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BI REPORTS SECOND QUARTER RESULTS

 BOULDER, Colo., Jan. 19 /PRNewswire/ -- BI Inc. (NASDAQ-NMS: BIAC), the industry leader in electronically monitored systems for corrections, today announced results for its second fiscal quarter, ended Dec. 31, 1992.
 The company's revenue was $6,349,000, up 37 percent from $4,626,000 for the like period a year ago. The company reported quarterly earnings of $556,000 or 8 cents per share on 7,303,000 weighted average common and common equivalent shares outstanding; as compared with net income of $250,000 or 4 cents per share on 5,907,000 weighted average common and common equivalent shares outstanding at Dec. 31, 1991.
 In the first half of BI's fiscal year 1993, ended Dec. 31, 1992, revenues totaled $13,152,000, compared with fiscal 1992 first half revenues of $7,048,000. BI reported net income of $1,212,000 for its first half of fiscal 1993, or 17 cents per share, compared with a loss of $124,000 for its first half of fiscal 1992, or 2 cents per share.
 David J. Hunter, BI's president and chief executive officer, said, "Though the signs of recession are still present in our market we believe we see a light at the end of the tunnel. We are heartened by the progress the company is making and are bullish on the future."
 BI INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENT OF OPERATIONS
 (in thousands, except per share amounts)
 (unaudited)
 For the Three For the Six
 Months Ended Months Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Revenues
 Net sales $3,513 $3,000 $7,308 $3,975
 Service and monitoring
 income 2,666 1,364 5,422 2,571
 Rental income 131 130 327 223
 Interest income 28 119 74 253
 Other income 11 13 21 26
 6,349 4,626 13,152 7,048
 Costs and expenses
 Cost of net sales 1,704 1,502 3,347 1,912
 Cost of service and
 monitoring income 1,317 609 2,794 1,137
 Cost of rental income 50 50 125 111
 Selling, general and
 administrative expenses 1,830 1,660 3,771 3,082
 Amortization and
 depreciation 361 169 711 310
 Research and
 development expenses 305 386 680 620
 5,567 4,376 11,428 7,172
 Income before income
 taxes and extraordinary
 item 782 250 1,724 (124)
 Income tax provision (312) --- (679) ---
 Income before extra-
 ordinary item 470 250 1,045 (124)
 Extraordinary item --
 tax benefit resulting
 from utilization of
 operating loss
 carryforwards 86 --- 167 ---
 Net income $556 $250 $1,212 ($124)
 Income per common and
 common equivalent share:
 Income before extra-
 ordinary item $.07 $.04 $.15 ($.02)
 Extraordinary item .01 --- .02 ---
 Net income (loss) $.08 $.04 $.17 ($.02)
 Weighted average number
 of common and common
 equivalent shares
 outstanding 7,303 5,907 7,265 5,721
 -0- 1/19/93
 /CONTACT: Joanna Manley of BI, 303-530-2911/
 (BIAC)


CO: BI Inc. ST: Colorado IN: CPR SU: ERN

MC -- DV002 -- 6197 01/19/93 10:01 EST
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Date:Jan 19, 1993
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