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MANAGEMENT TECHNOLOGIES REPORTS INCREASED THIRD QUARTER PROFIT

 MANAGEMENT TECHNOLOGIES REPORTS INCREASED THIRD QUARTER PROFIT
 NEW YORK, March 16 /PRNewswire/ -- Management Technologies Inc. ("MTI") (NASDAQ: MTCI, MTCIW), a developer of software for international banking, today announced it had net earnings of $111,000 or 1 cent on revenues of $918,000 for the third quarter ending Jan. 31 compared to net earnings of $101,000 or 1 cent on revenues of $1,469,000 for the same period last year.
 For the nine months, MTI had total revenues of $2,861,000 and a net loss of ($997,000) or (10 cents) per share in 1992 compared to revenues of $4,815,000 and net income of $511,000 or 5 cents per share for the first three quarters of 1991. The net income in FY1991 includes $230,000 or 2 cents per share in extraordinary items. In the second quarter of FY 1992, the company wrote down $1.2 million in software development costs.
 MTI trades on NASDAQ under MTCI for common stock and MTCIW for its warrants.
 -0- 3/16/92
 /CONTACT: Tom Groenfeldt of MTI, 212-239-8224/
 (MTCI) CO: Management Technologies Inc. ST: New York IN: CPR SU: ERN


GK-TS -- NY020 -- 8161 03/16/92 09:17 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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