PR: Morrow's Balance Sheet
(October 25, 1996)

                                    Income Statement
                               (000, except per share data)
                           Quarter      Ended  Nine Months   Ended
                           9/30/96    9/30/95  9/30/96     9/30/95
Net sales                  $19,667    $10,212  $22,352    $14,963
Cost of goods sold          11,961      7,106   13,896     10,703
Gross profit                 7,706      3,106    8,456      4,260
Selling, marketing and
 customer service expense    1,747      1,008    3,361      2,217
Engineering, research and
 development expense           181        253      546        588
General and administrative
 expense                       877        472    2,068      1,210
Total operating expenses     2,805      1,733    5,975      4,015
Operating income             4,901      1,373    2,481        245
Other income (expense):
Interest expense               (29)      (273)    (149)      (639)
Interest income                 79          0      394          0
Other income (expense)          79        (14)      94          6
Total other income (expense)   129       (287)     339       (633)
Income (loss) before 
 income tax                  5,030      1,086    2,820       (388)
Income tax 
 benefit (expense)          (1,961)      (405)  (1,122)       170
Net income (loss)          $ 3,069     $  681  $ 1,698    $  (218)
Net income (loss) 
 per share                51 cents   19 cents 28 cents   (5 cents)
Weighted average shares
 used in computing
 per share amounts           6,046      3,540    6,044      3,540
                                MORROW SNOWBOARDS
                                  Balance Sheets
                                       (000)
                                        9/30/96   12/31/95
                                            (unaudited)
Cash and cash equivalents               $8,227     $15,026    
Accounts receivable                      9,521       5,886    
Inventories                              5,673       2,747        
Prepaid expense                            464         252         
Deferred income taxes                      289         289
Total current assets                    24,174      24,200    
Property, plant and equipment - net      8,849       6,936             
Other assets                                35          43
Total assets                           $33,058     $31,179          
Accounts payable                       $ 1,540     $ 1,857          
Accrued liabilities                      2,744         964        
Current portion of long-term debt and
 capital lease obligations                 263       2,657          
Total current liabilities                4,547       5,478       
Capital lease obligations, less
        current portion                    316         475          
Deferred income taxes                       76          76
Total long-term liabilities                392         551     
Common stock                            26,656      25,385
Notes receivable for common stock          (94)        (94)
Accumulated earnings (deficit)           1,557        (141)
Total stockholders' equity              28,119      25,150          
Total liabilities and equity           $33,058     $31,179          
*T
--30--DS/se* CER/se
CONTACT: 
Morrow Snowboards Inc.
David Cleary, 503/375-9300, ext. 119
or
Harris Massey Herinckx
Fletcher Chamberlin, 503/295-1922