales for all operating units were $27 million compared to December 1991 net sales of $24 million, an increase of 13 percent.
 Roadmaster Industries operates through its two wholly owned subsidiaries, Roadmaster Corp. and Hamilton Lamp Corp. as well as its majority-owned subsidiary, International Sports and Fitness Inc. Roadmaster Corp. is a leading designer and manufacturer of Roadmaster junior wheel goods, Roadmaster bicycles and Vitamaster fitness equipment. Hamilton Lamp Corp. is a leading manufacturer of lamps and replacement shades. International Sports and Fitness through its wholly owned subsidiary, Roadmaster Leisure Inc., markets and distributes a broad range of sporting goods and recreational products, including Roadmaster Corp. products, in Canada.
 -0- 1/27/93
 /CONTACT: Thomas B. Olson of Roadmaster Industries, 303-290-8150/
 (WHEL)


CO: Roadmaster Industries Inc.; Hamilton Lamp Corp. ST: Colorado IN: SU: RCN

BB -- DV003 -- 9443 01/27/93 08:32 EST
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Date:Jan 27, 1993
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