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THE SAMUEL GOLDWYN CO. REPORTS RECORD THIRD QUARTER 1993 RESULTS

 LOS ANGELES, Feb. 10 /PRNewswire/ -- The Samuel Goldwyn Co. (AMEX: SG) today announced operating results for the three- and nine- month periods ended Dec. 31, 1992, for which the company had the highest nine-month revenue and operating income in its history. The company announced that the film, television and theater operations all contributed to the improved results. Both domestic and international television revenues were favorably impacted by the "American Gladiators" and "Why Didn't I Think of That" television series. Also, films such as "Rock-A-Doodle," "The Waterdance," "The Playboys," "Mississippi Masala," "Traces of Red" and others contributed to improved theatrical distribution operations domestically and in foreign markets.
 For the nine months ended Dec. 31, 1992, revenues were $71,856,000, an increase of $38,635,000, or 116 percent over the nine months of the previous year. Current period revenues include approximately $24,700,000 from The Samuel Goldwyn Theatre Group (Landmark Theatres and Seven Gables Theatres) which was acquired in the acquisition of Heritage Entertainment Inc. in December 1991. Operating income increased to $5,339,000 from an operating loss of ($858,000) for the prior year's comparable nine-month period. Net income for the nine months was $186,000, or $0.01 per share. This represents a significant improvement over the nine-month period ended Dec. 31, 1991, when the company reported a net loss of ($4,087,000) or ($0.19) per share.
 For the third quarter ended Dec. 31, 1992, revenues increased by $15,739,000, or 103 percent, to $31,015,000, from the comparable quarter of the prior fiscal year, for which revenues were $15,276,000. The current quarter's revenues included approximately $8,300,000 of revenue from The Samuel Goldwyn Theatre Group. Quarterly operating income increased to $3,026,000 from $1,059,000 for the same quarter of the previous year, representing an increase of $1,967,000, or 186 percent. The company had net income for the third quarter of $816,000, or $0.03 per share, as compared to last year's comparable quarterly net loss of ($434,000), or ($0.02) per share.
 Commenting on the results, President and Chief Operating Officer Meyer Gottlieb stated: "We are proud of the accomplishments of our operating units, all of which contributed to the improved results of this three- and nine-month period. We are optimistic about the effectiveness of our long-range business plan and are enthusiastic about the slate of film and television product for the remainder of this fiscal year and into fiscal 1994."
 The Samuel Goldwyn Co. is one of the leading independent motion picture film and television producers and distributors in the world as well as a leading specialized film exhibitor in the United States.
 THE SAMUEL GOLDWYN CO.
 Unaudited Consolidated Statement of Operations
 Three Months Ended Nine Months Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Revenues $31,015,000 $15,276,000 $71,856,000 $33,221,000
 Cost of
 revenues 23,721,000 11,295,000 53,596,000 25,420,000
 Selling,
 general and
 administrative
 expense 3,508,000 2,661,000 10,830,000 8,314,000
 Depreciation and
 amortization 760,000 261,000 2,091,000 345,000
 Total 27,989,000 14,217,000 66,517,000 34,079,000
 Operating income
 (loss) 3,026,000 1,059,000 5,339,000 (858,000)
 Interest expense 1,877,000 1,743,000 5,078,000 4,651,000
 Income (loss)
 before income
 taxes 1,149,000 (684,000) 261,000 (5,509,000)
 Income tax
 provision
 (benefit) 333,000 (250,000) 75,000 (1,422,000)
 Net income (loss) $816,000 ($434,000) $186,000 ($4,087,000)
 Net income (loss)
 per share $0.03 ($0.02) $0.01 ($0.19)
 Average number of
 shares
 outstanding 23,710,525 21,600,350 23,710,525 21,600,350
 -0- 2/10/93
 /CONTACT: Hans Turner, CFO of The Samuel Goldwyn Co., 310-552-2255/
 (SG)


CO: The Samuel Goldwyn Co. ST: California IN: ENT SU: ERN

KJ-JB -- LA035 -- 5430 02/10/93 18:48 EST
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Date:Feb 10, 1993
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