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CMS/DATA CORPORATION ANNOUNCES RESULTS

 CMS/DATA CORPORATION ANNOUNCES RESULTS
 TALLAHASSEE, Fla., May 15 /PRNewswire/ -- CMS/DATA Corporation


(NASDAQ: LAWR) today reported operating results for the third quarter and nine-month period ended March 31, 1992. The figures reported below include the results of the company's subsidiaries, CompInfo, Inc. and Canterbury Systems Corp.
 For the three months ended March 31, 1992 revenues were $3,166,400 compared to $3,434,500 for the same period last year. Revenues for the nine months ended March 31, 1992 were $10,369,100 compared to $9,488,200 for the same period last year. The net loss for the three months ended March 31, 1992 was $224,600 compared to earnings of $102,000 for the period ended March 31, 1991. The net loss for the nine-month period ending March 31, 1992 was $383,400 compared to net income of $345,400 for the nine-month period ending March 31, 1991. There was a loss per share of $0.06 for the three months ended March 31, 1992 on 3,859,000 weighted average shares outstanding, compared to earnings per share of $0.03 on 3,608,000 weighted average shares outstanding for the same period last year. There was a loss per share of $0.10 on 3,859,000 weighted average shares outstanding for the nine months ended March 31, 1992 compared to earnings per share of $0.10 on 3,303,900 weighted average shares outstanding for the same period last year.
 Overall, company revenues increased year-to-date by 9.3 percent. Revenues, not including hardware sales, have increased year-to-date 27.7 percent due to the strong performance of PC DOCS(R) and other application software, together with incremental service revenues from a growing client base. The decline in new system sales resulting from delays in purchase decisions as the recession continues and lower hardware prices in the industry have directly impacted the overall revenues for the third quarter and nine months ending March 31, 1992. The company's loss, year-to-date, reflects increases in selling, general and administrative expenses attributable to expansion which have not been absorbed by projected increases in revenues. The company and its subsidiaries, while taking steps to decrease expenses through the implementation of cost reduction programs, are ensuring that long-term goals are not sacrificed and continue their policy of enhancing their current software products and developing new products to strengthen their positions as leading vendors of computer systems and software applications to the legal industry.
 During the fourth quarter, Canterbury released a beta version of a marketing analysis tool which centrally tracks all information for an organization's clients and prospective clients. Another Canterbury product being released for beta testing is DOCUDRAFT(R), a document assembly tool that automates the production of documents. In addition to its document assembly features, it has the unique ability to tie in to a variety of third party databases including Clipper(R) and dBase(R). This database information can be inserted into documents, as well as used to create export files for popular PC products, such as spreadsheets, desktop publishing and presentation graphics. Both products are not limited to the legal industry and can be of great benefit in any business environment.
 In December 1991, CompInfo released their network-based CORPORATE LAWPACK(R) product, an advanced DOS-based case management system.
 CMS designs, markets, installs, supports and integrates systems for the legal profession. The company's primary software product, CLO 2(R) is now available on Data General's line of AViiON(TM) computers, the IBM(R) series of RS/6000(TM) machines running under AIX(R), the Digital Equipment Corporation (DEC(TM)) ULTRIX(R)-based computers, the Hewlett-Packard HP9000 Series 800 systems under the HP/UX(R) operating system, as well as machines based on the Intel(R) 386 and 486 chips running under the SCO UNIX(R) operating system.
 The company's PC DOCS(R) (Document Organization and Control System), developed to manage any DOS-based files on Novell(R) networks, is marketed and sold directly through the company's national sales organization and distributed through a dealer network throughout the United States and Canada. The past year has seen PC DOCS(R) win two awards. The PC Magazine Editor's Choice award for Document Management Software (December Issue) describes PC DOCS(R) as "Offering the best blend of functionality, ease of use, speed and security," in document management products. As well, WordPerfect(R) honored PC DOCS(R) with its Reader's Choice award for Document Management Software (May issue). PC DOCS(R) is licensed on over 16,000 workstations in corporations, government agencies and institutions as well as in over 200 law firms. With over 250 dealers in place, in the United States, Canada, the United Kingdom, Hong Kong and Australia, PC DOCS(R) is poised for strong growth.
 CompInfo, a New York-based corporation, having among its client base, Fortune 500 companies, as well as a substantial representation of large law firms, is one of the leading corporate legal software vendors with products for case management, docket control, tracking outside counsel expenses, time recording, departmental chargeback, file room and corporate secretary.
 Canterbury, a Toronto-based company, is a leading Canadian vendor of office and practice management software to the legal industry. Canterbury's system is a full-featured management package including time recording, billing, accounts receivable, accounts payable and a general ledger. In addition, Canterbury has developed a range of practice management applications which are LAN-based and run on a variety of hardware platform.
 CMS/DATA CORPORATION
 Statements of Operations
 (Unaudited)
 Quarter Ended Nine Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Revenues:
 System sales $1,739,400 $2,518,000 $ 6,484,700 $6,908,700
 Miscellaneous
 sales, services
 and software
 support
 agreements 1,376,100 873,400 3,761,900 2,413,200
 Other revenue 50,900 43,100 122,500 166,300
 Total revenues 3,166,400 3,434,500 10,369,100 9,488,200
 Costs and expenses:
 Costs of sales
 and services 1,620,600 1,308,500 4,245,400 4,073,800
 Software
 development
 costs 163,600 156,000 610,500 398,000
 Selling, general
 and
 administrative 1,560,700 1,665,800 5,570,400 4,186,200
 Depreciation and
 amortization 151,700 142,200 448,900 285,500
 Provision to record
 decline in market
 value of
 investment
 securities 103,900 -- 103,900 --
 Interest 11,200 2,600 17,700 11,900
 Total costs and
 expenses 3,611,700 3,275,100 10,996,800 8,955,400
 (Loss) income
 before income
 taxes (445,300) 159,400 (627,700) 532,800
 Income taxes
 (benefit) (220,700) 57,400 (244,300) 187,400
 Net (loss)
 income ($ 224,600) $ 102,000 ($ 383,400) $ 345,400
 Net (loss)
 income per
 common share ($0.06) $0.03 ($0.10) $0.10
 Weighted average
 shares and share
 equivalents 3,859,000 3,608,000 3,859,000 3,303,900
 -0- 5/15/92
 /CONTACT: Rubin I. Osten, chairman and CEO of CMS/DATA Corporation, 904-878-5155/
 (LAWR) CO: CMS/DATA Corporation ST: Florida IN: CPR SU: ERN


JB-AW -- FL009 -- 0710 05/15/92 11:45 EDT
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