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UNICOMP INC. REPORTS RECORD RESULTS FOR FISCAL 1993; REVENUES INCREASED 881 PERCENT AND NET EARNINGS ROSE 406 PERCENT

 MARIETTA, Ga., June 15 /PRNewswire/ -- UniComp Inc. (NASDAQ: UCMP) announced today record financial results for fiscal 1993 ended Feb. 28, 1993. Net earnings for the year were $697,000, or $0.24 per share on revenues of $2.9 million, compared to a net loss of $228,000, or $0.18 per share, on revenues of $291,000 for fiscal 1992. Net earnings for the year included a one-time gain of $231,750 from the sale of securities.
 Stephen A Hafer, chairman of UniComp, said, "We have worked very hard over the last year to turn the company around. The efforts and sacrifices made by our employees have been tremendous. Our recent acquisitions of Arccom Management Systems and ICS Computing Group In Belfast, Ireland, positions us for strong future growth."
 Currently, UniComp's primary source of revenue is from the sale of licenses of a software product called Unibol(TM). This product allows programs written in the old IBM proprietary RPGII language to run on the new Unix machines from IBM, DEC, Hewlett Packard and others. UniComp realized only nine months' revenue from this software product during fiscal 1993.
 "The Unibol product line has been very successful for us and we view it as a product leader for UniComp's future," said Pat Henry, president of UniComp's subsidiary, Arccom Management Systems Inc. Arccom/Unibol has an impressive customer list including: IBM, Domino's Pizza, Marriott Hotels, BMW, DHL Courier, Con Agra, West Point Pepperell and Value City Stores.
 Effective March 1, 1993, UniComp acquired the ICS Computing Group Ltd. ("ICS") in Belfast. ICS's Unibol Division is the owner of the worldwide rights to the software product Unibol RPGII, In addition to the Unbol Division, ICS also has divisions involved with systems integration and maintenance and developing specialized applications for government and private customers.
 "With the acquisitions of Arccom Management Systems and ICS Computing Group, we expect net earnings to reach $1.5 million on revenues of approximately $15 million for fiscal 1994," added Hafer.
 Based in Marietta, UniComp Inc. is a designer and marketer of computer software and other hardware products.
 UNICOMP INC.
 Financial Summary
 1993 1992 Pct. Change
 Revenues $2,856,000 $291,000 881
 Operating Earnings 126,000 (200,000) 163
 Other Earnings
 (Expenses) 232,000 (28,000)
 Net Earnings (Loss)
 Before Provision for
 Income Taxes and
 Change in Acctg. 357,000 (228,000)
 Provision for
 Income Taxes 340,000 ---
 Net Earnings (Loss) 697,000 (228,000) 406
 Net Earnings (Loss)
 Per Share $.24 ($.18) 233
 Weighted Average
 Number of Shares
 Outstanding 2,908,000 1,240,000 135
 The company's earnings per share calculation includes the 1-for-20 reverse split on common shares effective Aug. 17, 1992.
 -0- 6/15/93
 /CONTACT: Shirley Thompson or Wayne Brown, of Carl Thompson Associates, 303-494-5472, for UniComp/
 (UCMP)


CO: UniComp Inc. ST: Georgia IN: CPR SU: ERN

JB-BP -- LA013 -- 2034 06/15/93 10:30 EDT
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Date:Jun 15, 1993
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