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TRIAD ACHIEVES RECORD REVENUES FOR FISCAL 1992

 TRIAD ACHIEVES RECORD REVENUES FOR FISCAL 1992
 LIVERMORE, Calif., Oct. 23 /PRNewswire/ -- Record systems sales by


its Retail Hardgoods Division, a strong rebound in automotive systems revenues and steadily increasing sales of its database products generated record revenues of $152.6 million dollars for Triad Systems Corp. (NASDAQ: TRSC), the company said today.
 Triad's revenues in the year ended Sept. 30, 1992, improved 11 percent over the $137.5 million in 1991 and were 3 percent above the previous high of $148 million in 1989.
 Systems revenues of $63.8 million were 21 percent better than the $52.8 million of 1991, with Retail Hardgoods Systems sales improving 24 percent to a record $22.4 million in the first full year of Triad's Eagle system. Automotive systems sales improved 22 percent to $40.5 million from $33.3 million in 1991, when revenues reflected soft economic conditions.
 Services revenues rose 2 percent to $79.2 million from $77.5 million. Recurring revenues from Triad's Information Services Division continued their steady progress, increasing 18 percent to a record $18 million. Triad automotive databases serve more than 23,000 counter positions, a gain of more than 3,500 over 1991.
 Customer Services revenues declined 3 percent to $58.6 million, reflecting recent product introductions and upgrades requiring less maintenance and support.
 Operating income of $18 million was Triad's second highest and a 14-percent improvement over 1991's $15.8 million, generating earnings per share of 27 cents compared to 18 cents. Earnings before interest, depreciation and taxes were $25.9 million, compared to $25 million last year.
 Extraordinary costs of $1.4 million, net of income taxes were incurred in Triad's fourth quarter refinancing, which will significantly reduce interest charges in 1993. A 10 cent extraordinary charge brought 1992 net earnings per share to 17 cents. Costs included $700,000 for a premium to redeem 14 percent reset notes and the write-off of $1.2 million in unamortized costs associated with the issuance of the reset notes.
 "Fiscal 1992 was an event-filled year," said Triad President and Chief Executive Officer James R. Porter. "We made major progress in entering related markets and broadened our geographic presence. Contracts signed with KMart and Sears to provide monthly auto parts catalog data to a combined 1,850 automotive service centers indicates growing acceptance of our data products. The introduction of our ServiceCat workstation of parts and labor rates to the service dealer segment of about 250,000 potential customers exceed expectations, and we're introducing a business management system for that segment."
 Porter said Triad will continue expansion into adjacent automotive markets and Europe, introducing database products while expanding its market presence through the sales of systems. Such sales in turn create opportunities for additional recurring services revenues. The Retail Hardgoods market, Porter noted, is becoming increasingly aware of the benefits of automation, creating additional systems sales opportunities.
 "While our financial position has been strengthened through our refinancing, we are taking a conservative view for the immediate future, tempered by uncertain domestic and international economies."
 Fourth quarter operating income was $4.9 million on revenues of $40.5 million. Earnings per share before the extraordinary charge improved 38 percent in the quarter to 11 cents from 8 cents, with refinancing charges reducing the 1992 figure to 2 cents per share.
 Triad is the leading provider of business and information management solutions for the automotive aftermarket and retail hardgoods industry. Utilizing Triad's proprietary databases, the information services organization is Triad's fastest growing unit. Triad's turnkey computer systems are supported by a nationwide customer services operation and financing.
 TRIAD SYSTEMS CORP.
 COMPARISON OF SUMMARY EARNINGS
 (Amounts in thousands except per share data)
 Fourth Quarter and Year Ended
 Sept. 30, 1992 and 1991
 (Audited)
 Three Months Ended
 Sept. 30, 1992 Sept. 30, 1991
 Revenues $ 40,462 $ 37,218
 Operating income 4,898 3,782
 Income before taxes and
 extraordinary loss 2,466 908
 Extraordinary loss 1,423 ---
 Net income 216 969
 Average fully diluted
 shares outstanding 15,677 13,829
 Earnings per share
 Primary
 Income before extraordinary
 loss $0.11 $0.08
 Net income $0.02 $0.08
 Fully diluted
 Income before extraordinary
 loss $0.11 $0.08
 Net income $0.02 $0.08
 Year Ended
 Sept. 30, 1992 Sept. 30, 1991
 Revenues $152,572 $137,519
 Operating income 18,013 15,781
 Income before taxes and
 extraordinary loss 5,500 2,708
 Extraordinary loss 1,423 ---
 Net income 2,097 2,085
 Average fully diluted shares
 oustanding 14,089 13,297
 Earnings per share
 Primary
 Income before extraordinary
 loss $0.27 $0.18
 Net income $0.17 $0.18
 Fully diluted
 Income before extraordinary
 loss $0.27 $0.18
 Net income $0.17 $0.18
 -0- 10/23/92
 /CONTACT: Tim Mehren of Triad Systems, 510-449-0606/
 (TRSC) CO: Triad Systems Corp. ST: California IN: CPR AUT SU: ERN


SG-TM -- SF003 -- 4007 10/23/92 09:01 EDT
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Date:Oct 23, 1992
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