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SPORTS-TECH ANNOUNCES FIRST FISCAL QUARTER RESULTS

 SPORTS-TECH ANNOUNCES FIRST FISCAL QUARTER RESULTS
 FORT LAUDERDALE, Fla., Jan. 14 /PRNewswire/ -- Sports-Tech International, Inc. (NASDAQ: STXL), today announced results for the fiscal quarter ended Nov. 30, 1991. Revenue decreased 17 percent to $546,754 from $659,095 in the prior year. The company incurred a net loss of $391,525, or $.30 per share, compared to a net loss of $146,620, or $.11 per share, in the prior year.
 SPORTS-TECH INTERNATIONAL, INC.
 STATEMENT OF OPERATIONS
 (Unaudited)
 Quarter Ended Nov. 30,
 1991 1990
 Revenue $ 546,754 $ 659,095
 Loss from operations $(507,360) $(276,401)
 Net loss $(391,525) $(146,620)
 Net loss per share $ (.30) $ (.11)
 Weighted average common
 shares outstanding 1,300,000 1,300,000
 Sports-Tech recently had a change in control when Bristol Holdings, Inc. (NASDAQ: BRST) purchased 57.7 percent of its common stock from Lexicon Corporation (NASDAQ: LEXI). Sports-Tech has filed preliminary proxy material with the Securities and Exchange Commission relating to the solicitation of shareholder approval of a proposed merger with a subsidiary of Bristol in which each Sports-Tech shareholder will receive one and two-tenths (1.2) shares of Bristol stock for each share of Sports-Tech. The proposed merger with Bristol will be voted on at a special meeting of shareholders to take place in February 1992.
 Sports-Tech, based in Fort Lauderdale, Fla., develops and markets proprietary video editing systems to professional, collegiate and high school sports teams. Customers include 14 NFL teams, 12 NBA teams, 4 NHL teams, 1 Major League Baseball team, over 190 college football and basketball teams and over 75 high school football teams.
 Sports-Tech recently introduced the Video Scout, a sports-related video taping service to aid in the recruiting of high school athletes by college football programs. The Video Scout program has been featured on ABC World News during the recent holiday football bowl schedule.
 -0- 1/14/92
 /CONTACT: Michael Levy of Sports-Tech International, 305-772-9155/
 (STXL BRST LEXI) CO: Sports-Tech International ST: Florida IN: SU: ERN


JJ-SS -- FL017 -- 9703 01/14/92 16:24 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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