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KNOWLEDGEWARE AGREES TO SELL COMMON STOCK IN PRIVATE PLACEMENT

 ATLANTA, Nov. 19 /PRNewswire/ -- KnowledgeWare, Inc. (NASDAQ: KNOW) today announced it has agreed to sell 1 million shares of its common stock at $14.75 per share to several investors in a private transaction.
 The $14.75 per share is net to the company. KnowledgeWare stock is traded on the NASDAQ exchange (KNOW) and closed in trading at $15.375 per share on


Thursday, Nov. 18, 1993. As of Nov. 19, 1993, and prior to completion of this transaction, 13,299,636 shares were outstanding.
 The investors include Irwin Jacobs, Carl Pohlad, Ted Deikel, Mitchell-Hutchins Asset Management and several other individuals. The company expects to use the proceeds of $14,750,000 for general corporate purposes, including working capital and the payment of purchase price obligations related to recent acquisitions. The company intends to file a Registration Statement today with the Securities and Exchange Commission. The sale will be completed when the Registration Statement becomes effective.
 "We are very pleased with this investment," commented Francis A. Tarkenton, KnowledgeWare chairman and chief executive officer. "It will economically generate working capital, strengthen our balance sheet and fuel future growth."
 These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release does not constitute an offer to sell nor is this press release the solicitation of an offer to buy any securities.
 KnowledgeWare, Inc. is a worldwide leader in providing scalable application development tools and services that allow organizations to rapidly respond to changes in business needs and requirements. KnowledgeWare develops, markets and supports the Application Development Workbench, ObjectView, Flashpoint, Legacy Workbench and associated products and services. To date, the company has shipped more than 120,000 products to 5,000 companies in 49 countries, and had revenues of $128.8 million for its fiscal year ended June 30. Revenues for the three months ending Sept. 30 were $34.1 million.
 -0- 11/19/93
 /CONTACT: Analysts: Rick Gossett, 404-231-3510, ext. 2138, or Media: Denese Van Dyne, 404-231-3510, ext. 2345, both of KnowledgeWare/
 (KNOW)


CO: KnowledgeWare, Inc. ST: Georgia IN: CPR SU: OFR

BN-CF -- AT001 -- 6394 11/19/93 08:30 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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