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ARTISOFT SALES, NET INCOME AND EARNINGS PER SHARE AT RECORD LEVELS IN QUARTER ENDED MARCH 31, 1992

 ARTISOFT SALES, NET INCOME AND EARNINGS PER SHARE
 AT RECORD LEVELS IN QUARTER ENDED MARCH 31, 1992
 TUCSON, Ariz., April 16 /PRNewswire/ -- Artisoft Inc. (NASDAQ: ASFT) announced today that its sales, net income and earnings per share were at record levels for the three months ended March 31, 1992, the third quarter of the company's current fiscal year.
 Sales for the period were $20,274,000, an increase of 96 percent over the $10,354,000 recorded in the same quarter a year earlier.
 Net income, at $3,588,000, was 71 percent above last year's $2,098,000 for the same period. Per share earnings for the 1992 third quarter, at 21 cents, also a record high, were 40 percent above the 15 cents recorded a year earlier.
 C. John Schoof II, Artisoft's president and chief executive officer, said the improved earnings were the result of a greater penetration of Artisoft products in the local area network market. He attributed the success to greater appreciation of Artisoft products by buyers of networking systems. During the quarter, Artisoft introduced LANtastic (R) version 4.1, an improved version of its award-winning LANtastic network operating system.
 In the first nine months of the 1992 fiscal year, sales, net income and earnings per share have already exceeded the levels achieved for all of fiscal 1991.
 Sales for the nine months ended March 31, 1992, were $51,787,000, an increase of 82 percent over the $28,481,000 reported for the same nine months a year earlier. Earnings for the first nine months, at $8,999,000, were 90 percent above the $4,728,000 earned in the year- earlier period. Earnings per share for the current fiscal year to date were 55 cents compared to 34 cents for the year-earlier period.
 Artisoft develops and manufactures a full line of hardware and software for local area networks including the LANtastic Local Area Network. The LANtastic network is recognized as the leader in the DOS- based peer-to-peer network market and has won numerous industry awards for its cost-effective features, performance and ease of use. It allows up to 300 users of IBM (R)-compatible computers to connect and share information and peripheral devices such as printers, hard drives and CD- ROMs. The LANtastic network and Artisoft's other connectivity products are distributed in more than 70 countries worldwide.
 For more information about Artisoft or its product line, contact Artisoft Inc. at 691 E. River Road, Tucson, AZ 85704. Sales 800-TINYRAM. Corporate 602-293-4000. Fax 602-293-8065.
 ARTISOFT INC.
 Income Statement
 (In thousands except per share amounts)
 Third YTD
 Qtr. '92 Qtr. '91 Fiscal '92 Fiscal '91
 Net sales $20,274 $10,354 $51,787 $28,481
 Cost of sales 8,610 4,364 22,196 11,433
 Gross profit 11,664 5,990 29,591 17,048
 Selling & marketing 4,694 1,934 11,439 4,714
 General & administrative 1,033 471 2,696 1,104
 Research & development 758 391 2,116 917
 Special research
 compensation 0 0 0 2,654
 Operating expenses 6,485 2,796 16,251 9,389
 Operating income 5,179 3,194 13,340 7,659
 Other income (expense) 494 157 1,006 (102)
 Earnings before income
 taxes 5,673 3,351 14,346 7,557
 Income taxes 2,085 1,253 5,347 2,829
 Net earnings $3,588 $2,098 $8,999 $4,728
 Net earnings per
 common share $0.21 $0.15 $0.55 $0.34
 Average common shares
 outstanding 17,373 14,197 16,377 13,959
 (average of three quarters)
 Balance Sheet
 March 31, 1992
 Assets
 Current assets
 Cash & equivalents $34,345
 Trade receivables-net 8,638
 Investments 11,223
 Inventories 5,433
 Other current assets 2,473
 Current assets 62,112
 Plant & equipment
 net of accum. depr. 5,258
 Other assets 205
 Investments -- long-
 term 4,259
 Total $71,834
 Liabilities & Stockholders'
 Equity
 Current liabilities
 Accounts payable $3,617
 Accrued expenses 1,975
 Other current
 liabilities 13
 Current liabilities 5,605
 Net stockholders' equity 66,229
 Total $71,834
 ARTISOFT INC.
 Income Statement
 Third YTD
 Qtr '92 Qtr '91 Fiscal '92 Fiscal '91
 Net sales 100.00 pct. 100.00 pct. 100.00 pct. 100.00 pct.
 Cost of sales 42.47 pct. 42.15 pct. 42.86 pct. 40.14 pct.
 Gross profit 57.53 pct. 57.85 pct. 57.14 pct. 59.86 pct.
 Selling & marketing 23.15 pct. 18.68 pct. 22.09 pct. 16.55 pct.
 General &
 administrative 5.10 pct. 4.55 pct. 5.21 pct. 3.88 pct.
 Research & develop-
 ment 3.74 pct. 3.78 pct. 4.09 pct. 3.22 pct.
 Special research
 compensation 0.00 pct. 0.00 pct. 0.00 pct. 9.32 pct.
 Operating expenses 31.99 pct. 27.00 pct. 31.38 pct. 46.31 pct.
 Operating income 25.55 pct. 30.85 pct. 25.76 pct. 26.89 pct.
 Other income
 (expense) 2.44 pct. 1.52 pct. 1.94 pct. -0.36 pct.
 Earnings before
 income taxes 27.98 pct. 32.36 pct. 27.70 pct. 26.53 pct.
 Income taxes 10.28 pct. 12.10 pct. 10.32 pct. 9.93 pct.
 Net earnings 17.70 pct. 20.26 pct. 17.38 pct. 16.60 pct.
 -0- 4/16/92
 /CONTACT: Bob Fitzpatrick of Artisoft, 602-690-3558/
 (ASFT) CO: Artisoft Inc. ST: Arizona IN: CPR SU: ERN


KJ-AL -- LA028 -- 9460 04/16/92 16:02 EDT
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Date:Apr 16, 1992
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