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KURZWEIL APPLIED INTELLIGENCE, INC. REPORTS SECOND QUARTER RESULTS

 WALTHAM, Mass., Sept. 14 /PRNewswire/ -- Kurzweil Applied Intelligence, Inc. (NASDAQ: KURZ) announced today revenue for the second quarter ended July 31, 1993, of $4,568,000, representing a 43 percent increase over the second quarter of 1992's revenue of $3,185,000. Net income for the quarter totaled $356,000 or 10 cents per share(A), compared to $26,000 or 1 cent per share(A) for the second quarter of 1992.
 Revenues were $8,852,000 for the first half of fiscal year 1993, compared to $6,236,000 in the first half of 1992 for a 42 percent increase. Net income was $558,000 or 15 cents per share(A) for the six months ended July 31, 1993, compared to a net loss of $71,000 or 57 cents per share(A) for the same period of 1992.
 "The increase in sales is primarily the result of the continued momentum and success of our VoiceMED(TM) products. Our new Pathology product in particular has been very well received," said Bernard F. Bradstreet, president and co-CEO. "We are very pleased with our solid overall performance and especially our ability to improve our operating margins," commented Raymond C. Kurzweil, chairman and co-CEO.
 On Aug. 24, 1993, Kurzweil closed an initial public offering of 2,100,000 shares of its common stock at $10 per share, of which 291,500 shares were offered by selling stockholders providing proceeds (net of underwriter's discount and commissions) to the company of $16,819,050. Proceeds from the offering will go to repay $3,420,000 debt and to fund increased working capital requirements and general corporate purposes. The company has also been advised that the underwriters have elected to exercise their over-allotment option and will purchase an additional 315,000 shares which will provide an additional $2,929,500 to the company (net of underwriter's discounts and commissions).
 Headquartered in Waltham, Kurzweil Applied Intelligence, Inc., develops, markets and supports automated speech recognition systems used to create documents and interact with computers by voice. With its VoiceMED family of products, the company has concentrated initially on the health care industry. The company also markets Kurzweil VOICE(TM), a discrete speech product designed for creating general purpose written documents by voice.
 (A) -- The per-share calculations are all prior to the initial public offering.
 KURZWEIL APPLIED INTELLIGENCE, INC.
 Selected Financial Information
 (Unaudited; in thousands, except for per-share amounts)
 Periods ended Three months Six months
 July 31 1993 1992 1993 1992
 Total revenues $4,568 $3,185 $8,852 $6,236
 Total operating costs
 and expenses 4,141 3,112 8,156 6,378
 Net income (loss) 356 26 558 (71)
 Income (loss) per common
 and common equiv. share:
 Net income (loss) $.10 $.01 $.15 $(.57)
 Weighted average number of
 common & common equiv.
 shares outstanding 3,638,210 3,622,267 3,628,358 123,769
 -0- 9/14/93
 /CONTACT: Aaron Kleiner of Kurzweil Applied Intelligence, Inc., 617-893-5151/
 (KURZ)


CO: Kurzweil Applied Intelligence, Inc. ST: Massachusetts IN: CPR SU: ERN

GK-CK -- NY059 -- 1796 09/14/93 13:29 EDT
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Date:Sep 14, 1993
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