THRUSTMASTER, INC. ANNOUNCES 23% INCREASE IN QUARTERLY REVENUES

PORTLAND OR, April 22, 1996 -- ThrustMaster, Inc. (NASDAQ:TMSR) today reported first quarter 1996 revenues of $4.6 million, an increase of 23% compared to $3.7 million for the same quarter last year. Net income was $101,000 ($0.02 per share) compared to $173,000 ($0.05 per share) for the same quarter last year. The Company attributes the decrease in earnings to a slowdown in sales of certain high margin flight products. Earnings per share also declined due to a 30% increase in the average number of shares outstanding.

Our continued growth is a good indicator of the underlying strength of the Company when you consider the overall sluggishness in retail during the last quarter of 1995 and the first part of this year, said ThrustMaster CEO Stephen Aanderud. Revenue growth can be attributed to acceptance of our Formula T2 driving controls. We will be announcing a number of new products during the second quarter including a game pad and another driving controller. These products, as well as others planned for introduction in 1996, will help us expand our traditional markets and provide for our continued growth throughout 1996.

ThrustMaster, Inc. designs, develops, manufactures and markets interactive control devices which allow players using personal computer entertainment software to interact realistically in a simulated environment. The Company is headquartered at 10150 SW Nimbus Avenue, Portland, Oregon 97223-4337. ThrustMaster’s home page on the Internet is at https://tmoldest.racesimcentral.net.

ThrustMaster, Inc. Summary Income Statements Dollars in thousands (Unaudited)
	Three Months Ended March 31,
	1996	1995
Revenues	$4,564	$3,701
Costs of goods sold	2,970	2,222
Gross Profit	1,594	1,479
Operating Expenses:
Research and Engineering	475	379
Sales and Marketing	548	460
Customer Service	69	74
General and Administrative	446	341
Total Operating Expenses	1,538	1,254
Income from operations	56	225
Other Income	106	45
Income Before Income Taxes	162	270
Provision for Income Taxes	61	97
Net Income	$101	$173
Net Income per Share	$0.02	$0.05
Weighted Average Shares Outstanding	4,413	3,389

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