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RIMAGE CORPORATION PURCHASES P.C. BACK-UP TECHNOLOGY, ANTICIPATES IMPROVED FIRST QUARTER EARNINGS

 MINNEAPOLIS, April 16 /PRNewswire/ -- Rimage Corporation (NASDAQ: RIMG) of Minneapolis, whose primary product line is duplication equipment for diskettes, announces its purchase of the assets of Secure Data Network, Inc. of Irvine, Calif. The asset purchase is subject to final court approval and is being made from the Chapter 7 Bankruptcy liquidation of Secure Data Network, Inc. The assets are the tangible assets and technology, and the assets related to off-site electronic back-up and disaster recovery for microprocessors (personal computers, networks, file servers, work stations). Rimage will combine these assets with in-house development and will market the technology, which does the back-up automatically at night via phone lines, under the name Rimage Televaulting. Total purchase price is $80,000 plus a royalty which can be a maximum of an additional $160,000.
 Additionally, Rimage announces that it anticipates significantly improved earnings for the first quarter ended March 31, 1993 compared to first quarter of 1992. Actual earnings will be released May 3, 1993. While the earnings should show improvement, Rimage's backlog is reduced; and earnings per share will reflect the additional 770,000 shares issued in November, 1992.
 Rimage Corp. completed an initial public offering in November, 1992, and trades on the NASDAQ market as RIMG.
 -0- 4/16/93
 /CONTACT: David McCaffrey or Jon Wylie, 612-944-8144, both of Rimage Corporation/
 (RIMG)


CO: Rimage Corporation ST: Minnesota IN: CPR SU: ERP TNM

AL -- MN004 -- 6736 04/16/93 11:53 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
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