ADD to BW1407, NEXAR-TECHNOLOGIES.

SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Nov. 13, 1998--

ADD to BW1407 (NEXAR-TECHNOLOGIES)

Nexar Announces Third Quarter Results

                NEXAR TECHNOLOGIES, INC. AND SUBSIDARY
            CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
            (In Thousands, Except Share and Per Share Data)
                              (Unaudited)


                            THREE MONTHS ENDED      NINE MONTHS ENDED
                            SEP 30,     SEP 30,     SEP 30,    SEP 30,
                             1997        1998        1997       1998

Net revenues                $4,403      $2,517     $22,399     $9,969
Cost of revenues             6,119       4,556      22,769     12,931
Gross loss                  (1,716)     (2,039)       (370)    (2,962)

Operating expenses:

  Research and development     464         253       1,184        921

  Selling and marketing      1,692         955       5,612      3,098
  General and
   administrative            1,646       3,487       3,170      6,540
  Total operating
   expenses                  3,802       4,695       9,966     10,559

Net loss before
 interest income           ($5,518)    ($6,734)   ($10,336)  ($13,521)

Interest income                 64          (1)        151         15
Exchange Gain                   --          --          --          1

Net loss                    (5,454)     (6,735)    (10,185)   (13,505)
Preferred stock dividends       --         (33)         --     (1,137)

Net loss applicable
  to common stock          ($5,454)    ($6,768)   ($10,185)  ($14,642)

Net loss per common share:
 Basic                      ($0.68)     ($0.68)     ($1.48)    ($1.58)
 Diluted                    ($0.50)     ($0.57)     ($1.29)    ($1.33)

Weighted average common
  shares:
 Basic                   8,030,949   9,997,650   6,861,419  9,248,258
 Diluted                10,883,229  11,779,615   7,885,314 11,030,223



                NEXAR TECHNOLOGIES, INC. AND SUBSIDARY
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                 (In Thousands, Except Share Amounts)

                                                      (Unaudited)
                                     DECEMBER 31,     SEPTEMBER 30,
                                        1997              1998

ASSETS
Current Assets:
  Cash and cash equivalents            $1,814             $691
  Accounts receivable, net              8,832            2,925
  Inventories                           4,973            1,593
  Prepaid expenses and
   other current assets                 2,191            1,777
      Total current assets             17,810            6,986
Property and equipment, net               810              602
Purchased technology, net                 917              573
Other assets                              372              335

                                      $19,909           $8,496



LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
  Accounts payable                      6,177            4,486
  Accrued expenses                      1,189            1,392
  Accrued preferred stock dividends        --              952
  Due to related parties                  462              462
  Current maturities of obligations
   under capital lease                     58               64
  Total current liabilities             7,886            7,356
Deferred compensation                     750            1,313

Obligations under capital lease,
 less current maturities                  134               85
      Total liabilities                 8,770            8,754

Stockholders' equity (deficit):
  Preferred stock, $0.01 par value,
   10,000,000 shares authorized;
   45,684 and 72,145 shares issued
   and outstanding at December 31,
   1997 and September 30, 1998, stated
   at liquidation preference value     4,568             7,215
  Common stock, $0.01 par value,
   30,000,000 shares authorized;
   9,488,715 and 12,265,125 shares
   issued and outstanding at
   December 31, 1997 and
   September 30, 1998, respectively       95               123
Additional paid in capital            29,594            30,164
Accumulated deficit                  (23,118)          (37,760)
      Total stockholders'
       equity (deficit)               11,139              (258)
                                     $19,909            $8,496