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GSE MULTIMEDIA PROJECTS RECORD EARNINGS AND ANNOUNCES NAME CHANGE

 NEW YORK, Jan. 3 /PRNewswire/ -- GSE Multimedia Technologies, Corp. (formerly GSE Electronic Systems, Inc.) (OTC) today announced expectations of record earnings for 1993, as well as its having effected a change of name.
 The company projects that 1993 net earnings will be approximately $1.75 million on revenues of approximately $8.75 million, compared to last year's loss of roughly $700,000 on sales of $5.4 million. The continuing growth in revenues and rise to profitability is attributed by GSE to its multimedia software and video peripheral hardware. Together, these products enable the linking of VCRs to computers through the use of a unit commonly known as the PC-VCR. GSE's partnerships to market the software and hardware through Mitsubishi Europe, Blaupunkt, Grundig and Siemens have proven highly successful, with results exceeding company projections.
 The company's continued success in the area of multimedia -- coming on the heels of its steady growth to European preeminence in the manufacture of video editors and related video peripheral equipment -- has led to the decision by the board of directors to change the name of the company to GSE Multimedia Technologies, Corp. Commenting on the name change, Peter Roggendorf, the company's president, stated, "True multimedia requires the integration of a video source with computer interactivity. GSE's patented RAPID(TM) timecode enables standard VHS and S-VHS tape to become the video input source of a multimedia system utilizing the PC-VCR. Incorporating Multimedia Technologies into our company's name reflects our commitment to focus our resources on bringing multimedia to the everyday consumer."
 GSE is a leading manufacturer of consumer and semiprofessional video peripheral equipment. Its principal offices are located in Mainz, Germany. In addition to its PC-based software and hardware, GSE produces video editing, mixing and color-enhancing equipment such as the MPE-200SX Multi-Production Editor -- again awarded "Best Editor of the Year" honors -- a unit which incorporates the company's patented GSE-RAPID(TM) timecode technology.
 -0- 1/3/94
 /CONTACT: Eric Gebaide, shareholder relations of GSE Multimedia Technologies, Corp., 212-308-2243/


CO: GSE Multimedia Technologies, Corp. ST: New York IN: CPR SU: ERP

JG-CK -- NY043 -- 8545 01/03/94 14:17 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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