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SELFIX REPORTS FIRST QUARTER EARNINGS

 SELFIX REPORTS FIRST QUARTER EARNINGS
 CHICAGO, May 12 /PRNewswire/ -- Selfix, Inc. reported that net


sales increased (NASDAQ-NMS: SLFX) to $8.34 million for the 13 weeks ended March 28 as compared to $8.29 million for the same period last year.
 The company also reported a net loss for the period of $289,421 compared to a loss of $62,243 for the same period last year. The net loss per share for the first quarter was $.08 as compared to a loss of $.02 for the same period last year.
 Chairman of the Board Meyer J. Ragir noted, "Company sales were flat as many of our customers restricted inventory investment due to poor retail sales. Selfix's new sales of Closet Shop and Garage & Utility Hanging Hardware departments increased in the first quarter. However, refill orders of established sections of Selfix merchandise continued to be sluggish. In order to maintain an aggressive posture in the market place, Selfix emphasized promotional pricing, increasing cost of sales. While promotional pricing tended to erode margins, it did reverse the decline in sales experienced in the fourth quarter of 1991.
 "While sales continued soft in April, we do see some signs of increased activity. Furthermore, Selfix's new Dura-Bilt(R) products, including the new Fogless Shower Mirror, have been widely received. Therefore, we are somewhat optimistic regarding the second half of 1992."
 Selfix is listed on the NASDAQ National Market System under the ticker symbol SLFX.
 For further information, contact Robert Mariani, president, Selfix, Inc., 4501 W. 47th St., Chicago, Ill. 60632, 312-890-1010.
 SELFIX, INC. SUMMARY OF EARNINGS REPORT
 13 WEEKS ENDED
 March 28, 1992 March 30, 1991
 Sales $8,338,946 $8,296,302
 Net earnings (loss) (289,421) (62,243)
 Net earnings (loss)
 per share $(.08) $(.02)
 Average shares outstanding 3,445,500 3,445,500
 -0- 5/12/92
 /CONTACT: Judi Main 312-871-3212, for Selfix/
 (SLFX) CO: Selfix, Inc. ST: Illinois IN: SU: ERN


AW -- FL010 -- 9344 05/12/92 16:56 EDT
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Date:May 12, 1992
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