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ARTISOFT INC. ANNOUNCES LETTER OF INTENT WITH PERFORMANCE TECHNOLOGY INC. FOR ACQUISITION AND MERGER

 ARTISOFT INC. ANNOUNCES LETTER OF INTENT
 WITH PERFORMANCE TECHNOLOGY INC. FOR ACQUISITION AND MERGER
 TUCSON, Ariz., April 20 /PRNewswire/ -- Artisoft Inc., the Tucson- based developer and manufacturer of the award-winning LANtastic Local Area Network, today announced that it has signed a letter of intent with Performance Technology Inc. to acquire Performance Technology in a statutory merger. Performance Technology will be maintained as a wholly owned subsidiary of Artisoft. Under the terms of the letter of intent, the shareholders and stock option holders of Performance Technology will receive 300,000 shares of Artisoft common stock in exchange for their interest in Performance Technology.
 Performance Technology, a San Antonio, privately held company, is the developer and manufacturer of such award-winning networking products as POWERfusion, linking PCs to UNIX processors, POWERsave, an archival system for networks and POWERLan(R), which provides PC networking compliant with IBM(R) and Microsoft(R) networking products, as well as X/Open and OSF/DCE SMB recommendations. Performance Technology's POWERbridge is used worldwide to provide wide area networking for NetBIOS LANs such as the Microsoft LAN Manager and IBM LAN Server as well as POWERLan and LANtastic(R) networks.
 Artisoft develops and manufactures a full line of hardware and software for local area networks including the LANtastic Local Area Network. The LANtastic network is recognized as the leading DOS-based peer-to-peer network and has won more than 20 major industry awards for its cost-effective features, performance and ease of use. It allows up to 300 users of IBM-compatible computers to connect and share information and peripheral devices such as printers, hard drives and CD-ROMs.
 Performance Technology's POWERfusion DOS to UNIX connectivity received PC magazine's Editors' Choice award in 1991 and Best of LAN Times 1992 award. POWERLan and LANtastic are co-winners of the PC Magazine Editors' Choice Award for both 1991 and 1992. POWERLan also received the BYTE magazine Award of Distinction for 1991. POWERsave received LAN Times' Recommended for Networking Award in 1991.
 The consummation of the transaction is subject to approval by the board of directors of Artisoft as well as the board of directors and shareholders of Performance Technology and other conditions.
 For more information about Artisoft or its product line, contact Artisoft Inc. at 691 E. River Road, Tucson AZ 85704. Sales: 800-TINY-RAM; fax: 602-293-8065; corporate: 602-293-4000.
 -0- 4/20/92
 /CONTACT: Joe Waldygo, 602-690-3215, or Bob Fitzpatrick, 602-690-3558, both of Artisoft/ CO: Artisoft Inc.; Performance Technology Inc. ST: Arizona, Texas IN: CPR SU: TNM


KJ-JL -- LA026 -- 0202 04/20/92 16:02 EDT
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Date:Apr 20, 1992
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