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COGNITRONICS STATEMENT ON SHARP DROP IN SHARE PRICE

 COGNITRONICS STATEMENT ON SHARP DROP IN SHARE PRICE
 STAMFORD, Conn., Oct. 29 /PRNewswire/ -- Cognitronics Corporation


(AMEX: CGN), the voice processing equipment maker, today said it knew of no reason for the recent sharp drop in its share price.
 Matthew J. Flanigan, president and chief executive officer of Cognitronics, said:
 "We know of no reason for the sharp decrease in our share price to yesterday's closing price of $11-3/4 from the $14 range where it had been over the last week.
 "Our prospects are very strong:
 - Last Thursday we announced a $2.6 million acquisition of Dacon
 Electronics Plc. This will open new markets in Europe and add
 a line of incoming call management products to our product
 line;
 - Our 1992 third net income, which we reported last Friday, rose
 almost 300 percent to $.11 per share from $.03 per share on a
 revenue rise of 14 percent;
 - Our 1992 nine month net income increased 150 percent to $.46
 per share from $.18 per share on a 22 percent rise in revenue."
 Cognitronics is a leading manufacturer and supplier of voice processing equipment, including telephone network announcement products and interactive voice response (IVR) systems, to telephone operating companies, original equipment manufacturers and commercial end-users. Cognitronics also manufacturers precision machined parts and electromechanical assemblies.
 -0- 10/29/92
 /CONTACT: Harold F. Mayer, V.P. of Cognitronics Corporation, 203-327-5307/
 (CGN) CO: Cognitronics Corporation ST: Connecticut IN: TLS SU:


LR -- NY034 -- 6513 10/29/92 11:02 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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