Laser Master International Reports Fiscal First Quarter Results

Business Wire, April 20, 1998

HARRISON, N.J.--(BUSINESS WIRE)--April 20, 1998--Laser Master International Inc. (OTC;BB:LMTI) today reported financial results for the fiscal first quarter ended Feb. 28, 1998.

Revenues for the fiscal first quarter ended Feb. 28, 1998 totaled $3,143,115, compared with $2,494,795 in revenues reported for the fiscal first quarter ended Feb. 28, 1997. Net loss for the quarter was $(35,618), compared with a loss of $(25,319) in the first quarter ended Feb. 28, 1997. There were 10,615,380 and 10,471,452 shares outstanding for the periods ended Feb. 28, 1998 and Feb. 28, 1997, respectively.

Mendel Klein, President of Laser Master, said, "We are pleased with the significant increase in revenues for the quarter. We believe revenues will continue to increase for the remainder of the year based on new contracts signed and orders received. Our new eight color press is now operating satisfactorily and will also contribute to revenue growth."

Klein added, "Our capital structure remains strong with over $2.3 million in working capital."

Laser Master International uses a computerized laser system for industrial and commercial printing and engraving. It provides a comprehensive array of computerized design, pre-press and flexographic printing services and products for the packaging, apparel and home furnishing markets. -0-

                   Laser Master International Inc.
                         Financial Highlights

                          For the Fiscal First Quarter Ending Feb. 28,
                                    1998               1997

Revenues                        $ 3,143,115        $ 2,494,795

Net earnings (loss)             $   (35,618)       $   (25,319)

Net Income (loss) Per Share     $      0.00        $      0.00

Weighted Average Common
   Shares Outstanding            10,615,380         10,471,452