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EXCALIBUR TECHNOLOGIES FILES A REGISTRATION STATEMENT FOR PROPOSED OFFERING

 EXCALIBUR TECHNOLOGIES FILES A REGISTRATION
 STATEMENT FOR PROPOSED OFFERING
 MCLEAN, Va., May 13 /PRNewswire/ -- Excalibur Technologies Corporation (NASDAQ: EXCA) announced today that it has filed a registration statement for a proposed public offering of 1,500,000 shares of its common stock to be underwritten by Allen & Company Incorporated.
 Excalibur will use the proceeds to expand marketing and distribution of its software products in the United States and abroad, to enhance its ongoing research and development programs and for additional general corporate purposes.
 Excalibur Technologies Corporation develops and sells document imaging applications for client-server and other open environments, focusing on Fortune 500 companies and other large institutional users. Excalibur's products employ adaptive pattern recognition technology, which allows users to store and retrieve information based on its content. Pattern recognition provides high-speed, accurate and flexible access to many information formats, including text, image and signal.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 5/13/92
 /CONTACT: Douglas R. Johnson of Excalibur Technologies, 703-790-2110/
 (EXCA) CO: Excalibur Technologies Corporation ST: Virginia IN: SU: OFR


SM-OS -- NY097 -- 9867 05/13/92 16:05 EDT
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Publication:PR Newswire
Date:May 13, 1992
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