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THE SOFTWARE TOOLWORKS EXPECTS TO REPORT OPERATING LOSS FOR THE MARCH QUARTER

 THE SOFTWARE TOOLWORKS EXPECTS TO REPORT
 OPERATING LOSS FOR THE MARCH QUARTER
 NOVATO, Calif., May 22 /PRNewswire/ -- Based on preliminary data, The Software Toolworks, Inc. (NASDAQ: TWRX), a leading publisher of education, entertainment and edutainment software, expects to report an operating loss for its fourth fiscal quarter ended March 31, and possibly for its 1992 fiscal year as a whole.
 Although revenues for the quarter are expected to be approximately $25 million, in line with analysts' expectations, operations results will be below those projected by analysts. The company plans to report its results for the fourth fiscal quarter and for the fiscal year in late June.
 Some of the factors contributing to the expected fourth quarter operating loss include lower gross margins on the sale of Nintendo products, due in part to an increase in European sales (the company's European sales are typically on a letter of credit basis limiting credit risk to the company and, therefore, generate lower gross margins), and higher than expected expenses in the company's international business including higher selling, general and administrative expenses as well as royalty and inventory adjustments. An unfavorable mix in OEM sales also contributed to lower than expected gross margins. In addition, The Miracle Piano Teaching System for MacIntosh computers, which is now shipping, was originally intended to ship in the March quarter.
 "Fiscal 1992 was a challenging year for our company," said Bob Lloyd, president. "While we have met our revenue growth goals, the company is still in a transitional phase in terms of achieving our profitability goals."
 -0- 5/22/92
 /CONTACT: Vincent Turzo of The Software Toolworks, 415-883-3000, ext. 568/
 (TWRX) CO: The Software Toolworks, Inc. ST: California IN: CPR SU: ERN


BR -- NYON1 -- 3144 05/22/92 07:00 EDT
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Publication:PR Newswire
Date:May 22, 1992
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