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ARTISOFT ANNOUNCES RECORD SALES AND EARNINGS FOR QUARTER ENDED DEC. 31, 1991

 ARTISOFT ANNOUNCES RECORD SALES AND EARNINGS
 FOR QUARTER ENDED DEC. 31, 1991
 TUCSON, Ariz., Jan. 16 /PRNewswire/ -- Sales of Artisoft Inc. (NASDAQ: ASTF), for the second quarter ended Dec. 31, 1991, were $17,030,000, a 79 percent increase from $9,511,000 reported for the same quarter a year ago.
 Net income for the latest quarter was $3,211,000 or 19 cents per common share, according to Jack Schoof, Artisoft's president and chief executive officer. Comparable figures for last year's quarter were $404,000 and 3 cents per share. Schoof said last year's net for the quarter was affected by a $2.6 million expense resulting from the exercise of a stock option by a key employee. The one-time charge amounted to approximately 11 cents per share.
 For the first half of the current fiscal year, sales were $31,513,000 and net income was $5,410,000, up 74 percent and 106 percent respectively from the same period last year.
 The company is increasing its sales efforts in foreign countries, which during the most recent quarter, accounted for approximately 26 percent of sales. In December 1991, Artisoft announced the formation of a subsidiary in Japan which will market and provide technical support for Artisoft products in that country.
 Artisoft, based in Tucson, manufactures a full line of hardware and software for local area networks, including the LANtastic Local Area Network. The company was founded in 1982 and it completed its initial public offering in September 1991. It is traded on the NASDAQ market.
 For more information about Artisoft or its product line, contact Artisoft Inc. at 691 E. River Road, Tucson, AZ 85704. Sales: 800-TINYRAM. Corporate: 602-293-4000. Fax: 602-293-8065.
 ARTISOFT INC.
 Income Statement
 (In thousands except per share amounts)
 Second quarter Second quarter
 1992 1991
 Net sales $17,030 $9,511
 Cost of sales 7,151 3,746
 Gross profit 9,879 5,765
 Selling & Marketing 3,580 1,583
 General & Administrative 907 354
 Research & development 758 297
 Special research compensation --- 2,654
 Operating income 4,634 877
 Other income (expense) 453 (233)
 Earnings before income taxes 5,087 644
 Income taxes 1,876 240
 Net earnings $3,211 $404
 Net earnings per common share $0.19 $0.03
 Average common shares outstanding 17,228 14,015
 ARTISOFT INC.
 Balance Sheet
 (Dec. 31, 1991)
 Assets:
 Current assets
 Cash and equivalents $37,146
 Trade receivables - net 7,504
 Investments 7,534
 Inventories 8,870
 Other current assets 1,411
 Current assets 62,465
 Plant & equipment net of
 accumulated depreciation 4,402
 Other assets 182
 Total $67,049
 Liabilities & Stockholders' equity:
 Current liabilities
 Accounts payable $2,619
 Accrued expenses 1,401
 Other current liabilities 699
 Current liabilities 4,719
 Net stockholders' equity 62,330
 Total $67,049
 -0- 1/16/92
 /CONTACT: Joe Waldygo of Artisoft, 602-293-4000, ext. 3215/
 (ASTF) CO: Artisoft Inc. ST: California IN: CPR SU: ERN


DM-JL -- LA021 -- 0676 01/16/92 16:03 EST
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Date:Jan 16, 1992
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