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SELVAC REPORTS PROFITABLE YEAR END RESULTS; ANNUAL REVENUES INCREASE 7 PERCENT TO OVER $5 MILLION

 MARLBORO, Mass., Sept. 23 /PRNewswire/ -- Selvac Corp. (NASDAQ Small Cap Market: SLVC) reported today annual revenues for the year ended, May 31, 1993 were $5,257,915, up 7 percent, from $4,910,455 in 1992. Net earnings for 1993 were up to $20,216 or $.00 per share compared to a loss of ($208,839) or ($.02) for 1992. The company showed a net profit for the first time since fiscal 1989. As of May 31, 1993 the company carries no long-term debt, working capital of over $1.8 million, with a current ratio of 4:1.
 Selvac, based in Marlboro, is comprised of two divisions: the personal care division, which owns, distributes and markets a line of personal care and beauty products internationally; and a home entertainment emporium concept, Video Knights(R), a wholly owned subsidiary which rents, sells videotapes, laser discs, video games and audio books through its four company owned sites. Video Knights has commenced its franchising operation in Maryland and Virginia. Selvac, which trades under the symbol SLVC, is a listed issue and trades on the NASD Small Cap Market(R).
 SELVAC CORP.
 Summary Financial Information
 May 31, 1993
 Year Ended
 May 31,
 1993 1992
 Net sales $5,257,915 $4,910,445
 Earnings (loss) before income taxes 32,196 (208,839)
 Net earnings 20,216 (208,839)
 Earnings per common share ($.00) ($.02)
 Weighted average shares 15,704,881 15,071,814
 -0- 9/23/93
 /CONTACT: Allan Borkowski of Selvac, 508-481-9495; or Anthony J. DiMaio, investor relations, 212-943-8998/
 (SLVC)


CO: Selvac Corp. ST: Massachusetts IN: SU: ERN

MC -- NY002 -- 5035 09/23/93 08:11 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
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