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CMS/DATA CORPORATION ANNOUNCES RESULTS

 TALLAHASSEE, Fla., Sept. 28 /PRNewswire/ -- CMS/DATA Corporation (NASDAQ: LAWR) ("CMS") today reported consolidated operating results for the fourth quarter and year ended June 30, 1993.
 Revenues for the three months ended June 30, 1993, were $3,435,900, compared to $2,461,000 for the same period last year, an increase of 39.6 percent. The net loss was $424,100 for the quarter ended June 30, 1993, compared to a net loss of $1,222,900 for the same period last year. The net loss per share for the quarter was $0.11 on 3,864,700 weighted average shares outstanding, compared to a net loss per share of $0.32 on 3,859,000 weighted average shares outstanding for the same period last year.
 For the year ended June 30, 1993, revenues were $15,243,800, compared to $12,830,100 for the same period last year, an increase of 18.8 percent. The net loss was $137,000 for the year ended June 30, 1993, compared to a net loss of $1,606,300 for the same period last year. The net loss per share for the year was $0.04 on 3,864,700 weighted average shares outstanding, compared to a net loss per share of $0.42 on 3,859,000 weighted average shares outstanding for the same period last year.
 The net results from operations reflect a considerable improvement over Fiscal 1992. The main factor is the 18.8 percent increase in revenues resulting from an increase in system sales and sales from all other sources including PC DOCS and other applications software, peripherals, service and software support agreements.
 During Fiscal 1993, the company released PC DOCS OPEN(R), Corporate LawPack(R) for Windows, MarketSense(TM) and Docudraft(R).
 In 1994, CMS anticipates releasing their new generation of law office software, CMS OPEN(TM), including Financial Management, Case Management, and Practice Management, which not only encompasses the functionality of CLO 2, but extends it in both features and scope of applications. Of more importance, CMS OPEN has been designed to operate in a client/server environment, will work with Microsoft Windows, and will provide a large degree of user customization.
 On June 30, 1993, CMS/DATA completed the first step in a reorganization with The Quartex Corporation ("Quartex") by issuing, through a private placement, 2,075,445 newly issued shares of the company's common stock at a price of $1.87 per CMS common share, resulting in net proceeds to the company of approximately $3,583,800. This purchase increased Quartex's ownership of the company to approximately 65 percent of the outstanding common stock of the company and by reason of voting agreements with other shareholders, increased Quartex's voting control of the company to approximately 77 percent of such outstanding common stock.
 As previously reported, CMS and Quartex have agreed in principle to cause Quartex to acquire all of the CMS common shares not owned by Quartex through a merger between CMS and a newly incorporated wholly owned subsidiary of Quartex. Each CMS common share held by the public shall be exchanged for 5.6 Quartex common shares. The merger and capital reorganization are subject to execution of definitive agreements and receipt of shareholder and regulatory approvals. The parties intend to complete the merger transaction and capital reorganization as soon as practicable but in any event prior to Feb. 28, 1994.
 CMS/DATA Corporation and its subsidiaries, CompInfo, Inc. and Canterbury Systems Corp., design, market, support and integrate systems for the legal profession; and the company's subsidiary, PC DOCS, Inc., markets its document management and control system product to business, banks, utilities and government agencies, as well as the legal industry in North America, England, Europe and Australia.
 CMS/DATA CORPORATION
 Consolidated Statement of Operations
 Quarter Ended June 30, Year Ended June 30,
 (UNAUDITED)
 1993 1992 1993 1992
 Revenues:
 System Sales $1,781,600 $1,267,700 $8,537,900 $6,636,700
 Other software
 sales, services
 and software
 support
 agreements 1,672,800 1,182,500 6,550,800 6,060,100
 Other revenue (18,500) 10,800 155,100 133,300
 Total
 revenues 3,435,900 2,461,000 15,243,800 12,830,100
 Costs and expenses:
 Costs of sales
 and services 564,800 42,500 2,734,300 2,080,300
 Software
 development
 costs 76,500 366,200 974,600 976,700
 Selling,
 general and
 administrative
 expenses 2,861,400 2,886,800 10,235,200 10,664,800
 Depreciation
 and
 amortization
 expenses 331,100 403,900 1,329,500 852,800
 Loss on
 marketable equity
 securities (8,700) 43,200 43,900 147,100
 Interest expense 9,300 12,600 37,700 30,300
 Total costs
 and
 expenses 3,834,400 3,755,200 15,355,200 14,752,000
 Income (loss)
 before income
 taxes (398,500) (1,294,200) (111,400) (1,921,900)
 Income taxes
 (benefits) 25,600 (71,300) 25,600 (315,600)
 Net income
 (loss) $(424,100)$(1,222,900) $(137,800) (1,606,300)
 Earnings
 (loss) per
 common share $ (0.11) $ (0.32) $ (0.04) $ (0.42)
 Weighted average
 shares and share
 equivalents 3,864,700 3,859,000 3,864,700 3,859,000
 NOTE: Certain reclassifications have been made to the June 30, 1992 quarter to conform to the presentation used for the June 30, 1993 period.
 -0- 9/28/93
 /CONTACT: Rubin I. Osten, chairman and CEO, of CMS/DATA, 904-878-5155/


CO: CMS/DATA Corporation ST: Florida IN: CPR SU: ERN

AW-JB -- FL004 -- 6402 09/28/93 13:20 EDT
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Date:Sep 28, 1993
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