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sd3

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sd3

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Tuesday, 08/14/2001 8:05:02 AM

Tuesday, August 14, 2001 8:05:02 AM

Post# of 89565
MMCI News, should pop nicely today.

Multimedia Concepts Reports Record First Quarter Fiscal 2002 Earnings: Earnings


Per Share Increased 400%
to $.05

Business Editors

NEW YORK--(BUSINESS WIRE)--Aug. 14, 2001--Multimedia Concepts
International, Inc. (OTCBB: MMCI) today announced that the Company
filed its 10-QSB with the Securities and Exchange Commission for the
first quarter ended June 30, 2001.
Net sales for the quarter ended June 30, 2001 were $ 1,282,076
versus $ 1,405,751 for the quarter ended June 30, 2000. Net income
rose from $ 29,188 for the 2000 first quarter to $156,131 for the same
period in 2001. Earnings per share increased 400% from $.01 for the
quarter ended June 30, 2000 to $.05 for the quarter ended June 30,
2001.
"I am very pleased with our performance this quarter which
reflects tremendous progress in our development and I am confident
that we are on track to excel in today's marketplace and that, with
shareholder value at the forefront of our strategies and decisions,
will witness a significant and eventful year", stated Ilan Arbel,
President.

About Multimedia Concepts International, Inc.

Multimedia Concepts International, Inc. is a holding company for
its wholly owned operating subsidiary, U.S. Apparel Corp. (USAC) The
Company's other subsidiary, United Textiles & Toys Corp. ceased all
operating activities in 1998. USAC designs and manufactures a line of
private-label knit cotton tops (such as T-shirts and polo shirts) for
boys and men. USAC's garments consist of original designs and
modifications and copies of existing designs.

This press release contains forward-looking statements, which
involve numerous risks and uncertainties. Actual results, performance
and achievements could differ materially from those anticipated in
such forward looking statements as a result of certain risk factors,
including those set forth in the Company's filings with the Securities
and Exchange Commission.

--30--sdg/ny*

CONTACT: Investor Contact:
DeMonte Associates
Cynthia DeMonte
Tel. 212-473-3700
cdemonte@demonte.com

KEYWORD: NEW YORK
INDUSTRY KEYWORD: APPAREL/TEXTILES EARNINGS
SOURCE: Multimedia Concepts International, Inc.

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com





Aug-14-2001 11:30 GMT
Symbols:
US;MMCI
Source BW Business Wire
Categories:
MST/R/US/NY MST/I/TEX MST/S/ERN

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