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ULTIMAP ANNOUNCES FOURTH QUARTER AND YEAR END RESULTS

 ST. PAUL, Minn., May 25 /PRNewswire/ -- Ultimap Corporation (NASDAQ: UMAP) today announced the results of the fourth quarter and year ended Jan. 31, 1993.
 Three months ended Year ended
 1/31/93 1/31/92 1/31/93 1/31/92
 Revenues 274,731 914,118 1,827,391 2,002,423
 Loss before extra-
 ordinary item (734,293) (665,183) (3,325,093) (2,964,982)
 Extraordinary item
 forgiveness of
 indebtedness -- -- -- 423,578
 Net loss $(734,293) $(665,183) $(3,325,093) $(2,541,404)
 Net loss per common
 share before extra-
 ordinary item $(.13) $(.15) $(.65) $(1.12)
 Extraordinary item -- -- -- (.16)
 Net loss per common
 share $(.13) $(.15) $(.65) $(.96)
 Weighted average
 number of shares
 outstanding 5,538,832 4,368,385 5,120,325 2,649,074
 Ultimap Corporation is a leading supplier of geographic information products and services, providing solutions that meet critical management needs of local governments and utilities.
 -0- 5/25/93
 /CONTACT: John F. Kennedy, chief financial officer of Ultimap, 612-688-1500/
 (UMAP)


CO: Ultimap Corporation ST: Minnesota IN: CPR SU: ERN

DB -- MN016 -- 2307 05/25/93 16:23 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 25, 1993
Words:187
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