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BI ANNOUNCES COMPLETION OF REGISTRATION

 BOULDER, Colo., July 16 /PRNewswire/ -- BI Inc. (NASDAQ-NMS: BIAC), the industry leader in electronically monitored systems for corrections, today announced completion of a stock registration in the amount of 1,176,000 shares requested by a major shareholder, Cincinnati Microwave, as previously announced on March 31, 1993. BI's management indicated that CMI sold the stock to institutional investors through their agents.
 In view of the successful placement of these common shares, BI's president and chief executive officer, David J. Hunter said, "During the months this stock has been overhanging the market, BI has made substantial progress as evidenced by the release of our newest state-of- the-art product, the BI 9000 Home Escort Series. As previously announced, BI also completed the acquisition of Community Corrections Systems Inc., providing for BI's entrance into community corrections software."
 -0- 7/16/93
 /CONTACT: Joanna Manley of BI, 303-530-2911; or Tom Dean of Innovative Research, 212-421-2543, for BI/
 (BIAC)


CO: BI Inc.; Cincinnati Microwave ST: Colorado IN: SU:

MC -- DV002 -- 2494 07/16/93 13:05 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
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