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BOSTON TECHNOLOGY ANNOUNCES RESULTS FOR FISCAL 1992

 BOSTON TECHNOLOGY ANNOUNCES RESULTS FOR FISCAL 1992
 WAKEFIELD, Mass., March 16 /PRNewswire/ -- Boston Technology, Inc. (NASDAQ: BSTN) announced today revenues of $36,397,000 for the fiscal year ended Jan. 31, 1992, compared to $37,855,000 reported for the preceding fiscal year. The company reported a net loss of $2,379,000, or 11 cents per share, compared to net income of $1,487,000, or 7 cents per share, in fiscal 1991.
 For the quarter ended Jan. 31, 1992, the company reported revenues of $8,271,000, a 17 percent increase over third quarter revenues of $7,087,000 and down 30 percent from revenues of $11,830,000 for the corresponding quarter in fiscal year 1991. Net loss for the quarter ended Jan. 31, 1992 was $180,000, or 1 cent per share, compared to a third quarter loss of $2,335,000, and net income of $1,433,000, or 6 cents per share, for the quarter ended Jan. 31, 1991.
 The loss reported for fiscal 1992 includes several non-recurring expenses amounting to approximately $1.4 million of which $900,000 was recorded in the fourth quarter. These pre-tax charges include expenses related to the company's recent reorganization which is expected to reduce future operating expenses. They also include lease costs accrued on the company's former headquarters in Cambridge. In addition, the fourth quarter also included favorable inventory adjustments of $1.4 million.
 "This past year was a transitional year for Boston Technology," said Greg Carr, the company's chief executive officer. "We announced several important new products, including additional application software, custom software developments and a hardware platform with functionality that we believe will be attractive to large corporate accounts. We launched our international activities with the creation of a subsidiary, Boston Technology International, which is aggressively pursuing international business development. We reduced future operating expenses through the above-mentioned reorganization. In addition, we added to the senior management ranks, including the hiring of David Gergacz as president and chief operating officer. We expect that these changes will help us to continue to grow our business in the coming months and years."
 Carr continued, "We are also pleased that opportunities with our core customers, the Regional Bell Operating Companies, continue to expand. We estimate that more than 500,000 families are subscribing to residential voice mail on Boston Technology platforms nationally right now. While this is a large number, it represents a small portion of the potential United States market for residential call answering."
 Based in Wakefield, Boston Technology develops, manufactures, markets and supports enhanced voice processing platforms for Regional Bell Operating Companies, independent telephone companies, long distance providers, cellular and international telecommunications companies.
 BOSTON TECHNOLOGY, INC.
 Financial Results
 (Unaudited)
 For the three months For the 12 months
 ended Jan. 31, ended Jan. 31,
 1992 1991 1992 1991
 Revenues $8,271,000 $11,830,000 $36,397,000 $37,855,000
 Costs and expenses:
 Cost of revenues 1,801,000 4,442,000 13,354,000 16,577,000
 Research and
 development 2,824,000 2,160,000 11,665,000 7,568,000
 Marketing, general,
 & administrative 4,317,000 3,250,000 14,722,000 12,054,000
 Total 8,942,000 9,852,000 39,741,000 36,199,000
 Income (loss) from
 operations (671,000) 1,978,000 (3,344,000) 1,656,000
 Interest income, net 255,000 52,000 729,000 458,000
 Income (loss) before
 provision for
 (benefit from)
 income taxes (416,000) 2,030,000 (2,615,000) 2,114,000
 Provision for (benefit
 from) income taxes (236,000) 597,000 (236,000) 627,000
 Net income (loss) (180,000)a 1,433,000 (2,379,000)b 1,487,000
 Net income (loss)
 per share (1 cent) 6 cents (11 cents) 7 cents
 Weighted average number
 of common and common
 equivalent shares
 outstanding 22,581,000 22,404,000 22,505,000 22,798,000
 ---
 NOTES:
 (a)-The fourth quarter includes approximately $900,000 of pre-tax charges related to the company's reorganization and lease termination, offset by favorable inventory adjustments of $1.4 million.
 (b)-The fiscal year includes pre-tax charges amounting to approximately $1.4 million related to the company's reorganization and lease termination.
 -0- 3/16/92
 /CONTACT: Katherine Raphaelson, director, investor and public relations, of Boston Technology, 617-246-9000, ext. 3504/
 (BSTN) CO: Boston Technology, Inc. ST: Massachusetts IN: TLS SU: ERN


EG-SH -- NE007 -- 8185 03/16/92 09:57 EST
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Date:Mar 16, 1992
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