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MICROFRAME ANNOUNCES AT&T AND MCI ORDERS, APPOINTMENT OF CHIEF FINANCIAL OFFICER AND A ONE-FOR-FIVE REVERSE STOCK SPLIT

 EDISON, N.J., Sept. 23 /PRNewswire/ -- MicroFrame, Inc., a New Jersey corporation ("MIFI"), today made several announcements regarding the receipt of two large orders from two of its major customers, the addition of P. David Bocksch as chief financial officer and treasurer of the company, and the completion of a one-for-five reverse stock split.
 The company announced that it had received major new orders from two of its largest customers, AT&T and MCI. As a result, its current backlog is approximately $1.2 million, which, according to P. David Bocksch, the company's chief financial officer, is at its highest level ever. MCI placed orders for the company's Intelligent Port Controllers (IPCs) to be deployed within MCI. AT&T ordered, under the terms of a new two year contract with the company, an enhanced version of the company's Remote Port Security Device (RPSD), which AT&T will resell to its customers who use AT&T's Definity line of PBXs. According to David Gould, the president of the company, "The selection of MicroFrame's products by two of the world's largest communication companies to provide dial-in port security reflects positively on MicroFrame's leadership role in providing products that secure access to voice and data networks. The company believes that these orders support MicroFrame's belief that our products are technically innovative and highly competitive, and that as the market for security products continues to grow, demand for our products should continue to grow."
 The company also announced the appointment of Mr. Bocksch as the company's chief financial officer and treasurer. Prior to joining the company, Mr. Bocksch was previously associated with Monroe Systems For Business, Inc., a $140 million office equipment and contract services company, where he served as president and chief executive officer, and Pinkerton's Inc., a $400 million company involved in nongovernmental security and investigative services, where he served as president and chief operating officer.
 According to David Gould, "David brings to the company more than 25 years of experience as a senior executive officer in managing and developing large companies with revenues ranging up to $400 million. David's addition to the management team begins the process of putting into place the infrastructure needed to enable the company to meet its anticipated growth."
 The company also announced that it has effected a one-for-five reverse stock split of its common stock, $.001 par value. The reverse stock split became effective as of Sept. 20, 1993. Shareholders will be notified by the company shortly as to the procedures to follow for surrendering their old share certificates for new share certificates.
 According to Mr. Bocksch, "While the company cannot predict with any certainty what effect the reverse stock split will have on the market price in liquidity of the company's common stock, management hopes that the reverse stock split will result in an increased price level which may encourage interest and trading in the stock."
 MicroFrame, Inc. designs, assembles and markets a broad range of products whose primary purpose is to provide security for dial-in lines in both voice and data communications networks. By incorporating a variety of hardware and software options for user authentication, these products can deter unauthorized dial-in access to both devices and systems (such as computers, networks and PBX's), while allowing authorized personnel access to perform needed administration and maintenance of host devices and networks from remote locations.
 -0- 9/23/93
 /CONTACT: P. David Bocksch, chief financial officer of MicroFrame, Inc., 908-494-4440/


CO: MicroFrame, Inc. ST: New Jersey IN: TLS SU: CON PER

TM -- NY075 -- 5390 09/23/93 16:54 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
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