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NBI ANNOUNCES ODD-LOT SHARES REPURCHASE PROGRAM

 BOULDER, Colo., Feb. 4 /PRNewswire/ -- NBI Inc. today announced that it would offer to repurchase directly from any of the shareholders holding less than 100 shares, all of their shares of common stock (held at the record date of Feb. 1, 1993) at a price of $.6250 (five-eighths) per share. NBI had indicated its intention to present this opportunity to its odd-lot shareholders to provide those small shareholders a market without prohibitive brokerage fees. As a result of the recapitalization of NBI in its Chapter 11 reorganization completed in February 1992, NBI has a large number of small, odd-lot shareholders.
 NBI determined the price to be paid to odd-lot holders based on its observation of the market price for its stock since December 1992, when NBI announced that it would be entering into the market to purchase up to 3.5 million shares of its common stock. In that connection, NBI has purchased to date approximately 1 million shares of its common stock at market prices, being approximately 10 percent of the stock outstanding at the initiation of its repurchase program.
 Record or beneficial holders of less than 100 total shares can initiate the sale of their stock to NBI by sending the certificate for their shares to the company at 3375 Mitchell Lane, Boulder, CO 80301, attention: Finance Department, with the certificate properly endorsed for transfer to NBI or with a properly executed stock power, with signature guaranteed. NBI will repurchase the shares at the rate of $.6250 per share within 30 days of the receipt of the certificate. NBI will keep this offer open to its odd-lot shareholders for six months (until Aug. 1, 1993).
 Based in Boulder, NBI Inc. provides network systems integration and development in the United States and internationally and services system users in the United Kingdom.
 -0- 2/4/93
 /CONTACT: Jesse Simmons of NBI, 303-938-2808/


CO: NBI Inc. ST: Colorado IN: CPR SU:

JL -- DV007 -- 3273 02/04/93 18:58 EST
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Publication:PR Newswire
Date:Feb 4, 1993
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