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ICT REPORTS THIRD QUARTER RESULTS

 ICT REPORTS THIRD QUARTER RESULTS
 LOS ANGELES, Aug. 14 /PRNewswire/ -- ICT (NASDAQ: TUNE) today


reported results of operations for its third fiscal quarter, showing a substantial increase in revenues resulting from the continued rollout of its premium digital audio service, DMX. For the three months ended June 30, 1992, ICT reported a loss of ($0.37) per share, which includes non-cash charges of ($0.25) per share, compared to a loss per share of ($0.07) for the three months ended June 30, 1991. For the nine months ended June 30, 1992, ICT reported a loss per share of ($0.74), which includes non-cash charges of ($0.45) per share, compared to a loss per share of ($0.19) for the nine months ended June 30, 1991.
 ICT
 Third Quarter Results
 Three Months Ended
 June 30, 1992 June 30, 1991
 Revenues $274,928 ($16,491)
 Net loss ($10,531,653) ($1,616,340)
 Non-cash charge ($7,279,429) ---
 Loss per share ($0.37) ($0.07)
 Non-cash charge per share ($0.25) ---
 Weighted average shares 28,821,200 23,466,871
 Nine Months Ended
 June 30, 1992 June 30, 1991
 Revenues $573,787 ($65,058)
 Net loss ($21,161,856) ($4,358,599)
 Non-cash charge ($12,814,071) ---
 Loss per share ($0.74) ($0.19)
 Non-cash charge per share ($0.45) ---
 Weighted average shares 28,591,469 23,466,346
 The company cited increased revenues due to its expanded market launches of DMX, its premium digital audio product, and the profitable operations of its basic audio business, Superaudio, in which ICT is a 50-percent partner. The quarter included increases in operating expenses principally due to the growth in the sales and marketing of DMX to residential and commercial customers. In addition, activity in the international area expanded.
 During the quarter, the company incurred non-cash charges of approximately $7.3 million primarily resulting from the issuance of stock to cable affiliates who have launched the DMX service. The company has entered into agreements with certain cable affiliates which allow them to earn equity in ICT for distributing DMX to their basic cable subscribers. In the latest quarter, ICT undertook a very high level of market launch activity, which included a large number of cable systems operating under these equity participation agreements. Consequently, the company issued 806,763 shares of stock to affiliates pursuant to these agreements. Management believes that such share issuances will decline in forthcoming quarters since a large proportion of the equity shares to be earned by the participating cable affiliates have been issued in this and previous quarters.
 -0- 8/14/92
 /CONTACT: Robert Manning, VP finance and business development of ICT, 310-444-1744 ext. 137/
 (TUNE) CO: International Cablecasting Technologies Inc. ST: California IN: ENT SU: ERN


JB-AL -- LA020 -- 0098 08/14/92 14:39 EDT
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Date:Aug 14, 1992
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