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NBI REPORTS FISCAL YEAR 1992 RESULTS

 NBI REPORTS FISCAL YEAR 1992 RESULTS
 BOULDER, Colo., Aug. 13 /PRNewswire/ -- NBI Inc. (PSE: NBI) today


reported a net loss from continuing operations for the two months ended June 30, 1992, of $1.3 million, or a loss of 13 cents per common share. For the 10 months ended April 30, 1992, the company had a net loss from continuing operations of $4.2 million. The company emerged from Chapter 11 bankruptcy on Feb. 3, 1992, and adopted fresh-start accounting as of April 30, 1992, after all material conditions for the plan of reorganization to become binding were satisfied.
 The company also reported income from discontinued operations for the two months ended June 30, 1992, and the 10 months ended April 30, 1992, of $36,000 and $137,000, respectively. This resulted from reductions in the provision for future costs of the discontinued operations as no future income or loss from the discontinued operations is expected.
 For the two months ended June 30, 1992, the company reported a net loss of $1.3 million, or 13 cents per common share. Included in the net loss for the two months ended June 30, 1992, were costs associated with the discontinuance of development of the company's word processing product and expenses related to severance costs for employees terminated in other divisions. The company reported net income totaling $40.2 million for the 10 months ended April 30, 1992. This included an extraordinary gain of $44.3 million from the forgiveness of debt resulting from the reorganization.
 Revenues from continuing operations for the two months ended June 30, 1992, and the 10 months ended April 30, 1992, were $2.1 million and $13.4 million, respectively. Revenues are expected to decline significantly in the first quarter of fiscal 1993 due to the recent sale of the Service Division.
 Ron Erickson, chairman and chief executive officer of NBI stated, "With the closing of the sale of the Service Division on Aug. 12, 1992, we are now focusing all of our attention on building our systems integration business. We have been pleased with the progress Systems Integration has made over the past quarter and believe it has a good future. At the same time, we have been exploring new business opportunities in our effort to rebuild NBI."
 Based in Boulder, NBI provides network systems integration in the United States and internationally and services system users in the United Kingdom.
 NBI INC.
 Summary of Financial Performance
 Fiscal Year 1992
 Condensed Statement of Operations
 Ten Months Ended Two Months Ended
 April 30, June 30,
 1992 1992
 (Unaudited)
 (Amounts in thousands,
 except per share data)
 Revenues $13,406 $2,057
 Costs and expenses 17,628 3,386
 Income (loss) from continuing
 operations before reorganization
 costs, income taxes and
 extraordinary item (4,222) (1,329)
 Reorganization costs
 (reduction) incurred
 subsequent to Chapter 11
 proceedings 4 (3)
 Income (loss) before discontinued
 operations and extraordinary item (4,226) (1,326)
 Discontinued operations, net of tax 137 36
 Extraordinary item, net of tax 44,271 ---
 Net income (loss) $40,182 $(1,290)
 Income (loss) per share
 before discontinued
 operations and extraordinary item (a) $(.13)
 Discontinued operations per share (a) ---
 Extraordinary item per share (a) ---
 Net income (loss) per share (a) $(.13)
 Weighted average number
 of common and common
 equivalent shares (a) 10,001
 (a) Per share data for these periods is not meaningful due to the company's reorganization.
 Consolidated Balance Sheet
 June 30,
 1992
 (Amounts in thousands)
 Assets
 Cash, cash equivalents and
 marketable securities $13,878
 Receivables, net 1,142
 Inventories 178
 Other current assets 1,552
 Total current assets 16,750
 Rental equipment, net 11
 Field spare parts, net 142
 Plant and equipment, net 327
 Other assets 1,896
 $19,126
 Liabilities and stockholders' equity
 Liabilities not subject to compromise:
 Current portion of long-term debt $17
 Accounts payable 1,231
 Accrued liabilities 2,204
 Total current liabilities 3,452
 Long-term debt 245
 Deferred and long-term income taxes 10,710
 Total liabilities not subject to
 compromise 14,407
 Liabilities subject to compromise 150
 Total liabilities 14,557
 Total stockholders' equity 4,569
 $19,126
 -0- 8/13/92
 /CONTACT: Nancy Hamilton of NBI Inc., 303-938-2808/
 (NBI) CO: NBI Inc. ST: Colorado IN: CPR SU: ERN


BB -- DV003 -- 9819 08/13/92 20:40 EDT
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Date:Aug 13, 1992
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