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NBI EMERGES FROM CHAPTER 11

 NBI EMERGES FROM CHAPTER 11
 BOULDER, Colo., Jan. 13 /PRNewswire/ -- NBI Inc. announced that


its Chapter 11 Plan of Reorganization was approved by the Bankruptcy Court in Denver at a confirmation hearing on Friday, Jan. 10. The Plan received affirmative votes of over 95 percent of each of its classes of creditors voting, including 99 percent approval of its existing common stock. The Plan exchanges virtually all of NBI's $50 million of debt for common stock, leaving NBI with its only significant debt obligation being approximately $10 million payable to the IRS over six years. The expected effective date for the order of confirmation is Feb. 3, 1992.
 Stephen G. Jerritts, president and chief executive officer of NBI stated, "We are extremely pleased that we were able to emerge from Chapter 11 less than 12 months after filing. The overwhelming support for our Plan from our creditors and shareholders is very satisfying. Our customers and employees should also feel reassured that we were able to reorganize virtually all our debt and continue our software, systems integration and service businesses with approximately $15 million cash in the bank."
 Based in Boulder, NBI has been a leader in the word processing industry for more than a decade. NBI designs and markets advanced word processing software, provides network systems integration, and services a wide base of systems users in domestic and international locations.
 -0- 1/13/92
 /CONTACT: Nancy Hamilton of NBI, 303-938-2808/ CO: NBI Inc. ST: Colorado IN: CPR SU:


MC -- DV003 -- 9033 01/13/92 10:52 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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