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IMMEDIA INFOMATIC ENDS FISCAL 1993 WITH 83 PERCENT GROWTH; 4TH QUARTER RESULTS SHOW DRAMATIC INCREASE OVER SAME PERIOD LAST YEAR

 MONTREAL, Dec. 1 /PRNewswire/ -- Immedia Infomatic Corporation (Montreal: IFM) today announced fourth quarter and fiscal 1993 financial results. For the fiscal year which ended Aug. 31, 1993, the Company reported $2,800,192 in consolidated revenue, representing an increase of
83 percent over fiscal 1992. Fourth quarter numbers were equally strong at $1,200,807 in revenue, a record 294 percent over the same period last year. These results include $701,890 in revenue from MPACT EDI System Inc.
 Strong revenue growth, combined with only modest expense growth, helped to reduce the 1993 operating loss by 40 percent over 1992, resulting in an operating loss per share of $(.05) compared to $(.09) the year before. The net loss per share stands at $(.50) primarily due to an increase in amortization expense and the onetime restructuring charge $(.25) associated with the acquisition of a subsidiary.
 Of particular significance in this year's results, is the acquisition of MPACT EDI Systems, Inc., of Livonia, Mich., effective June 30, 1993. At that time, the Company implemented a restructuring program that was completed with no loss of sales momentum. In recognition of the successful completion of this merger, Immedia Infomatic has changed its name to MPACT Immedia Corporation and now operates as one company. To effect the transaction, the company issued 2.64 million Special Warrants to purchase shares of common stock, raising $6,600,000. Finalized in mid-November, these Special Warrants provide working capital for the merged company, significantly strengthening its cash position.
 According to W. Brian Edwards, President and Chief Executive Officer, "The Electronic Commerce (EC) market presents tremendous opportunities for growth in the 1990s and, as a result of this merger, MPACT Immedia is positioned for significant growth as well. It increases our EDI capabilities, strengthens our management team, improves our product distribution channels, and provides a closer relationship with Tandem Computers Incorporated of Cupertino, Calif."
 In addition to impressive revenue growth in fiscal 1993, MPACT Immedia's customer base grew 29 percent, totaling 177 in 1993 compared to 137 in 1992. The network services product line achieved its fourth consecutive year of record transaction volume, up 38 percent over last year, and individual network users increased 109 percent during the same period. Edwards expects this momentum to continue and added, " Not only do we find ourselves with excellent market potential, but the merger has also resulted in an extremely strong management team whose experience and skill are key to our growth and success."
 MPACT Immedia provides worldwide Electronic Commerce software and services to a variety of industries. It is one of the few companies in the world capable of providing all the components of a complete EC environment -- software, network services and integration services. MPACT Immedia is a public company and maintains offices in the United States and Canada.
 IMMEDIA INFOMATIC CORPORATION
 CONSOLIDATED STATEMENTS OF INCOME
 For the years ended Aug. 31
 1993 1992
 Revenue
 Network Services $2,098,302 $1,531,605
 Software 290,124 0
 Integration and Services 411,766 0
 --------------------------------------
 Total Revenue $2,800,192 $1,531,605
 Cost & Expenses
 Network Services 625,614 370,917
 Software 122,681 0
 Integration and Other Services 222,989 0
 Selling, General, & Administrative 2,109,195 1,625,335
 ---------------------------------------
 Total Costs & Expenses $3,080,479 $1,996,252
 Operating Income/(loss) (280,287) (464,647)
 Depreciation & Amortization 1,154,953 413,482
 Interest Expense 27,694 19,239
 Interest Income (43,151) (96,149)
 Restructuring Charge 1,477,421 0
 ---------------------------------------
 Net Income/(Loss) ($2,897,204) ($801,219)
 Net Income/(Loss) Per Share (0.50) (0.15)
 CONSOLIDATED BALANCE SHEETS
 At Aug. 31,
 1993 1992
 ASSETS
 Current Assets
 Cash and short term investments $137,392 $317,107
 Cash held in escrow 6,072,000 0
 Trade accounts receivable 1,774,532 274,417
 Other receivables 928,062 1,512,586
 -------------------------------------
 Total current assets 8,911,986 2,104,110
 Fixed assets 875,310 264,933
 Capitalized software development
 costs 8,274,725 0
 Other assets 1,660,229 1,709,696
 --------------------------------------
 Total assets $19,722,250 $4,078,739
 LIABILITIES AND SHAREHOLDER'S EQUITY
 Liabilities
 Accounts payable $440,794 $130,001
 Other payables 4,748,227 0
 Accrued liabilities 1,941,119 317,758
 Deferred revenue 544,892 0
 Current portion of capital
 lease obligation 156,914 69,540
 Total current liabilities 7,831,946 517,299
 Long term portion of capital
 lease obligations 116,305 81,961
 -------------------------------------------
 Shareholder's equity
 Capital stock 18,167,555 6,948,631
 Accumulated deficit (6,393,556) (3,469,152)
 Total shareholder's equity 11,773,999 3,479,479
 ----------------------------------------------
 Total liabilities and
 shareholder's equity $19,722,250 $4,078,739
 -0- 12/1/93
 /CONTACT: Phillip J. Sweatman, vice president, Finance, and chief financial officer, of Immedia Infomatic Corporation, 313-462-2244/
 (IFM.)


CO: Immedia Infomatic Corporation ST: Quebec, Michigan IN: CPR SU: ERN

SM -- DE004 -- 9106 12/01/93 09:16 EST
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Date:Dec 1, 1993
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