SALEM, Ore.--(BUSINESS WIRE)--Feb. 27, 1996--Morrow Snowboards 
Inc. (NASDAQ:MRRW) today announced its first financial results since 
the completion of its initial public offering in December.

For the year ended Dec. 31, 1995, sales were up 78 percent and 
net income was up 46 percent from 1994 levels.

Net sales for the year were $24,586,000, compared to $13,844,000 
in the prior year.  Net income for the year ended Dec. 31, 1995, was 
$485,000, compared with $333,000 for the same period last year.  
Primary earnings per share for 1995 were 14 cents, compared with 
10 cents, a year ago.  The weighted average shares outstanding in 
1995 were 3,937,000, compared with 3,406,000 in 1994.

For the fourth quarter ended Dec. 31, 1995, net sales were 
$9,623,000, or 40 percent above the prior year's fourth quarter 
total of $6,868,000.  Net income for the fourth quarter was 
$703,000, or 16 cents per share, compared with $1,098,000, or 30 
cents per share, in the comparable quarter a year ago.  The weighted 
average shares outstanding for the latest quarter were 4,351,000, 
compared to 3,680,000 a year earlier.

"The company is pleased with the results of its first reporting 
period as a public company," commented Dennis Shelton, president of 
Morrow Snowboards.  "The company exceeded targets for the fourth 
quarter and the year."

"During the year the company expanded its market share and 
strengthened its position as the technology and performance leader 
in the snowboard business," Shelton continued.  

"We are excited about the way the capital raised in our initial 
public offering will positively impact our business.  We began 
producing our 1996-97 snowboard models in December and have 
continuedto change over the product line in the last two months.  
Last year, with limited capital available, we were not able to make 
this changeover until late in the second quarter.

"We are implementing our business strategy of producing our 
higher-margin Morrow branded product earlier in the year, which 
will improve service and product availability to our dealers," Shelton 
concluded.  "The initial response to our new product lines has been 
very good.  We are looking forward to showing our latest products 
at the Ski Industry Association trade show in early March."

Morrow Snowboards is a leading designer, manufacturer and 
marketer of premium snowboards and related products. 
-0-
*T



MORROW SNOWBOARDS INC.


Income Statement


(000s, except per-share figures)



Quarter ended        Year ended


Dec 31,             Dec 31,


1995     1994       1995      1994


Net sales                  $ 9,623  $ 6,868    $ 24,586  $ 13,844
Cost of goods sold           6,463    3,854      17,166     9,516
Gross profit                 3,160    3,014       7,420     4,328


Selling, marketing and
 customer service expense    1,242      948       3,459     2,108
Engineering, research and
 development expense           198       87         786       248
General and administrative
 expense                       385      304       1,595       868
Loss on lease termination       --       --          --       352


Total operating expenses     1,825    1,339       5,840     3,576
Operating income             1,335    1,675       1,580       752
Interest expense              (226)    (191)       (865)     (500)
Other income (expense)          28      (28)         34       (50)


Income before income tax     1,137    1,456         749       202
Income tax benefit (expense)  (434)    (358)       (264)      131


Net income                     703    1,098         485       333


Primary net income per 
 share                    16 cents 30 cents    14 cents  10 cents


Average shares 
 outstanding                 4,351    3,680       3,937     3,406
*T



CONTACT: 

Morrow Snowboards Inc.

David Cleary, 503/375-9300, ext. 119

or

Harris Massey Herinckx

Fletcher Chamberlin, 503/295-1922

KEYWORD:  OREGON

INDUSTRY KEYWORD:  SPORTS ENTERTAINMENT RETAIL EARNINGS