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SELFIX REPORTS 1991 EARNINGS

 SELFIX REPORTS 1991 EARNINGS
 CHICAGO, March 27 /PRNewswire/ -- Selfix, Inc. (NASDAQ-NMS: SLFX)


today reported that net sales for the 52 weeks ended Dec. 28, 1991, increased 17 percent to $37,012,725 as compared to $31,707,985 for the fiscal year ended May 31, 1990 (the most recent yearly audited reporting period. Effective Jan. 1, 1991, Selfix changed its reporting format from year ended May 31 to 52 weeks ended Dec. 28, 1991).
 Net earnings for the 52 weeks ended Dec. 28, 1991, were $573,593 as compared to earnings of $2,237,639 for the year ended May 31, 1990. Net earnings for the current year were $.17 per share (based on 3,454,743 shares outstanding) as compared to earnings per share of $.64 per share (based on 3,521,303 shares outstanding) for the year ended May 31, 1990.
 Meyer J. Ragir, chairman of the board, noted: "Because of our change in reporting period, we were required to express 1991 results vs. the most recent audited yearly period, which was May 31, 1990. However, when compared to unaudited December 1990 year-end figures, net earnings increased 11 percent from $515,144 to $573,593. Earnings per share rose from $.15 to $.17 -- an increase of 13 percent.
 "This is a testament to our successfully integrating the operations of two companies acquired in 1990 into our Chicago manufacturing facility. Earnings in the period ended Dec. 31, 1990, were affected by a one-time charge incurred due to the relocation of one of the acquired companies -- Independent Products Co.
 "The assimilation of acquired product lines and our 'One Stop Source' strategy of merchandising those lines are operating according to plan.
 "The company remains optimistic -- the sluggish national economy notwithstanding -- and we intend to meet the challenges and opportunities of 1992 aggressively."
 For further information contact Robert Mariani, president of Selfix, Inc., 4501 W. 47th St., Chicago, Ill. 60632, 312-890-1010.
 SELFIX, INC.: SUMMARY OF EARNINGS REPORT
 Year End: 52 Weeks Ended Year Ended Year Ended
 DEC. 28, 1991 DEC. 31, 1990 MAY 31,1990
 (unaudited)
 Net sales $37,012,725 $32,114,242 $31,707,985
 Net earnings 573,593 515,144(A) 2,237,639
 Net EPS $.17 $.15 $.64
 Common shares
 outstanding 3,454,743 3,495,506 3,521,303
 (A) reflects a one-time charge of $1,400,000 related to the
 relocation of the company's Independent Products Co. division to
 Selfix's headquarters in Chicago, and other non-recurring costs.
 -0- 3/27/92
 /CONTACT: Judi Main, 312-871-3212, for Selfix/
 (SLFX) CO: Selfix Inc. ST: Illinois IN: HOU SU: ERN


TQ -- NY050 -- 2464 03/27/92 15:36 EST
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Date:Mar 27, 1992
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