AutoInfo announces fiscal year 1995 results.

FAIR LAWN, N.J.--(BUSINESS WIRE)--July 13, 1995--AUTOINFO, INC. (NASDAQ/NMS:AUTO) announced today that net income for the Fiscal 1995 was $8,326,221, or $1.12 per share, compared to net income of $2,020,748 or $.27 per share for Fiscal 1994.

The results for Fiscal 1995 reflect the company's continuing operations of the insurance inspection services and long distance services businesses, the discontinued operations of the businesses sold to ADP, the gain on the sale of assets relating to the businesses sold to ADP, and the write-off of the company's preferred stock investment.

Revenues from continuing operations for Fiscal 1995, consisting of the company's insurance inspection services and long distance services businesses, were $4,797,531 as compared to $4,195,700 in Fiscal 1994. This increase resulted from the expansion of the company's insurance inspection services business offset by a reduction in revenues in the company's long distance services business relating to reduced network usage levels and volume rebates received in Fiscal 1994.

On April 1, 1995, the company consummated the sale of the assets relating to its Orion Network, Compass Network, Checkmate Computer Systems, and Insurance Parts Locator businesses to ADP Claims Solutions Group, Inc. for $30,350,000, resulting in a gain, net of taxes, of approximately $8,900,000.

"As a result of the sale of our businesses which provided computerization and communications services to the automative industry, we have re-evaluated our preferred stock investment in ComputerLogic and have determined that, due to the lack of synergistic strategic opportunities, the economic value has been impaired," said President Scott Zecher. "We have written off this investment in its entirety, including all unpaid dividends and fees." This amounted to a charge against operations in the fourth quarter of Fiscal 1995 of approximately $1,900,000.

"Fiscal year 1995 was a very exciting year for AutoInfo culminating with the successful consummation of our transaction with ADP. We are currently seeking and evaluating acquisition candidates and expansion opportunities that will yield significant stockholder value," said Zecher.

-0-

                              AUTOINFO, INC.
                          SUMMARY FINANCIAL DATA
                               (Unaudited)

                                       FISCAL YEAR
                                    5/31/95    5/31/94

Revenue                          $4,797,531   $4,195,700

Loss from continuing operations
 before income taxes             (2,809,026)    (316,736)
Benefit from income taxes          (634,623)     (98,171)

Loss from continuing operations  (2,174,403)    (218,565)
Income from discontinued
 operations, net of tax           1,614,936    2,239,313
Gain on sale of assets, net of
 tax                              8,895,688            -

Net income                       $8,326,221   $2,020,748

Net income (loss) per share:
 From continuing operations      $     (.29)  $     (.03)
 From discontinued operations           .22          .30
 From gain on sale of assets           1.19            -

 Net income per share            $     1.12   $      .27

Weighted average number of
 shares outstanding              $7,410,548   $7,416,721

-0-

CONTACT: AutoInfo

William I. Wunderlich

201/703-0500