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JETFORM COMPLETES PRIVATE PLACEMENT OF 1,350,000 COMMON SHARES

 WALTHAM, Mass., Jan. 6 /PRNewswire/ -- JetForm Corporation (NASDAQ: FORMF) announced today that it has completed a private placement of 1,350,000 common shares of JetForm to qualified investors in Canada and the United Kingdom. Richardson Greenshields of Canada Limited acted as agent of JetForm to complete the sale. The price of the shares sold was U.S. $10.67. The shares sold consisted of 900,000 treasury shares and 450,000 shares sold by company managers and directors. The common shares offered have not been registered under the United States Securities Act of 1933.
 "We are pleased by the confidence the investment community has shown in JetForm," said Abe Ostrovsky, JetForm's president and CEO. "JetForm will use the over $9,000,000 generated from the sale of these shares for three main purposes; to further expand the product development and the product marketing efforts on our high-end JetForm family of Enterprise-Wide Forms Solutions, to take advantage of new marketing opportunities that have been generated by our new, patent pending, small office/home office (SOHO) product, The Forms Disk(TM) forms manager, and for potential technology acquisitions."
 JetForm Corporation is the leading developer and marketer of enterprise-wide forms automation products that design, fill, transmit, and print forms. Organizations use JetForm's workflow forms automation technology to replace existing pre-printed form processes with automated electronic form client/server solutions. JetForm's family of products is available for many different computing platforms and operating system environments including Microsoft Windows, Windows NT, IBM OS/2, DOS, Apple Macintosh, UNIX, SCO, VAX/VMS, SUN, IBM RS/6000, NCR Series 3000, and Hewlett-Packard mini computers. Its family of products includes JetForm Design(TM), JetForm Filler(TM), JetForm Server(TM), and The Forms Disk form manager.
 For additional information contact JetForm Corporation at 1-800-JETFORM (1-800-538-3676).
 NOTE: JetForm is a registered trademark of JetForm Corporation. JetForm Design, JetForm Filler, JetForm for E-Mail, JetForm Server and The Forms Disk are trademarks of JetForm Corporation. All other trade names referenced are registered and unregistered trademarks of their respective companies.
 -0- 1/6/94
 /CONTACT: Abe Ostrovsky of JetForm Corporation, 617-647-7700; or Barry Gillespie of BAZ Communications, 613-230-9859, for JetForm/
 (FORMF)


CO: JetForm Corporation ST: Massachusetts IN: CPR SU: OFR

DJ-CM -- NE020 -- 9830 01/06/94 14:39 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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