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MANAGEMENT TECHNOLOGIES ANNOUNCES FISCAL YEAR 1992 RESULTS

 MANAGEMENT TECHNOLOGIES ANNOUNCES FISCAL YEAR 1992 RESULTS
 NEW YORK, Aug. 14 /PRNewswire/ -- Management Technologies, Inc. (NASDAQ: MTCI), which develops and markets software for international banking, reported its results for the company's 1992 fiscal year, ending April 30.
 Revenues for fiscal year 1992 were $3,192,000, compared to fiscal year 1991 revenues of $5,065,000. The figures reflect MTI's voluntary closing of its United Kingdom subsidiary in April 1991 which reduced revenues and earnings.
 After Anthony J. Cataldo was named president of MTI in November 1991, the company undertook a semi-annual review of its products and their marketability. It was decided to write down approximately $1,200,000 of capitalized software, leading to a net loss for fiscal year 1992 of $(2,831,000) or $(.28) per share compared to net income of $159,000 or $.016 per share for fiscal year 1991.
 MTI trades on NASDAQ under MTCI for its common stock and MTCIW for its warrants.
 -0- 8/14/92
 /CONTACT: Tom Groenfeldt of Management Technologies, 212-239-8224/
 (MTCI) CO: Management Technologies, Inc. ST: New York IN: CPR SU: ERN


PS-TM -- NY070 -- 0163 08/14/92 16:32 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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