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AUDIOSCIENCE REPORTS FIRST QUARTER RESULTS

 AUDIOSCIENCE REPORTS FIRST QUARTER RESULTS
 MINNETONKA, Minn., May 21 /PRNewswire/ -- AudioScience, Inc.,


(NASDAQ: AUDS) today reported its results for the fist quarter ended March 31, 1992. The company experienced a net loss for the period of $537,492. The company has had no sales to date and its net loss equals its operating expenses minus interest income. Although operating expenses increased, so did interest income; accordingly net loss for the current quarter was less than for the quarter a year ago. As the company continued its product development program, general and administrative expenses, and sales and marketing expenses decreased in the first quarter compared to the first quarter of 1991 while research and
development expenses increased for the same period. The company expects operating expenses generally to continue to increase during the period of initial product development.
 AudioScience, Inc. is a development stage company which has designed and developed, and intends to manufacture and market, a technologically advanced hearing instrument system under the trademark PRIZM.
 The PRIZM Hearing System consists of a hearing aid and a dual purpose PRIZM Remote control. For the dispenser of hearing aids, the remote control becomes the programming tool for customizing the hearing system. For the user, it provides the ability to adjust the hearing aid according to his or her individual listening needs and allows the selection of any of ten custom settings.
 AUDIOSCIENCE INC.
 Three months ended March 31 1991 1992
 Net loss for the period $(565,083) (537,492)
 Net loss per share (0.26) (0.15)
 -0- 5/21/92
 /CONTACT: Douglas Jensen, president, or James L. Baustert, CFO, 612-936-0200, both of AudioScience/
 (AUDS) CO: AudioScience, Inc. ST: Minnesota IN: SU: ERN


SM-LR -- MN019 -- 3125 05/21/92 18:41 EDT
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Publication:PR Newswire
Date:May 21, 1992
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