COMPUTER CONCEPTS CORP. ACHIEVES PROFITABLE THIRD QUARTER RESULTS; Acquisition Strategy Provides Foundation For Continued Growth.

BOHEMIA, N.Y.--(BUSINESS WIRE)--November 16, 1994--Computer Concepts Corp. (Nasdaq:CCEE) today announced record results for the three and nine months ended September 30, 1994 (See Attached Table).

Revenues increased substantially to a record $5,095,000 in the three months ended September 30, 1994 from $722,000 in the same quarter of 1993. Representing the Company's first quarter of profitability, net income was $46,000 (less than $.01 per share) compared to a net loss of $1,509,000 ($.09 per share) in the third quarter of 1993. Revenues increased to $9,879,000 for the nine months ended September 30, 1994 from $856,000 in the same period of 1993. The net loss of $1,732,000 ($.07 per share) in the nine months of 1994 declined significantly from the net loss of $3,857,000 ($.26 per share) in the comparable 1993 period.

Management noted that the financial results for the third quarter of 1994 were favorably impacted by $2,210,000 of revenues recognized on the installment method from partial proceeds realized on the sale of stock received from International Standards Group, Ltd. for product licensing rights. Results were negatively impacted by a previously announced $1,000,000 charge comprised of a $500,000 reduction of revenues and a $500,000 non-recurring expense, taken in connection with the acquisition of Computer Concepts Europe, Ltd. ("CCEL").

Daniel DelGiorno, Jr., President of Computer Concepts, commented, "We are greatly encouraged by the increasing momentum behind our acquisition activities, the growing contribution of Softworks, the early favorable performance of Superbase and our achievement of profitability for the first time in the third quarter. With these trends expected to continue, we believe Computer Concepts is poised for sustainable revenue growth and enhanced operating performance into the future."

John Von Lintig, Computer Concepts' Chief Financial Officer, added, "Revenue growth in the third quarter significantly reflects the initial results of Computer Concepts' acquisition strategy and includes continued growth of Softworks, Superbase's first full quarter of operations and CCEL since its acquisition on September 1, 1994. With cash and marketable securities of $2,568,000, working capital of $3,008,000 and virtually no debt at September 30, 1994, our balance sheet remains steadfast and supportive of our continuing expansion in the software tools market."

Mr. DelGiorno concluded, "To ensure that our acquisition strategy provides superior long-term shareholder value, we are focusing our activities on opportunities which are expected to result in little or no dilution. High quality acquisition opportunities continue to be presented to us and we are currently in various stages of negotiation with several companies offering further sources of revenue and earnings growth. As previously announced, we expect to complete the acquisition of DBopen in the fourth quarter and anticipate reporting on further acquisitions as soon as progress permits."

Founded in 1989, Computer Concepts Corp. develops and markets, through a family of specialized business units, software tools which enhance business performance. The Company markets the unique d.b.Express line of information delivery software, the first software to allow instantaneous delivery of data, without the need for programming, to end-users of database applications. The Company's Superbase, Inc. business unit focuses on developers of PC applications by providing the proven Superbase line of relational database development tools. The Company's Softworks, Inc. unit focuses on managers of large system configurations and provides industry-leading systems and data management software products that enhance the reliability and performance of data processing environments. Computer Concepts Europe Ltd. distributes the Company's products in the European marketplace. -0-

                     COMPUTER CONCEPTS CORP.

             CONDENSED CONSOLIDATED RESULTS OF OPERATIONS
                           (unaudited)

         Three and Nine Months Ended September 30, 1994 and 1993
                 (in thousands, except per share data)


                     Three Months Ended         Nine Months Ended
                       September 30,              September 30,
                    1994          1993          1994          1993
                                   (A)                         (A)

REVENUES           $  5,095   $    722          $  9,879   $    856

NET INCOME (LOSS)  $     46   $ (1,509)         $ (1,732)  $ (3,857)

NET INCOME
 (LOSS) PER SHARE        (B)    ($ .09)           ($ .07)    ($ .26)

WEIGHTED AVERAGE
 SHARES OUTSTANDING  26,202     17,653            23,419     14,975
-0-

    (A) Restated to recognize certain software license fees on the
installment (cash) method rather than accrual method previously used.

    (B) Less than $.01 per share

    CONTACTS:        -or-      CCEE'S INVESTOR RELATIONS COUNSEL:
    Computer Concepts Corp.    The Equity Group Inc.
    Gary Kolesar               Carolyn Bancone, 212/836-9604
    516/244-1500               Robert D. Goldstein, 212/371-8660
                                    or
                               Market Makers
                               Jimmy Caplan
                               805/569-0076