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XSCRIBE SUBSIDIARY, U.S. MICRO-IMAGING, ACQUIRES ALL ASSETS OF ALLSTATE MICROFILM

 XSCRIBE SUBSIDIARY, U.S. MICRO-IMAGING,
 ACQUIRES ALL ASSETS OF ALLSTATE MICROFILM
 SAN DIEGO, April 21 /PRNewswire/ -- Xscribe Corp. (NASDAQ: XSCR) announced today that its new subsidiary, U.S. Micro-Imaging Inc., has acquired all of the assets of Allstate Microfilm. This business, located outside Los Angeles, provides micro-imaging services to many customers, including attorneys, financial institutions and insurance companies. Allstate's capacity is one of the largest such businesses in Southern California.
 Suren G. Dutia, president and chief executive officer, stated, "This strategic acquisition immediately adds about $500,000 to Xscribe's annual revenues. Our intent is to grow our new micro-imaging operation so that it becomes a dominant force in the industry. We are uniquely positioned to accomplish this objective because of our effective sales and marketing organizations, numerous legal and banking contacts, and turnaround management expertise. We believe that the micro-imaging industry, which includes microfilm and computer images, will continue to grow rapidly as more and more businesses seek to reduce their document storage and retrieval costs, and increase efficiency. We intend to capitalize on this opportunity."
 Xscribe Corp. designs and markets a wide variety of high-technology stenotype writers and software products for stenotypists, including computer-aided transcription systems for court reporters and real-time captioning systems for the hearing impaired.
 -0- 4/21/92
 /CONTACT: Bruce C. Myers, VP of operations and CFO of Xscribe, 619-457-5091, ext. 319/
 (XSCR) CO: Xscribe Corp.; U.S. Micro-Imaging Inc.; Allstate Microfilm ST: California IN: CPR SU: TNM


CH-KJ -- SD006 -- 0660 04/21/92 12:33 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:251
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