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DIAGNON CORPORATION ISSUES REPORT FOR FISCAL YEAR ENDED MAY 31, 1992

DIAGNON CORPORATION ISSUES REPORT FOR FISCAL YEAR ENDED MAY 31, 1992
 ROCKVILLE, Md., Aug. 31 /PRNewswire/ -- Diagnon Corporation reported results for its fiscal year ended May 31, 1992:
 Fiscal Year Ended May 31,
 1992 1991
 Revenues $ 8,267,940 $ 5,084,516
 Income before income tax 317,836 218,285
 Income before cumulative
 effect of change in accounting 162,336 194,451
 Cumulative effect of change
 in accounting $ 1,224,000 $ --
 Net income $ 1,386,336 $ 194,451
 Earnings per share before
 cumulative effect of change
 in accounting $ .03 $ .03
 Cumulative effect of change in
 accounting per share $ .23 $ --
 Net earnings per share $ .26 $ .03
 Weighted average number of
 shares outstanding 5,398,244 5,781,822
 During the fourth quarter of 1992, and effective June 1, 1991, the company adopted SFAS No. 190, "Accounting for Income Taxes." The change recognizes the value of the company's deferred tax assets.
 Diagnon's common stock is carried on the OTC Bulletin Board under the symbol 3DIGN.
 -0- 8/31/92
 /CONTACT: Michael P. O'Flaherty, corporate secretary, Diagnon Corporation, 301-251-2801/
 (3DIGN) CO: Diagnon Corporation ST: Maryland IN: CPR SU: ERN


DS -- DC001 -- 4803 08/31/92 08:48 EDT
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Date:Aug 31, 1992
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