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SLM INTERNATIONAL REPORTS RECORD FIRST QUARTER OPERATING RESULTS

 SLM INTERNATIONAL REPORTS RECORD FIRST QUARTER OPERATING RESULTS
 NEW YORK, April 30 /PRNewswire/ -- SLM International, Inc. (NASDAQ: SLMI) today reported record operating results for the first quarter ended April 4.
 Revenues for the quarter increased 87.3 percent to $33.9 million vs. $18.1 million reported for the comparable period last year. The seasonal net loss that is traditional in the first quarter was reversed as the company earned $5,000, or breakeven on a per share basis, as compared to a loss of $3.7 million or $0.56 per share for the same quarter in 1991. Total outstanding shares on April 4 were 10,525,000 as compared to 6,500,000 on the same date in 1991.
 David Zunenshine, chairman of the board, commented: "We are very pleased with the overall performance of the company and the strong demand for our newly introduced products. The increase in sales of higher margin licensed seasonal products and shipments of our new Buddy L battery operated ride-on products as well as the initial shipments of our Nutmeg licensed spectator sportswear have all contributed to our outstanding first quarter performance."
 Gross profit margins as a percentage of sales improved significantly to 38.2 percent for the recent quarter compared with 34.7 percent for the same period a year ago.
 Earl Takefman, SLM's co-chief executive officer, stated: "Our first quarter results were very encouraging and we are optimistic about the continuation of these posititve trends. During our first quarter we have concluded several important agreements that should support our future growth, including:
 -- The finalization of the acquisition of Kevin Sports Toys which allows us to manufacture and market the Wayne Gretzky NHL All Star rod hockey game.
 -- An agreement with Warner Bros. to license Batman for battery operated ride-on vehicles.
 -- An agreement with Harley-Davidson to develop a full line of battery operated replica Harley-Davidson ride-on vehicles.
 -- The commencement of a 30 minute infomercial for SLM's Super Step portable stairclimber hosted by Bruce Jenner.
 -- Completion of the final development of our Voice Command products.
 -- Completion of the final development of the Reebok Pump air- bladder technology for CCM's line of in-line roller skates and Tack hockey skates."
 Howard Zunenshine, SLM's co-chief executive officer, stated: "We will continue to focus on our strategy of growth by the addition of basic branded products. These agreements and acquisitions will enable SLM to realize greater economies of scales and utilization of existing operational overheads."
 SLM International, Inc. designs, developes, manufactures and markets a broad range of toys and sporting goods on a worldwide basis.
 SLM INTERNATIONAL, INC.
 CONSOLIDATED STATEMENTS OF INCOME
 (In Thousands, Except Share Data)
 (Unaudited)
 Quarters ended 4/4/92 3/30/91
 Net sales $33,894 $18,131
 Cost of goods sold 20,953 11,831
 Gross profit 12,941 6,300
 Selling, general and
 distribution expenses 12,434 7,935
 Operating income (loss) 507 (1,635)
 Interest expense 592 2,137
 Other (income) (90) (108)
 Income (loss) before income taxes 5 (3,664)
 Income taxes 0 0
 Net income (loss) $ 5 $(3,664)
 Net income (loss) per share $ 0.00 $ (0.56)
 Weighted average shares outs. 10,525,000 6,500,000
 -0- 4/30/92
 /CONTACT: David Walke, Amy Ludwig or Brad Miller of Morgen Walke Associates, 212-986-5900, for SLM International/
 (SLMI) CO: SLM International, Inc. ST: New York IN: SU: ERN


EA-BR -- NY029 -- 4788 04/30/92 09:33 EDT
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Date:Apr 30, 1992
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