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NBI REPORTS THIRD QUARTER RESULTS

 NBI REPORTS THIRD QUARTER RESULTS
 BOULDER, Colo., April 29 /PRNewswire/ -- NBI Inc. (OTC) today


reported a net loss from continuing operations for the third fiscal quarter ended March 31, 1992 of $1.7 million, or a loss of 19 cents per common share. This compares to net income from continuing operations of $206,000, or income of 1 cent per common share for the like period of the previous year. For the nine months ended March 31, 1992, the company had a net loss from continuing operations of $3.6 million, or a loss of 41 cents per common share. Comparable figures for the first nine months of fiscal 1991 reflect a net loss from continuing operations of $9.0 million, or a loss of 98 cents per common share.
 The company also reported income from discontinued operations for the three and nine months ended March 31, 1992 of $137,000, or 1 cent per common share. This resulted from reductions in provisions for future costs of the discontinued operations. No income or loss from discontinued operations was reported for the like periods of the prior fiscal year.
 Revenues from continuing operations for the third fiscal quarter of 1992 were $3.9 million. Comparable revenue figures for the third fiscal quarter of 1991 were $8.2 million. The decline in revenues resulted primarily from the absence of nonexclusive licensing fees for the Legacy(R) source code technology, compared to $2.2 million included in the third quarter of fiscal 1991, as well as the continued erosion of the domestic service base. The decline in operating performance for the three months ended March 31, 1992 compared to the like period in fiscal 1991 was attributable to the decreased revenues.
 However, the company experienced significant savings in reorganization costs due to the company's emergence from Chapter 11 bankruptcy on Feb. 3, 1992. The company will adopt fresh-start accounting after all material conditions required by the Plan of Reorganization are satisfied. This is expected to occur in the fourth quarter of fiscal 1992.
 Stephen G. Jerritts, president and CEO of NBI stated, "The quarter-to-quarter revenue erosion that NBI has been experiencing leveled off in the third quarter. Although revenues held, margins were somewhat lower. Legacy sales continue to be disappointing."
 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 system users in domestic and international locations.
 NBI INC.
 Summary of Financial Performance
 Third Quarter and Nine Months
 Condensed Statement of Operations
 Quarter Ended Nine Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 (Unaudited)
 (Amounts in thousands,
 except per share data)
 Revenues $3,877 $8,247 $12,445 $23,359
 Costs and expenses 5,580 7,249 16,167 26,941
 Restructuring costs
 (reduction) incurred
 prior to Chapter 11
 proceedings --- (110) --- 33
 Income (loss) from continuing
 operations before
 reorganization costs and
 income taxes (1,703) 1,108 (3,722) (3,615)
 Reorganization costs
 (reduction) incurred
 subsequent to Chapter 11
 proceedings 45 902 (103) 902
 Income (loss) before income
 taxes and discontinued
 operations (1,748) 206 (3,619) (4,517)
 Income tax expense --- --- --- 4,500
 Income (loss) before
 discontinued operations (1,748) 206 (3,619) (9,017)
 Discontinued operations,
 net of tax 137 --- 137 ---
 Net income (loss) $(1,611) $206 $(3,482) $(9,017)
 Income (loss) per share
 before discontinued
 operations $(.19) $.01 $(.41) $(.98)
 Discontinued operations
 per share .01 --- .01 ---
 Net income (loss)
 per share $(.18) $.01 $(.40) $(.98)
 Weighted average number
 of common and common
 equivalent shares 9,527 9,527 9,527 9,527
 Consolidated Balance Sheet
 March 31, June 30,
 1992 1991
 (Unaudited)
 (Amounts in thousands)
 Assets
 Cash, cash equivalents and
 marketable securities $15,571 $18,736
 Receivables, net 1,401 1,853
 Inventories 181 302
 Other current assets 1,751 1,693
 Total current assets 18,904 22,584
 Installment receivables due after
 one year, net --- 24
 Rental equipment, net 14 43
 Field spare parts, net 341 1,156
 Plant and equipment, net 405 743
 Other assets 2,170 3,584
 $21,834 $28,134
 Liabilities and stockholders' equity (deficit)
 Liabilities not subject to compromise:
 Accounts payable $1,143 $680
 Accrued liabilities 2,690 3,328
 Net current liabilities of
 discontinued operations 41 159
 Current portion of prepetition
 secured debt 23 29
 Total current liabilities 3,897 4,196
 Prepetition secured debt --- 16
 Other long-term liabilities --- 41
 Total liabilities not subject to
 compromise 3,897 4,253
 Liabilities subject to compromise:
 Trade and other miscellaneous claims 7,665 7,935
 8 1/4 percent convertible subordinated
 debentures 34,067 34,067
 9 percent convertible notes 7,663 7,663
 Income tax liabilities 11,787 14,000
 Total liabilities subject to
 compromise 61,182 63,665
 Total stockholders' equity (deficit) (43,245) (39,784)
 $21,834 $28,134
 NOTE: Legacy is a registered trademark of NBI Inc.
 -0- 4/29/92
 /CONTACT: Nancy Hamilton of NBI Inc., 303-938-2808/
 (NBI) CO: NBI Inc. ST: Colorado IN: CPR SU: ERN


BB -- DV017 -- 4672 04/29/92 18:57 EDT
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