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MOSAIC MULTISOFT RECEIVES FIRST INSTALLMENT OF PRIVATE PLACEMENT

 SAN DIEGO, April 26 /PRNewswire/ -- Mosaic Multisoft Corporation (MMSF) (OTC Bulletin Board) today announced that it has received the first $500,000 installment of a $1 million private placement. The second $500,000 will be received within the next thirty days.
 The company has also entered into additional private placement agreements totalling $6.5 million in accordance with the following payment schedule:
 May 15, 1993 $1,250,000.00
 June 30, 1993 1,250,000.00
 Sept. 30, 1993
 (option to be exercised by Sept. 30, 1993,
 if not exercised, option will be canceled) 4,000,000.00
 Total $6,500,000.00
 The company has no guarantee that all or any of these funds will be forthcoming.
 The company will commence immediately to develop the next generation of multiprocessor software based on its licensed Communicating Atomic Threads(TM) (CATs) technologies. The initial developments will be the Mosaic Technology Emulator and its supporting AutoThreads(TM) task manager. These two key developments will be the heart of the Mosaic CATWARE(TM) Multiprocessing Programming Environment.
 This next generation technology will provide the first general- purpose parallel processing programming environment for the multi/parallel processing community. This environment will enable the design, development and implementation of portable, scalable, high-performance multiprocessing applications programs.
 The Technology Emulator will be completed in approximately one hundred twenty days followed by completion of the AutoThreads(TM) package. Marketing staff will be hired and trained within sixty days, in order to market and sell these first Mosaic products as soon as they are completed.
 -0- 4/26/93
 /CONTACT: Randy Graves, president of Mosaic Multisoft, 619-558-9283/


CO: Mosaic Multisoft Corporation ST: California IN: MTC SU:

TS-SB -- NY021 -- 0527 04/26/93 10:02 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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