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VIDEOCART ANNOUNCES THIRD QUARTER RESULTS

 VIDEOCART ANNOUNCES THIRD QUARTER RESULTS
 CHICAGO, Oct. 16 /PRNewswire/ -- VideOcart Inc. (NASDAQ: VCRT), a


development stage company, today announced 1992 third quarter revenues of $2.0 million compared to $1.2 million for the third quarter last year. The company reported a loss per share for the third quarter 1992 of $2.52 including a non-recurring charge of $1.82 per share.
 The company said the non-recurring charge represents a reserve associated with the conversion of the company's display technology from a ten button unit to a new touch screen unit in early 1993. In addition, this reserve will also cover the write down of existing displays and related equipment in anticipation of the introduction of the touch screen unit.
 For the nine month period ending Sept. 26, 1992, revenues were $5.0 million compared to $2.7 million in the year-earlier period. The net loss of $37.9 million or $3.46 per share, including a non-recurring charge of $20 million, for the nine months ended Sept. 26, 1992, compares to a net loss of $7.0 million or $.78 per share one year earlier.
 VideOcart is a micro-marketing media company, in its development stage, which installs and maintains a communication network consisting of programmable and targetable digital communications to video displays affixed to grocery shopping carts. This communications network, now installed in nearly 200 supermarkets across the country, allows consumer product goods manufacturers to reach consumers at the exact aisle location of the brand being advertised or promoted with a flexible video message.
 VIDEOCART INC.
 Three Months Ending Year Ended
 September September December
 26, 1992 30, 1991 28, 1991
 Revenues $ 1,977,318 $ 1,158,263 $ 3,767,779
 Costs and Expenses 9,574,558 4,361,649 15,918,180
 Technology
 Conversion Costs 20,000,000 -- --
 Operating Loss (27,597,240) (3,203,386) (12,150,401)
 Other Income(Expense) (11,565) (84,157) (15,174)
 Loss Before Income Taxes (27,608,805) (3,287,543) (12,165,575)
 Income Tax Expense(Benefit) -- (183,241) (545,969)
 Net Loss (27,608,805) (3,104,302) (11,619,606)
 Net Loss Per Share $(2.52) $(0.34) $(1.22)
 -0- 10/16/92
 /CONTACT: Randy S. Mueller, manager of investor relations of VideOcart, 312-987-5000/
 (VCRT) CO: VideOcart Inc. ST: Illinois IN: SU: ERN


PS -- NY081 -- 1181 10/16/92 17:52 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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