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 HERNDON, Va., July 8 /PRNewswire/ -- Network Imaging Corporation (NIC) (NASDAQ: IMGX; Boston Exchange: IGX) has completed the acquisition of privately held tekgraf, inc. of Houston, for 55,000 shares of NIC common stock.
 The regional document imaging integrator posted revenue of $4.2 million and operating profits of approximately $200,000 for the year ended Dec. 21, 1992.
 tekgraf specializes in computer graphics applications, CAD/CAM, document storage and retrieval, scanning and document conversion and color imaging.
 Robert P. Bernardi, chief executive officer of NIC, said "The acquisition will provide us an extremely impressive distribution channel for imaging products in the Southwest region and positions NIC to launch ImageXchange(TM) there in 1993."
 Over the past five years, tekgraf has configured, installed and supported CAD networks and document imaging systems for more than 50 companies in the Southwest, including Exxon, EDS, Asea Brown Boveri and the Supercollider. It maintains direct sales offices in Houston and Dallas, and sells products through a network of VARs in the Southwestern states.
 Network Imaging Corporation designs, integrates and markets document imaging systems and optical storage products. Its flagship product, ImageXchange, provides businesses with an automated method of electronically processing, storing and retrieving large quantities of documents such as insurance forms, credit card receipts, checks and legal records. The company's other flagship product, the SPANServer(TM), provides a complete plug-and-play optical disk storage solution on UNIX-based and Novell systems.
 For additional information, please contact Robert P. Bernardi, president, or Steve Mooney, chief financial officer of Network Imaging Corporation, 703-478-2260; or write 500 Huntmar Park Drive, Herndon, Va. 22070.
 -0- 7/8/93
 /CONTACT: Robert P. Bernardi, president and CEO of Network Imaging Corporation, 703-478-2260, or Thomas Redington of Redington, Inc., 203-222-7399 or 212-926-1733, for Network Imaging Corporation/

CO: Network Imaging Corporation; tekgraf, inc. ST: Virginia, Texas IN: CPR SU: TNM

MP-LR -- NY038 -- 9439 07/08/93 10:59 EDT
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Publication:PR Newswire
Date:Jul 8, 1993

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