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COMPUTONE ANNOUNCES RECORD REVENUES AND EARNINGS FOR THE THIRD QUARTER ENDED DEC. 31, 1991

 COMPUTONE ANNOUNCES RECORD REVENUES AND EARNINGS
 FOR THE THIRD QUARTER ENDED DEC. 31, 1991
 ROSWELL, Ga., Feb. 4 /PRNewswire/ -- Computone Corporation (NASDAQ: CTON) today announced that net revenues from continuing operations for the three months ended Dec. 31, 1991, increased 73 percent to $6,933,000 compared to $3,991,000 for the same period last year.
 The company reported after-tax earnings from continuing operations for the third quarter of $455,000 or 6 cents per share compared to a net loss of $65,000 or 1 cent per share for the same period last year.
 Comparing Computone Corporation's most recent fiscal quarter ended Dec. 31 and that ended Sept. 30, revenues increased 13 percent quarter- to-quarter while after-tax earnings advanced 40 percent. According to the company's president, Thomas P. Tanis Jr., "The company expects progressive financial results in the company's current fourth fiscal quarter ending March 31, 1992, and for the forthcoming fiscal year."
 For the nine months ended Dec. 31, 1991, net revenues from continuing operations were $18,841,000 with after-tax earnings of $891,000. These results compared to net revenues of $14,818,000 from continuing operations and net income of $53,000 for the nine months ended Dec. 31, 1990.
 Tanis indicated that "Computone's liquidity and working capital positions have been materially enhanced through continued earnings, the recent infusion of new equity capital and conversion of debt to equity."
 Tanis further stated, "Computone is now demonstrating success in growth of relative market share both in the U.S. and international markets, particularly in Europe. With our enhanced product line offering and substantially improved capital base, Computone will continue to expand its leadership role in the world market for Unix- based connectivity solutions."
 Computone is a leader in the design, manufacturing and marketing of high performance, multi-user hardware and software products, including serial I/O sub-systems, multiple protocol adapters, SNA and LAN networking software solutions, and facsimile technology for RISC-based workstations and Intel architecture personal computers running UNIX and other multi-user operating systems.
 COMPUTONE CORPORATION
 Consolidated Statements of Operations From Continuing Operations
 (Unaudited, in thousands)
 Periods ended Quarter Nine Months
 Dec. 31 1990 1991 1990 1991
 Revenues $3,991 $6,933 $14,818 $18,841
 Income from operations (65) 744 86 1,456
 Provision for income taxes -- 289 33 565
 Net earnings (65) 455 53 891
 Consolidated Balance Sheets
 (Unaudited, in thousands)
 3/31/91 12/31/91
 Current assets $5,261 $12,043
 Non-current assets 1,953 1,702
 Total 7,214 13,745
 Current liabilities 9,739 8,418
 Long-term debt 7,284 1,491
 Stockholders' equity (9,809) 3,836
 Total 7,214 13,745
 -0- 2/4/92
 /CONTACT: Thomas P. Tanis Jr., president, 404-475-2725, or John McCarthy, 215-964-0652, both of Computone; or Mark Cohen of Cameron Associates, 212-644-9560, for Computone/
 (CTON) CO: Computone Corporation ST: Georgia IN: CPR SU: ERN


GK-CK -- NY045 -- 6658 02/04/92 11:42 EST
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Date:Feb 4, 1992
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