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APPLIED INNOVATION ANNOUNCES RECORD FIRST QUARTER 1993 EARNINGS

 WORTHINGTON, Ohio, April 29 /PRNewswire/ -- Applied Innovation Inc. (NASDAQ Bulletin Board: AINN) today announced net income of $368,891 for the three months ended March 31, 1993, compared to $53,568 for the same period last year. Net income per share was $.10 versus $.02 for the first quarters of 1993 and 1992, respectively. Total revenue increased 241 percent to $2,045,950 for the first quarter of 1993, benefiting from increased sales to Regional Bell Operating Companies. During the first quarter of 1993, the company established a field service department in response to customer needs for specialized assistance prior to and following installation of Applied Innovation products.
 Gross margin declined as a percent of revenues during the first quarter of 1993 to 63.0 percent versus 78.7 percent the previous year, as a result of higher costs for parts and assembly as well as additional overhead expenses. However, general and administrative expenses were significantly lower at 26.8 percent of revenues, for the three months ended March 31, 1993, compared to 51.6 percent a year ago.
 A substantial commitment continues to be made to research and development. These expenditures totaled $176,269 for the first quarter of 1993 versus $92,710 in 1992. New products are currently being tested for introduction later this year.
 In March, 1993, the company submitted Form 10-SB to the Securities and Exchange Commission. Once approval has been granted, the company plans to submit an application to list its common shares on the Nasdaq Small Cap Issue market. This is expected to enhance liquidity of Applied Innovation's common stock and increase visibility within the investment community.
 Gerry Moersdorf, Jr., president and chief executive officer, stated, "We are pleased with the results for the first quarter and look forward to solid performance throughout 1993. The company increased its penetration among Regional Bell Operating Companies and other key companies in the telephony industry. Establishment of the field service department represents a commitment to customer service and further utilization of our expanded capabilities. This new area is expected to make significant contributions to our performance in future periods."
 Applied Innovation Inc., headquartered in Worthington, Ohio, designs, manufactures and markets local and wide area networking systems for the telecommunications industry. The company's common stock trades on the NASDAQ Stock Market Bulletin Board under the symbol "AINN."
 FINANCIAL HIGHLIGHTS
 Three Months Ended Three Months Ended
 March 31, 1993 March 31, 1992
 (Unaudited) (Unaudited)
 Total Revenues $2,045,950 $600,219
 Net Income 368,891 53,568
 Net Income Per Share $0.10 $0.02
 March 31, 1993 December 31, 1992
 (Unaudited) (Audited)
 Total Assets $4,588,957 $4,302,974
 Working Capital 3,172,425 2,827,305
 Stockholders' Equity 3,421,389 3,050,148
 -0- 4/29/93
 /CONTACT: John Spiegel, controller, Applied Innovation, Inc., 614-846-9000; or Robert A. Lentz of Robert A. Lentz & Associates, 614-228-2142, for Applied Innovation, Inc./
 (AINN)


CO: Applied Innovation, Inc. ST: Ohio IN: TLS SU: ERN

BM -- CL015 -- 2580 04/29/93 10:53 EDT
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Date:Apr 29, 1993
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