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COMPUTONE STEPS UP PRODUCTION OF ITS NEW INTELLIPORT II SUBSYSTEM; SUCCESSFULLY COMPLETES EQUITY FINANCING

 COMPUTONE STEPS UP PRODUCTION OF ITS NEW INTELLIPORT II SUBSYSTEM;
 SUCCESSFULLY COMPLETES EQUITY FINANCING
 ROSWELL, Ga., Jan. 21 /PRNewswire/ -- Computone Corporation (NASDAQ: CTON) today announced it is responding to strong demand by continuing to increase production of IntelliPort II multiport subsystems designed to provide maximum compatibility between various host computers and peripheral devices.
 "This is the most successful new product introduction in our history," said Thomas P. Tanis, Jr., president and chief operating officer of the maker of high performance communications hardware and software products for multiuser computer systems. He added that the company is expecting to report continued growth in revenue and earnings for the third and fourth quarters of its fiscal year, which ends March 31, 1992.
 Tanis noted that Computone successfully completed a private placement of common stock, which produced over $7 million of new capital for the company. In addition, the company negotiated the conversion of $2.0 million short term debt to equity of $2.0 million and obtained debt forgiveness amounting to $1.1 million by retiring certain long term debt.
 Tanis also said, "As a result of these transactions, and the company's third quarter earnings, Computone will now have sufficient net worth to seek listing in the National Market System of NASDAQ. Furthermore, Computone has now regained the financial strength needed to take advantage of the opportunities our technologies have opened to us."
 Computone is a leading developer of multiuser communications solutions and the world's largest manufacturer of intelligent serial input/output subsystems of microcomputers.
 -0- 1/21/92
 /CONTACT: Thomas P. Tanis, Jr., of Computone, 404-475-2725, or Mark Cohen of Cameron Associates, 212-644-9560, for Computone/
 (CTON) CO: Computone Corporation ST: Georgia IN: CPR SU:


TS-SM -- NY039 -- 1730 01/21/92 10:39 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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