Laser Master International, Inc. Reports Record Revenues and Earnings for the Year Ended November 30, 1999

Business Wire, March 14, 2000

Business Editors

HARRISON, N.J.--(BUSINESS WIRE)--March 14, 2000

Laser Master International Inc., a computerized laser printing company said that 1999 Net Income rose to $776,769 or .07 per share from $563,438 or .05 per share the year before. Revenues rose to $15,947,507 from $14,049,749 for an increase of 14%.

According to Abraham Klein, COO, "Laser Master has developed innovative packaging products which we have been aggressively marketing. During 1999 we acquired a major internet retailer and this year we are optimistic about acquiring several more large customers based on customer feedback. We reduced selling expenses from the prior year and are working hard to control general and administrative expenses. We had several non-recurring general and administrative expenses last year. The early indications are that the 2000 year should show further progress."

ABOUT LMTI

Laser Master International, Inc. 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 furnishings markets.

The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

                   Laser Master International, Inc.
                           and Subsidiaries
                 Consolidated Statements of Operations
                Years Ended November 30, 1999 and 1998


                                               1999            1998
                                           -----------     -----------
Revenues
    Product revenues                       $15,575,349     $13,670,258
    Rental income                              372,158         379,491
                                           -----------     -----------
    Total revenues                          15,947,507      14,049,749
                                           -----------     -----------
Cost of revenues
    Cost of product revenues                11,048,280       9,746,573
    Cost of rental income                      313,575         295,174
                                           -----------     -----------
                                            11,361,855      10,041,747
                                           -----------     -----------
    Gross profit                             4,585,652       4,008,002
                                           -----------     -----------
Operating expenses
    Selling expenses                           799,583         921,903
    General and administrative expenses      2,662,012       2,200,041
                                           -----------     -----------
        Total operating expenses             3,461,595       3,121,944
                                           -----------     -----------

Operating income                             1,124,057         886,058
Interest expense                              (420,551)       (375,238)
Investment and other income                     73,263          52,618
                                           -----------     -----------
Income before income taxes                     776,769         563,438
Income taxes                                         -               -
                                           -----------     -----------
Net income                                    $776,769        $563,438
                                           ===========     ===========
Earnings per common share:
    Basic and diluted earnings per share         $ .07           $ .05
                                           ===========     ===========