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COGNITRONICS' STATEMENT ON LAWSUITS

 STAMFORD, Conn. March 26 /PRNewswire/ -- Cognitronics Corporation (AMEX: CGN) today released the following statement regarding certain class action lawsuits filed last week:
 "During the week of March 15, 1993, purported class action lawsuits were filed against the Company and certain of its officers alleging securities law violations in connection with the purchase of the Company's common stock by members of the purported classes during certain specific periods ending between March 10 and March 12, 1993. The plaintiffs seek unspecified damages and related costs.
 "The company denies any wrongdoing and intends to defend the lawsuits vigorously."
 -0- 3/26/93
 /CONTACT: Harold Mayer, vice president of Cognitronics Corporation, 203-327-5307/
 (CGN)


CO: Cognitronics Corporation ST: Connecticut IN: TLS SU:

LR -- NY042 -- 0123 03/26/93 15:37 EST
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Publication:PR Newswire
Date:Mar 26, 1993
Words:126
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