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SELFIX'S SECOND QUARTER EARNINIGS UP 167 PERCENT

 CHICAGO, Aug. 3 /PRNewswire/ -- Selfix, Inc. today reported net earnings for the 13 weeks ended June 26, 1993, increased to $552,882 -- up 167 percent -- compared to $206,730 for the same period last year. Net earnings for the period were $.16 per share (based on 3,512,202 shares outstanding) compared to $.06 per share (based on 3,455,875 shares outstanding) for the equivalent period last year.
 Net sales for the 13 weeks ended June 26, 1993, increased 8.7 percent to $10,572,727 compared to $9,730,385 for the same period in 1992.
 For the 26 weeks ended June 26, 1993, earnings increased to $668,205 or $.19 per share compared to a loss of $46,983 or ($.01) per share for the same period last year.
 Net sales for the 26 weeks ended June 26, 1993, increased 8.5 percent to $19,597,418 compared to $18,069,331 for the same period in 1992.
 Robert Mariani, president and chief operating officer, noted, "Selfix not only increased sales of its established programs, but broadened its distribution with products introduced in 1993, specifically in the Home Organization category. Continually strong export sales also contributed to the revenue increase. Earnings continued to increase due to improved use of capacity and other cost containment programs."
 Norma Ragir, chairman and chief executive officer, added, "Although we see no evidence of a strong recovery in national retail sales, Selfix has achieved revenue and earnings growth through streamlined operations and new product introductions in niche markets."
 Selfis is listed on the NASDAQ National Market System under the ticker symbol SLFX. For further information, contact Robert Mariani, president, Selfix, Inc., 4501 West 47th Street, Chicago, Ill., 60632, 312-890-1010.
 SELFIX: SUMMARY OF EARNINGS REPORT
 13 weeks ended
 June 26, 1993 June 27, 1992
 Sales: $10,572,727 $ 9,730,385
 Net earnings (before cumulative
 effect of a change in
 accounting for income
 taxes to SFAS 109): 552,882 206,730
 Cumulative effect: -- --
 Net earnings: $ 552,882 $ 206,730
 Net earnings per share
 (before cumulative effect
 of a change in income
 tax accounting) $.16 $.06
 Cumulative effect: -- --
 Net earnings per share: $.16 $.06
 Common and common equivalent
 share outstanding 3,512,202 3,455,875
 26 weeks ended
 June 26, 1993 June 27, 1992
 Sales: $19,597,418 $18,069,331
 Net earnings (before cumulative
 effect of a change in
 accounting for income
 taxes to SFAS 109): 632,110 (46,983)
 Cumulative effect: 36,095 --
 Net earnings: $668,205 $(46,983)
 Net earnings per share
 (before cumulative effect
 of a change in income
 tax accounting) $.18 ($.01)
 Cumulative effect: .01 --
 Net earnings per share: $.19 ($.01)
 Common and common equivalent
 share outstanding 3,479,042 3,455,500
 -0- 8/3/93
 /CONTACT: Judi Main of Judi Main & Associates, 312-871-3212, for Selfix/
 (SLFX)


CO: Selfix, Inc. ST: Illinois IN: SU: ERN

LG -- NY077 -- 8992 08/03/93 14:55 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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