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BARRISTER REPORTS THIRD QUARTER RESULTS FOR FY 1993

 BUFFALO, N.Y., Feb. 5 /PRNewswire/ -- Barrister Information Systems Corporation (AMEX: BIS) reported today the results for its fiscal 1993 third quarter. For the quarter ended Dec. 25, 1992, Barrister reported net earnings of $4,000 compared to a net loss of $434,000 for the comparable period last year. For the nine months ended Dec. 25, 1992, the net earnings were $198,000 compared to a net loss of $597,000 for the comparable period last year.
 Total revenues for the quarter declined to $3,756,000 from $3,945,000 for the comparable quarter last year. For the nine month periods ended Dec. 25, 1992 and Dec. 27, 1991, revenues were $11,926,000 and $13,283,000 respectively.
 After taking into account $219,000 of undeclared preferred stock dividends in arrears, a loss of $21,000 was attributable to the common shareholders for the nine month period ended Dec. 25, 1992. On a per share basis the net loss amounted to $.01 per share compared to a loss of $.83 per share for the first nine months of the prior year.
 Henry P. Semmelhack, president of Barrister, stated, "We are pleased that the company has operated at a profit for the third consecutive quarter. We continue to lay the foundation for improved growth and profitability through vigorous expense control and initiatives to improve the company's revenues. In the third quarter, the company began active marketing of its Javelan(TM) product, the first law firm management software package using Microsoft(R) Windows(TM) and using client server architecture. Javelan operates on personal computer networks and is an "open" system. Approximately 40 seminars were conducted in the Northeast in cooperation with Microsoft Corporation and Digital Equipment Corporation. Responses to the product have been very positive resulting in a large number of prospects. The enthusiasm for Javelan is expected to contribute favorably to future revenues and earnings."
 SELECTED FINANCIAL DATA
 (In thousands, except per share data)
 Three Months Ended
 12/25/92 12/27/91
 Revenues $3,756 $3,945
 Net Earnings (Loss) 4 (434)
 Net Loss
 Attributed to Common Shareholders(A) (70) (469)
 Net Loss
 Per Common Share $ (.03) $ (.44)
 Average Shares Outstanding 2,487 1,069
 Nine Months Ended
 12/25/92 12/27/91
 Revenues $11,926 $13,283
 Net Earnings (Loss) 198 (597)
 Net Loss
 Attributed to Common Shareholders(A) (21) (658)
 Net Loss
 Per Common Share $ (.01) $ (.83)
 Average Shares Outstanding 2,479 797
 (A) -- Allows for cumulative preferred dividends in arrears.
 Javelan is a trademark and Barrister is a registered trademark and service mark of Barrister Information Systems Corporation.
 Microsoft is a registered trademark and Windows is a trademark of Microsoft Corporation.
 -0- 2/5/93
 /CONTACT: Mark C. Donadio, secretary and general counsel of Barrister Information Systems Corporation, 716-845-5010/
 (BIS)


CO: Barrister Information Systems Corporation ST: New York IN: CPR SU: ERN

KK -- CL018 -- 3629 02/05/93 15:15 EST
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Publication:PR Newswire
Date:Feb 5, 1993
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