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COGNITRONICS' SHAREHOLDERS TOLD OF FOCUS ON VOICE PROCESSING

 STAMFORD, Conn., May 13 /PRNewswire/ -- Cognitronics Corporation (AMEX: CGN) told shareholders today that over the past two years it shifted from a commitment to three different technologies into a company entirely focused on only one -- voice processing.
 "We have shaped the company from one with a number of interesting, even brilliant, technologies into a company focused entirely on voice processing, the one we find potentially the most rewarding," said Matthew J. Flanigan, president and CEO.
 As part of its corporate strategy, the company in 1991 divested itself of the optical scanning and imaging systems business and last month signed a letter of intent to sell its precision machined parts business.
 "With the new corporate alignment which gives us sharper product focus...we are very confident about the future," Flanigan said. "Our core voice processing business grew 27 percent last year."
 Shareholders voted to amend the 1990 stock option plan of the company to increase by 150,000 shares the shares reserved for issue; voted to approve the selection of Ernst & Young as independent auditors, and re-elected the seven directors to serve for the ensuing year.
 Cognitronics is a leading manufacturer and supplier of voice processing equipment, including telephone network and call management announcement products and interactive voice response (IVR) systems, to telephone operating companies, original equipment manufacturers and commercial end-users.
 -0- 5/13/93
 /CONTACT: Harold F. Mayer of Cognitronics, 203-327-5307/
 (CGN)


CO: Cognitronics Corporation ST: Connecticut IN: TLS SU:

GK -- NY043 -- 8058 05/13/93 11:24 EDT
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Publication:PR Newswire
Date:May 13, 1993
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