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MICROLOG CORPORATION ANNOUNCES BANKING AGREEMENT

 GERMANTOWN, Md., Aug. 24 /PRNewswire/ -- Microlog Corporation (NASDAQ-NMS: MLOG) announced today it has entered into a new line of credit agreement with its bank, whereby the company can borrow up to 80 percent of its eligible receivables at an interest rate equal to prime, subject to a number of restrictive covenants.
 The company also modified the mortgage on its corporate headquarters. The company presently has outstanding borrowings of $1.6 million, at an interest rate of prime plus one-half percent, payable monthly. The balance of the unpaid principal is due on June 1, 1998. The mortgage is subject to a cross default provision with the line-of-credit discussed above.
 Microlog Corporation, headquartered in Germantown, designs, manufactures, markets and supports a complete line of voice processing systems that improve service, efficiency and productivity while reducing costs. Its products find wide application in government, health care, utility, media/entertainment, transportation, emergency notification and many other markets with over 10,000 installations worldwide. Microlog's messaging, interactive voice response and emergency notification products are sold through a direct sales force, by
distributors and by value added resellers. A subsidiary, Old Dominion Systems, Inc., of


Maryland, provides technical analysis and support services to the U.S. government through prime contractors.
 -0- 8/24/93
 /CONTACT: Richard A. Thompson, president and chief operating officer, Microlog, 301-428-9100/
 (MLOG)


CO: Microlog Corporation ST: Maryland IN: CPR SU:

TW -- DC011 -- 5460 08/24/93 12:47 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
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