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BI ANNOUNCES REGISTRATION REQUEST FROM MAJOR SHAREHOLDER

 BOULDER, Colo., March 31 /PRNewswire/ -- BI Inc. (NASDAQ-NMS: BIAC) announced that it has received notice today from Cincinnati Microwave Inc. (NASDAQ: CNMW) exercising Cincinnati Microwave's right to require BI to register under the Securities Act the 1,176,000 shares of BI common stock owned by Cincinnati Microwave. Cincinnati Microwave acquired the shares in March 1992 pursuant to the acquisition by BI of Guardian Technologies Inc., then a subsidiary of Cincinnati Microwave.
 Cincinnati Microwave has indicated to BI that it desires to sell some or all of its BI shares to meet certain capital requirements for its core businesses and has begun discussions with investment banks to effect the sale. The two companies are also party to an agreement whereby Cincinnati Microwave assists BI in the development and manufacture of home incarceration products, and that relationship will continue irrespective of any sale by Cincinnati Microwave of BI shares.
 -0- 3/31/93
 /CONTACT: Joanna Manley of BI, 303-530-2911; or Tom Dean of Innovative Research Assoc., 212-421-2543, for BI/
 (BIAC CNMW)


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

MC -- DV005 -- 1488 03/31/93 12:11 EST
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Publication:PR Newswire
Date:Mar 31, 1993
Words:190
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