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SLM INTERNATIONAL REPORTS RECORD SECOND QUARTER OPERATING RESULTS

 SLM INTERNATIONAL REPORTS RECORD SECOND QUARTER OPERATING RESULTS
 NEW YORK, July 22 /PRNewswire/ -- SLM International, Inc., (NASDAQ: SLMI) today reported record operating results for the second quarter and six months ended July 4, 1992.
 Revenues for the second quarter increased 15.2 percent to $52,812,000 versus $45,862,000 reported for the comparable period last year. Net income increased 52.6 percent to $4,057,000 or $0.39 per share from $2,659,000 or $0.41 per share for the same period in 1991. Total outstanding shares on July 4, 1992 were 10,525,000 as compared to 6,500,000 on the same date in 1991.
 Revenues for the six month period ended July 4, 1992 increased 35.5 percent to $86,706,000 from $63,993,000 a year earlier. Net income for the first half of 1992 was $4,062,000 or $0.39 per share as compared to a net loss of $1,005,000 or $0.15 per share in the comparable 1991 period.
 David Zunenshine, chairman of the board, commented, "We are pleased to have realized sales increases in virtually all product categories. This resulted in record operating results, despite generally cooler than normal North American weather conditions during the second quarter, which adversely effected summer seasonal toy sales. We are particularly encouraged by the performance of our fitness and sports apparel products."
 Zunenshine further commented, "We are continuing to benefit from the operating strategies that our management team implemented. These include: strategic acquisitions, aggressive new product development and a pricing philosophy that enables our retail customers to earn strong profit margins."
 SLM International, Inc. designs, develops, manufactures and markets a broad range of toys and sporting goods on a worldwide basis using a variety of well-known trademarks, as well as licenses for popular children's characters.
 -0- 7/22/92
 /CONTACT: David Walke, Amy Ludwig or Brad Miller of Morgen Walke Associates, 212-986-5900, for SLM International, Inc./
 (SLMI) CO: SLM International ST: New York IN: HOU SU: ERN


AH -- NYW005 -- 1661 07/22/92 08:00 EDT
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Date:Jul 22, 1992
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