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DIAGNON CORPORATION REPORTS RESULTS FOR ITS FISCAL YEAR

 ROCKVILLE, Md., Aug. 30 /PRNewswire/ -- Diagnon Corporation (OTC Bulletin Board: 3DIGN) reports results for its fiscal year ended May 31, 1993:
 DIAGNON CORPORATION
 Fiscal Year Ended May 31,
 1993 1992
 Revenues $8,608,155 $8,267,940
 Income Before Income Tax $ 373,750 $ 317,836
 Income Before Cumulative Effect
 of Change in Accounting $ 325,250 $ 162,336
 Cumulative Effect
 of Change in Accounting $ 0 $1,224,000
 Net Income $ 325,250 $1,386,336
 Earnings Per Share
 Before Cumulative Effect
 of Change in Accounting $ 0.06 $ 0.03
 Cumulative Effect of Change
 in Accounting Per Share $ 0.00 $ 0.23
 Net Earnings Per Share $ 0.06 $ 0.26
 Weighted Average 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- 8/30/93
 /CONTACT: Michael P. O'Flaherty, corporate secretary, Diagnon Corporation, 301-251-2801/
 (3DIGN)


CO: Diagnon Corporation ST: Maryland IN: MTC SU: ERN

MH-DC -- DC004 -- 6942 08/30/93 08:59 EDT
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Publication:PR Newswire
Date:Aug 30, 1993
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