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NTN ANNOUNCES RESULTS FOR SECOND QUARTER OF 1993

    HUDSON, Mass., Aug. 13 /PRNewswire/ -- National Transaction Network, Inc., (NTN) today reported its results for the second quarter of 1993. Revenue and earnings for the three months ended June 30, 1993 were $1,858,129 and a loss of $152,916 respectively compared to $1,923,025 and a loss of $223,262 for the three months ended June 30, 1992.  For the six months ended June 30, 1993, revenue and earnings were $4,522,617 and a loss of $437,768 respectively, compared to $3,263,659 and a loss of $612,321 for the six moths ended June 30, 1992.
    "These disappointing quarterly results are primarily the result of delayed customer buying decisions," noted Jeffrey B. Finestone, NTN's chairman and CEO.  "Two major manufacturers of payment systems hardware have recently introduced new payment terminals and, accordingly, customers are in an evaluation period.  As customers complete their evaluation of these new hardware products, NTN will be able to provide high quality software solutions for those hardware platforms."
    NTN, headquartered in Hudson, Mass., develops and markets software and systems for the Electronic Payment industry.  Electronic Payment Systems allow retailers to automate the acceptance of various consumer payment mechanisms including credit cards, debit (ATM) cards, and paper and electronic checks at the check-out counter.  NTN's products and systems are most often deployed in the Supermarket retail segment and are supported by a full line of value added services including system installation and training.  Established as a leading provider of Electronic Payment Systems, NTN's customers include Albertsons, Hannaford Brothers Company, The Kroger Company, and A&P.  NTN is a public company.
    -0-             08/13/93
    CONTACT:  Milton A. Alpern, vice president of finance and administration of NTN, 508-562-6500 CO:  NATIONAL TRANSACTION NETWORK IN:  CPR SU:  ERN ST:  MA


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Publication:PR Newswire
Date:Aug 13, 1993
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