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FISHER BUSINESS SYSTEMS ANNOUNCES RECORD FIRST QUARTER PROFIT

 ATLANTA, June 16 /PRNewswire/ -- Fisher Business Systems, Inc. (NASDAQ: FBUS) announced today its financial results for the first quarter ended April 30.
 Revenues for the quarter were $1,828,124 as compared to $3,299,158 for the first quarter of the previous year. The company reported a record profit of $488,914 ($0.16 per share), as compared to the previous year's first quarter profit of $183,978 ($0.04 per share).
 Jim Lyon, president and CEO of Fisher, said: "As projected, our record first quarter profit was the result of our acquisition of Blue Mountain software, demand for our second generation Restaurant Management System and our planned decrease in low margin hardware business. We have established ourselves as a profitable software services company and we expect the second quarter results to continue to reflect higher margins."
 On May 24, it was announced that Fisher had reached an agreement in principle to be acquired by UNIQUEST of Jacksonville, Fla., via an exchange of stock. It is anticipated that a definitive agreement will be concluded by the end of June 1993.
 Fisher designs, develops and markets information management solutions to large restaurant chains and other Fortune 1,000 companies. For more information, contact Jim Lyon, President and Chief Executive Officer (404-578-1771), 3939 Roswell Road, Suite 300, Marietta, GA 30062.
 -0- 6/16/93
 /CONTACT: Jim Lyon, president and chief executive officer of Fisher Business Systems, 404-578-1771/
 (FBUS)


CO: Fisher Business Systems, Inc. ST: Georgia IN: SU: ERN

BR-BN -- AT004 -- 2611 06/16/93 12:28 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
Words:256
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