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VALLEY BUSINESS | BUSINESS ROUNDUP

Matthews Studio Group Reports $4.9-Million Loss

May 23, 2000

Matthews Studio Group of Burbank, which continues to be the subject of a Chapter 11 bankruptcy proceeding, reported a net loss of $4.9 million for the second quarter ended March 31 compared with $2.2 million for the same period last year. Revenues were $10.4 million, a 29% decrease.

Matthews Studio Group supplies lighting, grip, transportation, professional camera, video and audio equipment to the entertainment industry.

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