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DIAGNON CORPORATION REPORTS RESULTS FOR ITS FIRST QUARTER

 DIAGNON CORPORATION REPORTS RESULTS FOR ITS FIRST QUARTER
 ROCKVILLE, Md., Oct. 6 /PRNewswire/ -- Diagonon Corporation (OTC BULLETIN BOARD: 3DIGN) reported the following results for its first quarter:
 First Quarter Ended Aug. 31,
 1992 1991
 Revenues $ 2,277,969 $ 1,797,618
 Income Before Income Tax $ 122,609 $ 50,189
 Income Before Cumulative
 Effect of Change in Accounting $ 82,409 $ 29,289
 Cumulative Effect of Change
 In Accounting $ 0 $ 1,224,000
 Net Income $ 82,409 $ 1,253,289
 Earnings Per Share Before
 Cumulative Effect of Change
 in Accounting $ 0.02 $ 0.00
 Cumulative Effect of Change in
 Accounting Per Share ---- $ 0.23
 Net Earnings Per Share $ 0.02 $ 0.23
 Number of Shares Outstanding 5,398,244 5,398,244
 During the fourth quarter of 1992, and effective June 1, 1991, the company adopted SFAS No. 109, "Accounting for Income Taxes." The change recognizes the value of the company's deferred tax assets.
 Diagnon's common stock is carried on the OTC Bulletin Board under the symbol 3DIGN.
 -0- 10/6/92
 /CONTACT: John C. Landon, chief executive officer, Diagnon Corporation, 301-251-2801/
 (3DIGN) CO: Diagnon Corporation ST: Maryland IN: MTC SU: ERN


KD -- DC006 -- 7040 10/06/92 11:52 EDT
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Publication:PR Newswire
Date:Oct 6, 1992
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