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ROADMASTER REPORTS RECORD YEAR STRONG 1991 PERFORMANCE CONTINUES INTO 1992

 ROADMASTER REPORTS RECORD YEAR
 STRONG 1991 PERFORMANCE CONTINUES INTO 1992
 ENGLEWOOD, Colo., April 22 /PRNewswire/ -- Roadmaster Industries Inc. ("RMI") (NASDAQ: WHEL) announced today its Dec. 31, 1991 audited year end results. The company said that both its revenues and net earnings were the highest ever in the history of the company.
 Net sales for 1991 for all of the RMI reporting units were $211.9 million compared to $169.0 million for 1990, an increase of over 25 percent. Net earnings for the year were $2,185,000 or 8 cents per share compared to a loss of $5,860,000 or 22 cents loss per share a year earlier. Both revenue and earnings were in line with the company's previously announced forecasts.
 Commenting on the year end results, Henry Fong, chairman and president of RMI indicated that while 1991 was a record year, 1992 would see another significant record setting increase. He stated that the strong 1991 performance was continuing into 1992 in all product categories and that the first quarter of 1992 would be profitable for the first time in the company's history. First quarter 1992 results will be released the week of April 27, 1992, the company said.
 Roadmaster Industries operates through its two wholly-owned subsidiaries, Roadmaster Corp. and Hamilton Lamp Corp. 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.
 -0- 4/22/92
 /CONTACT: Thomas B. Olson of Roadmaster, 303-290-8150/
 (WHEL) CO: Roadmaster Industries Inc. ST: Colorado IN: SU: ERN


BB -- DV015 -- 1275 04/22/92 12:18 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
Words:276
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