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NORRIS ANNOUNCES RECORD FIRST QUARTER REVENUES; DEMONSTRATES 'THE FUTURE OF THE PHONE'; ANNOUNCES NEW ASMD CONTRACTS

 NORRIS ANNOUNCES RECORD FIRST QUARTER REVENUES; DEMONSTRATES
 'THE FUTURE OF THE PHONE'; ANNOUNCES NEW ASMD CONTRACTS
 SAN DIEGO, Aug. 17 /PRNewswire/ -- Norris Communications Corp. today announced record revenues for the quarter ended June 30, 1992. Revenues for the first quarter were $2.32 million compared to $915,580 for the same quarter last year. Earnings for the first quarter were flat due to continued heavy expenditures by NORCOM in marketing and final product development. NORCOM expended $150,000 in the quarter in preparation for the production of the Ear PHONE (TM). "We are confident the increased expenditures in recent months will soon bear fruit as the Ear PHONE product is set to begin shipping in early October," said Elwood Norris, president.
 Norris' proprietary new ear piece product was demonstrated recently in Boston at the MacWorld Expo. The Ear PHONE was shown in conjunction with a variety of new products including a transportable cellular phone-modem product developed by Applied Engineering; a personal video-conferencing system shown by Northern Telecom and ShareVision Technology; a programmable telephone management system demonstrated by Cypress Research; and newly released Personal Information Management Software developed by Atelier Systems. These presentations demonstrated the versatility and variety of uses for the Norris Ear PHONE in telephony applications.
 "Affordability and practicality are key factors in the successful launch of a new product," explained Randy Granovetter, senior vice president of Norris. "The Norris Ear PHONE complements telephony applications by providing a comfortable and effective way to input and output audio. Apple Computer has been supporting the development of such applications for several years, but it has taken time for all the pieces to come together. We are enthusiastic about the many computer and telephony applications now being successfully launched to market," she said.
 "The Norris Ear PHONE is an essential component of our COMMPORT product," explained Robert Carroll, chief executive officer of Applied Engineering. "Could you imagine a PowerBook user in a busy airport using a conventional handset, or worse yet, donning a bulky headset? The Norris Ear PHONE is a unique solution; it's easily transportable, fits comfortably in a user's ear and is unobtrusive."
 NORCOM has now launched its Partner program that includes four versions of the Ear PHONE product line. Revenue projections from the four versions now total $2,000,000 for this fiscal year. Products will be sold through OEM partnerships, general distributors and direct to large corporations. Confirmed OEM partnerships now include Intel Corp., Applied Engineering, ShareVision Technologies, Articulate Systems and Atelier. NORCOM is also beginning to receive non-recurring engineering fees (NRE) towards development of special engineering projects including most recently $30,000 from RJ Electromark for a custom automobile alarm product.
 Norris' surface mount manufacturing subsidiary, ASMD Inc., announced the addition of two new customers: Carrera Computers Inc. of Laguna Hills, Calif. with an initial purchase order of $2,000,000 and VORAD Safety Systems Inc. of Rancho Bernardo, Calif. with an initial order for $713,000. Both orders will be shipped this fiscal year. Eastman Kodak recently extended a new purchase order valued at $600,000 as ASMD continues to add its record $11,000,000 backlog. To support ASMD's rapid growth the build-out on Norris' new 31,000-square-foot facility is well under way, with completion scheduled for mid-November.
 Norris Communications Corp. will hold its annual shareholder's meeting Friday, Aug. 21 at 2 p.m. at the Rancho Bernardo Inn, in the Bernardo West ballroom, located at 17550 Bernardo Oaks Dr., San Diego, CA. All shareholders and other interested parties are invited to attend.
 -0- 8/17/92
 /CONTACT: Robert Putnam of Norris, 619-679-1504/ CO: Norris Communications Corp. ST: California IN: TLS SU: ERN CON


AL -- SD002 -- 0524 08/17/92 12:40 EDT
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Date:Aug 17, 1992
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