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AUDIOSCIENCE, INC. REPORTS THIRD QUARTER RESULTS

 MINNETONKA, Minn., Oct. 27 /PRNewswire/ -- AudioScience, Inc. (NASDAQ: AUDS) today reported its results for the third quarter ended Sept. 30, 1993. Net sales for the three-month period ended Sept. 30, 1993 were $182,623 and were $377,485 for the nine-month period ended Sept. 30, 1993 compared to $2,390 for the same periods in 1992.
 The company experienced a third quarter net loss of $864,256 and a nine-month net loss of $2,430,438 in the periods ended Sept. 30, 1993 compared to a $540,368 net loss in the third quarter of 1992 and a $1,723,557 net loss in the first nine months of 1992.
 AudioScience, Inc. has designed, developed, manufactures and markets technologically advanced hearing instrument systems under the PRIZM(R) Hearing System trademark.
 The AudioScience PRIZM Hearing System consists of a multi- environment, dual channel hearing instrument and a dual purpose remote control. For the user, the remote control provides the capability of adjusting the hearing instrument according to his or her individual listening needs and allows the selection of up to ten custom settings. For the dispensing professional, the remote control becomes the programming tool for customizing the hearing system when a special programming key is inserted.
 The AudioScience mission is to be the technology leader in the development of medical devices for audiology, otolaryngology and the hearing healthcare market.
 AUDIOSCIENCE, INC.
 THIRD QUARTER ENDED SEPT. 30, 1993
 Three month period ended Nine month period ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Net sales $182,623 $2,390 $377,485 $2,390
 Net loss ($864,256) ($540,368) ($2,430,438) ($1,723,557)
 Net loss
 per share ($.24) ($.15) ($.67) ($.47)
 Weighted Avg.
 # shares out-
 standing 3,656,396 3,653,401 3,654,410 3,653,401
 -0- 10/27/93
 /CONTACT: Douglas Jensen, president; or James L. Baustert, CFO; AudioScience, 612-936-0200/
 (AUDS)


CO: AudioScience, Inc. ST: Minnesota IN: MTC SU: ERN

CP-DB -- MN013 -- 7340 10/27/93 13:18 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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