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NETWORK IMAGING ANNOUNCES 1992 RESULTS

 RESTON, Va., March 16 /PRNewswire/ -- Network Imaging Corporation (NIC) (NASDAQ: IMGX) announced today its 1992 year end results.
 For the fiscal year ended Dec. 31, 1992, the company had revenue of $15.8 million, an operating loss of $269,000 and a net after tax loss of $512,500 or 16 cents a share.
 The loss for FY1992 occurred in the second and third quarters of 1992 and resulted, in part, from non-recurring expenses associated with legal, accounting, acquisition and consolidation expenses. The company also reported a year end working capital of $3.6 million, cash position of $3.0 million and stockholders' equity of $6.9 million.
 As previously announced on Feb. 1, 1993, Network Imaging had fourth quarter revenue of $4.7 million and earnings of $105,000 or three cents a share.
 Network Imaging Corporations designs, integrates and markets document imaging systems and optical storage products. NIC's flagship product, ImageXchange(TM), 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. NIC's other flagship product, the SPANServer(TM), provides a complete plug-and-play optical disk storage solution on UNIX- based and Novell-based networks.
 -0- 3/16/93
 /CONTACT: Robert P. Bernardi, president of Network Imaging Corporation, 703-478-2260; or Thomas Redington of Redington, Inc., 203-222-7399 or 212-926-1733, for Network Imaging Corporation/
 (IMGX)


CO: Network Imaging Corporation ST: Virginia IN: SU: ERN

AH-SM -- NY081 -- 6784 03/16/93 17:41 EST
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Date:Mar 16, 1993
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