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SELFIX REPORTS SECOND QUARTER EARNINGS

 SELFIX REPORTS SECOND QUARTER EARNINGS
 CHICAGO, Aug. 11 /PRNewswire/ -- Selfix, Inc. (NASDAQ: SLFX)


reported that net sales for the 13 weeks ended June 27, 1992, were $9.73 million compared to $10.25 million for the same period last year.
 The company also reported a net earnings for the period of $171,022 compared to earnings of $283,968 for the same period last year. Net earnings per share for the period were $.05 compared to $.08 for the same period last year.
 For the 26 weeks ended June 27, 1992, sales decreased to $18.1 million compared to $18.5 million for the same period last year, a decrease of 2.5 percent.
 Net earnings for the 26 weeks ended June 27, 1992, were a loss of $118,399 compared to net earnings of $221,725 for the same period last year.
 Chairman of the Board Meyer J. Ragir noted, "Sales continue to be soft due to a sluggish national economy. Despite significant gains in new products and basic listings, sales continued to suffer because of reduced refill orders in hardware and housewares departments of major retailers where Selfix has established programs. This trend may continue for the balance of 1992.
 "However, the roll out of 1992 new products is growing at a solid pace, and our Closet Shop and Hanging Hardware programs continue to expand. Furthermore, we have increased our product development budget this year and have many new products and new product lines in various stages of development. While this has increased our operating expenses in the short term, we anticipate that these investments will favorably impact sales in 1993."
 Selfix is listed on the NASDAQ National Market system under the ticker symbol SLFX.
 SELFIX, INC.
 Summary of Earnings Report
 Quarterly Period Fiscal YTD Period
 13 Weeks Ended 26 Weeks Ended
 6/27/92 6/30/91 6/27/92 6/30/91
 Sales $9,730,385 $10,249,255 $18,069,331 $18,545,557
 Net earnings 171,022 283,968 (118,399) 221,725
 Net EPS $.05 $.08 $(.03) $.06
 Average shares
 outstanding 3,455,875 3,457,940 3,455,500 3,451,720
 -0- 8/11/92
 /CONTACT: Robert Mariani, president of Selfix, 312-890-1010, or Judi Main, 312-871-3212, for Selfix/
 (SLFX) CO: Selfix, Inc. ST: Illinois IN: HOU SU: ERN


TM -- NY085 -- 9090 08/11/92 16:01 EDT
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Date:Aug 11, 1992
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