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UNIQUEST ANNOUNCES FIRST QUARTER OPERATING RESULTS

 UNIQUEST ANNOUNCES FIRST QUARTER OPERATING RESULTS
 JACKSONVILLE, Fla., Oct. 16 /PRNewswire/ -- UNIQUEST Incorporated


(NASDAQ: UQST) announced today its financial results for the quarter ending Aug. 31, 1992. The company reported a net loss of $599,458 ($0.03 per common and common equivalent share) for its first quarter of fiscal 1993 as compared to net income of $102,454 ($0.01 per common and common equivalent share) for the same quarter in the prior fiscal year. Revenue for the current quarter was $2,538,300 as compared to $2,583,479 for the fiscal 1992 first quarter.
 Included in the operating results of the current quarter are the initial cost of operations and other nonrecurring costs of two acquisitions which were completed during the period. On June 29, 1992, UNIQUEST completed the acquisition of assets of Infotronx, Inc., of Downers Grove, Ill., which added a recognized industry-leading product for dynamic labor scheduling, the Labor Resource Manager(TM), to the UNIQUEST product line. The LRM products are currently serving the grocery and general retail markets. On July 30, 1992, the proposed merger of CheckRobot, Inc., of Deerfield Beach, Fla., with a wholly owned subsidiary of UNIQUEST was approved at a special meeting of the shareholders of CheckRobot. The Automated Checkout Machine (ACM(R)), pioneered by CheckRobot, provides a patented security system in conjunction with customer self-checkout for supermarket food retailers.
 According to August P. Klein, president and CEO, "Our first quarter results, while projected at a net loss due to acquisitions, were greater than anticipated. We have implemented programs focused specifically on revenue growth in our current vertical markets and are already realizing positive results from these actions. The acquisition of CheckRobot as well as Infotronx's LRM products will further support our revenue growth and earnings objectives as we build sales pipelines in the grocery industry."
 UNIQUEST Incorporated is a leading provider of application software and systems used for service management, general accounting, point-of- sale, cashiering, time and attendance, security, access control, job costing, labor distribution, scheduling and communications. The industries served are healthcare, hospitality, restaurant, mechanical contracting, supermarkets, utilities, government, retail and other consumer related industries.
 UNIQUEST INCORPORATED
 Consolidated Statements of Operations
 Three Months Ended Aug. 31, 1992 and 1991
 (Unaudited)
 Three Months Ended
 Aug. 31,
 1992 1991
 Revenues $ 2,538,300 $ 2,583,479
 Cost of Revenues 1,262,949 1,215,585
 Gross Profit 1,275,351 1,367,894
 Total Operating Expenses 1,861,550 1,226,683
 Operating Earnings (Loss) (586,199) 141,211
 Other Expense (13,259) (38,757)
 Earnings (Loss) before income taxes (599,458) 102,454
 Income Taxes -- (35,800)
 Earnings (Loss) before
 Extraordinary Item (599,458) 66,654
 Extraordinary Item -- Income Tax
 Benefit from Utilization of Net
 Operating Loss Carryforward -- 35,800
 Net Earnings (Loss) $ (599,458) 102,454
 Net Earnings (Loss) per common
 and common equivalent share $ (0.03) 0.01
 Weighted average shares of common
 and common equivalent shares 21,937,369 13,953,187
 -0- 10/16/92
 /CONTACT: Fred Goldsmith, chief operating officer of UNIQUEST, 904-363-0103; or Rod O'Connor of Cameron Associates, 212-644-9560, for UNIQUEST/
 (UQST) CO: UNIQUEST Incorporated ST: Florida IN: CPR SU: ERN


JB-AW -- FL014 -- 1154 10/16/92 17:13 EDT
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Date:Oct 16, 1992
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