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APPLIED INNOVATION BEGINS TRADING ON NASDAQ NATIONAL MARKET

 WORTHINGTON, Ohio, Nov. 29 /PRNewswire/ -- Applied Innovation Inc. (NASDAQ: AINN) today announced its common stock is now trading on the NASDAQ National Market. The company's trading symbol remains "AINN." Applied Innovation designs, manufactures and markets local and wide area networking systems for the telecommunications industry.
 Gerry Moersdorf, Jr., chairman and chief executive officer, commented, "We are pleased to have Applied Innovation's common shares traded on the NASDAQ National Market. The Company has consistently pursued opportunities to improve the market for its stock through more efficient bid and ask pricing as well as expanded visibility within the investment community."
 Earlier this month, the company announced record results for the first nine months of 1993. Total revenues were $9,278,360 versus $3,301,343 a year ago. Net income rose 245 percent to $2,112,125 for the 1993 year-to-date period compared to $612,985 last year. Net income per share was $0.55 and $0.17 for the first nine months of 1993 and 1992, respectively. Total assets were $8,546,061 on Sept. 30, 1993, which includes $4,152,791 in cash and cash equivalents. Shareholders' equity was $7,374,982 on that same date.
 -0- 11/29/93
 /CONTACT: John Spiegel, comptroller, of Applied Innovation, 614-846-9000, or Robert Lentz of Robert A. Lentz and Associates, 614-228-2142, for Applied Innovation/
 (AINN)


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

BM-AR -- CL013 -- 8249 11/29/93 11:39 EST
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Publication:PR Newswire
Date:Nov 29, 1993
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