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SULCUS COMPUTER CORP. REPORTS RECORD FIRST QUARTER OPERATING RESULTS; ANTICIPATES CONTINUING GROWTH THROUGHOUT THE YEAR

 GREENSBURG, Pa., May 3 /PRNewswire/ -- Sulcus Computer Corporation (AMEX: SUL) achieved sharp first quarter increases in both revenues and profits, resulting in a record first quarter, Jeffrey S. Ratner, chairman and chief executive officer said today.
 For the period ended March 31, 1993, Sulcus Computer achieved record quarterly sales of $12,488,000, a 94 percent increase above the $6,427,000 reported in the comparable period a year ago. Net income after taxes and before 1992's accounting adjustment amounted to $1,441,000 or 11 cents per shares on 13,716,230 shares outstanding, against $733,000 or 6 cents per share on 11,870,213 shares outstanding in last year's first quarter. In addition, in 1992 the company adopted the Financial Accounting Board Standard 109, "Accounting for Income Taxes" (required 1,193) which created a 1992 first quarter accounting adjustment gain of $223,000, or 2 cents per share, for net income of $956,000, or 8 cents per share.
 Mr. Ratner noted that "we are now reviewing a number of acquisition and joint venture opportunities, which could significantly enhance our strategic position in defined market segments or geographies. Some of these opportunities require substantial intermediate investment to reverse their deficits and bring them to levels of profitability commensurate with Sulcus' other operating divisions, and if management elects to make such an investment it would have an effect on near-term profitability. In the absence of such an acquisition, however, Sulcus should continue to grow in its existing activities in comparison to prior years.
 In 1992, Sulcus reported record revenues of $38,280,000, up 113 percent from $18,010,000, and record net earnings of $5,180,000, or 42 cents per share on 12,446,000 shares outstanding, against $1,937,000 or 30 cents per share on 6,539,000 shares outstanding in 1991. "It is important in comparing the achievements of the year ending 1992 against 1991 that we also recognize that in the fourth quarter of 1992 we made approximately a half million dollars, or 4 cents per share, adjustment related to the timing on investment and foreign income and a decision to expense rather than amortize certain software development expense, related to a product which has now been partially introduced," Mr. Ratner said.
 "The extension and diversity of our product line, the expansion of our sales and marketing effort throughout Asia, Europe, the Middle East, Africa, Central America and Mexico, coupled with our strongest financial position ever and the addition of experienced, highly regarded senior management in operations, finance and administration creates the foundation for high expectations in the years ahead. Moreover, we are now sufficiently diversified in product and geography so that opportunistic, strategic acquisitions and alliances can be considered which temporarily reduce overall corporate margins, but within a reasonable period of time should be brought to the traditional margins enjoyed by the company. The acquisition of Techotel in the first quarter of 1993 illustrates this point, giving us an additional broad based presence in approximately 30 markets throughout Europe, the Middle East and Africa, and when combined with our full product line not only enhances Techotel's growth but should bring its profits into line with other segments of our business, although temporarily affecting profit margins. This approach to strategic acquisitions and alliances reflects our long term goal of offering the finest, most diversified automation products to the worldwide tourism industry regardless of any short term negative impact on margins."
 Sulcus Computer Corporation is a leading developer of automated systems for the hospitality, legal and real estate markets. Sulcus systems have been installed in more than an estimated 6,000 hotels, restaurants, title insurance companies, banks, law firms, country clubs, resorts and others on six continents. Customers include such names as Sheraton, Marriott, Applebee's, Promus, Radisson, ANA, Embassy Suites, Nikko, Holiday Inn, Chi Chi's, Sfuzzis, Houlihan's, The Department of the Navy, Canadian Pacific, Interstate, UCLA, CitiCorp, First American Title, Clubhouse Inns, Park Lane and Novotel.
 SULCUS COMPUTER CORPORATION
 Earnings Summary
 Three months ended March 31 1993 1992 Pct. Chg. to
 Prev. period
 Total revenue $12,487,646 $6,426,812 94
 Income before taxes
 and accounting adjustment 1,494,433 915,513 63
 Tax expense 53,366 182,603 --
 Net income after tax expense 1,441,067 732,910 97
 Accounting adjustment(A) 0 222,936 --
 Net income 1,441,067 955,846 51
 Shares outstanding 13,716,230 11,870,213 16
 Net income per share
 After taxes 0.11 0.06 83
 Accounting adjustment(A) 0.00 0.02 --
 Net income per share 0.11 0.08 38
 (A) Cumulative effect of an accounting change to FASB 109 "Accounting for Income Taxes"
 -0- 05/03/93
 /CONTACT: Jeffrey S. Ratner, chairman and CEO, or William McLay of Sulcus, 412-836-2000/
 (SUL)


CO: Sulcus Computer Corporation ST: Pennsylvania IN: CPR SU: ERN

WB-AH -- NY078 -- 3933 05/03/93 15:47 EDT
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Date:May 3, 1993
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