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NETRIX SETTLES SHAREHOLDER LAWSUIT

 HERNDON, Va., July 21 /PRNewswire/ -- Netrix Corporation (NASDAQ-NMS: NTRX) announced today that it has reached a preliminary settlement of a shareholder lawsuit brought against the company and certain of its officers and directors in March, 1993. The settlement is contingent upon the preparation and execution of a definitive settlement agreement and is subject to court approval.
 The terms of the settlement provide for a payment to the plaintiff class of $975,000, and for Netrix to pay the costs of administering the settlement up to $75,000. It is estimated that half of the total costs of the settlement, inclusive of Netrix' related litigation expenses, will be covered by insurance.
 The settlement and related costs will result in a one-time charge to earnings of $775,000, or 9 cents per share, in the second quarter of 1993. Netrix expects to announce the results for the second quarter tomorrow, July 22, 1993.
 Charles W. Stein, president and CEO, commented on the proposed settlement. "We believe that this settlement will allow us to keep focused on the business opportunities available to Netrix. It has been and continues to be our opinion that this suit is without merit. We agreed to this settlement in order to conclude the lengthy litigation, limit our legal expenses, and eliminate this unwarranted distraction to the management of our business."
 Netrix Corporation manufactures and markets products that are used to build new corporate networks and to consolidate multiple application- specific networks into more effective enterprisewide networks. The company's products enable network managers to optimize and simplify their networks by matching each application to the best switching technology and to the most appropriate communications facilities. Netrix customers include financial services companies, other major corporations, public network operators, and government agencies throughout the world.
 -0- 7/21/93
 /CONTACT: Louann Curlin, manager, Treasury Services, 703-793-2051, or Ellen Jennings, director, Marketing Communications, 703-793-2016, both of Netrix/
 (NTRX)


CO: Netrix Corporation ST: Virginia IN: CPR SU:

IH-TW -- DC047 -- 4157 07/21/93 16:53 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:333
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