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BOSTON TECHNOLOGY ANNOUNCES RESULTS FOR FISCAL 1993

 WAKEFIELD, Mass., March 17 /PRNewswire/ -- Boston Technology, Inc. (NASDAQ: BSTN) announced today revenues of $49,451,000 for the fiscal year ended Jan. 31, 1993, a 36 percent increase over revenues of $36,397,000 reported for the preceding fiscal year. The company reported net income of $3,070,000, or 13 cents per share, compared to a net loss of $2,379,000, or 11 cents per share, in fiscal 1992.
 For the quarter ended Jan. 31, 1993, the company reported revenues of $15,995,000, a 20 percent increase over third quarter revenues of $13,274,000, and a 93 percent increase over revenues of $8,271,000 for the corresponding quarter in fiscal year 1992. Net income for the quarter ended Jan. 31, 1993 was $1,167,000, or five cents per share, compared to third quarter net income of $1,061,000, also five cents per share, and a loss of $180,000, or 1 cent per share, for the quarter ended Jan. 31, 1992.
 Fourth quarter revenues include Boston Technology's first significant international sales. In this quarter, approximately 50 percent of Boston Technology's revenues came from customers in Asia. Gross margin for the fourth quarter was 63 percent, slightly lower than the 65 percent margin reported for the year, due to initial costs associated with the company's entry into the Asian market, partially offset by favorable inventory adjustments. These start-up costs will also benefit the company's future international shipments. Net income for the quarter also benefited from a reduction in the tax rate due to the utilization of research and development tax credits. The company's liquidity continues to improve with cash, cash equivalents, and investments totaling $13.2 million at Jan. 31, 1993, an increase of 93 percent over $6.8 million at Jan. 31, 1992.
 Gregory C. Carr, Boston Technology's chairman commented, "We worked to expand our customer base both domestically and internationally in fiscal 1993 and succeeded in establishing several new accounts, including NTT DoCoMo in Japan, Telesp in Brazil, and Rochester Telephone in New York. In addition, we significantly expanded our product lines to enable our customers to offer more sophisticated services to larger subscriber bases. Our customers continue to report that enhanced services are very widely accepted in their residential, business and cellular markets."
 Carr continued, "We are particularly excited about the potential of the international markets for these services. Analysts project that the worldwide market for central office-based voice messaging may be well above $1 billion by 1996. We believe that we have positioned Boston Technology well to take advantage of this tremendous growth through our partnerships with distributors and marketing organizations abroad and through our successes with our telephone company customers in the United States."
 Based in Wakefield, Mass., 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
 For The Three Months For The Nine Months
 Ended Jan. 31, Ended Jan. 31,
 1993 1992 1993 1992
 Revenues $15,995,000 $8,271,000 $49,451,000 $36,397,000
 Costs and expenses:
 Cost of revenues 5,881,000 1,801,000 17,246,000 13,354,000
 Research &
 development 3,132,000 2,824,000 10,338,000 11,665,000
 Marketing, general &
 administrative 5,800,000 4,317,000 18,160,000 14,722,000
 Total 14,813,000 8,942,000 45,744,000 39,741,000
 Income (loss)
 from operations 1,182,000 (671,000) 3,707,000 (3,344,000)
 Interest income, net 71,000 255,000 290,000 729,000
 Income (loss) before
 provision for
 (benefit from)
 income taxes 1,253,000 (416,000) 3,997,000 (2,615,000)
 Provision for
 (benefit from) income
 taxes 86,000 (236,000) 927,000 (236,000)
 Net income (loss) $1,167,000 $(180,000) 3,070,000 $(2,379,000)
 Net income per share 5 cents (1 cent) 13 cents (11 cents)
 Weighted average number
 of common and common
 equivalent shares
 outstanding 25,034,000 22,581,000 23,475,000 22,505,000
 -0- 3/17/93
 /CONTACT: Katherine Raphaelson, director of investor and public relations of Boston Technology, 617-246-9000 ext. 3504/
 (BSTN)


CO: Boston Technology, Inc. ST: Massachusetts IN: CPR TLS SU: ERN

DH -- NE004 -- 6914 03/17/93 09:27 EST
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Date:Mar 17, 1993
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