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UNIQUEST ANNOUNCES SECOND QUARTER RESULTS

 UNIQUEST ANNOUNCES SECOND QUARTER RESULTS
 JACKSONVILLE, Fla., Dec. 24 /PRNewswire/ -- UNIQUEST, Inc.


(NASDAQ: UQST) today announced its financial results for the second quarter and six month period of fiscal 1992 ending Nov. 30, 1991. It reported a net loss of $248,066 for the second quarter of 1992 as compared to a net profit of $205,808 for the second quarter of 1991. The company reported a net loss of $145,612 for the six month period as compared to net income of $264,803 for the first six months of fiscal 1991.
 The 1992 second quarter loss per share was $.01 as compared to earnings per share of $.03 in the first quarter of 1991. The loss for the six month period was $.01 vs. $.04 earnings per share for the first six months of 1991.
 Revenue for the second quarter was $2,751,732 as compared to $972,643 for the same period in 1991. Fiscal year to date 1992 revenues were $5,335,211 as compared to $1,713,845 for the same period in 1991.
 This 283 percent increase in revenue as compared to last years second quarter includes revenue from UNIQUEST acquisitions in the third and fourth quarters of the past fiscal year as well as revenue from System Innovators Inc. of Maitland, Fla., which was acquired during this quarter.
 Subsequent to the end of the quarter, UNIQUEST announced the signing of a definitive agreement to acquire CheckRobot, Inc., a provider of self checkout systems for supermarkets, of Deerfield Beach, Fla. At the same time a management agreement was signed to cover the period until CheckRobot and UNIQUEST stockholders give final approval of the transaction.
 UNIQUEST, Inc. 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, supermarket, utilities, government and other consumer related businesses. UNIQUEST stock is traded on the NASDAQ market under the symbol UQST.
 UNIQUEST, INC.
 CONSOLIDATED BALANCE SHEETS
 Nov. 30, May 31,
 1991 1991
 ASSETS:
 Total Current Assets $3,391,428 $ 865,860
 Property and equipment 870,592 507,322
 Capitalized software
 development costs 430,750 306,034
 Other assets 46,452 15,044
 Intangible assets 2,896,099 1,726,610
 Total assets: $7,635,411 $5,388,346
 LIABILITIES & SHAREHOLDERS'
 EQUITY:
 Total Current Liabilities $4,475,324 $3,542,037
 Notes Payable 150,000 150,000
 Capital lease obligations 146,943 11,484
 Total Liabilities: $4,772,267 $3,703,521
 Total Shareholders' Equity $2,863,144 $1,684,825
 Total Liabilities and
 Shareholders' Equity $7,635,411 $5,388,346
 UNIQUEST, INC.
 Consolidated Statements of Operations
 For the Six Months Ended Nov. 31, 1991 and 1990
 Three Months Ended Six Months Ended
 Nov. 30, Nov. 30,
 1991 1990 1991 1990
 Revenues $2,751,732 $972,643 $5,335,211 $1,713,845
 Cost of
 Revenues 1,172,272 291,763 2,387,857 558,375
 Gross Profit 1,579,460 680,880 2,947,354 1,155,470
 Total Operating
 Expenses 1,715,738 437,851 2,942,421 816,850
 Operating
 Income
 (Loss) (136,278) 243,029 4,933 338,620
 Other Income
 (Expense) (111,788) (37,221) (150,545) (73,817)
 Earnings
 before Taxes
 and extra-
 ordinary
 item (248,066) 205,808 (145,612) 264,803
 Charges
 Equivalent
 to Taxes on
 income -- (22,418) -- (78,207)
 Earnings before
 extraordinary
 item (248,066) 183,390 (145,612) 186,596
 Extraordinary
 item - income
 tax benefit
 from utilization
 of net operating
 loss carry-
 forward -- 22,418 -- 78,207
 Net Income
 (Loss) $(248,066) $205,808 $(145,612) $264,803
 Net Income (loss) per common share:
 Earnings (loss)
 before
 extraordinary
 item: (.015) .021 (.009) .027
 Extraordinary
 item: -- .013 -- .016
 Net Income
 (Loss) (.015) .034 (.009) .043
 Weighted average
 shares of
 common stock
 out-
 standing 16,223,833 6,160,851 15,514,414 6,160,851
 -0- 12/24/91
 /CONTACT: Marguerite Klein of UNIQUEST, Inc., 904-739-0822/
 (UQST) CO: UNIQUEST, Inc. ST: Florida IN: CPR SU: ERN


SS-JJ -- FL003 -- 5143 12/24/91 11:22 EST
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Date:Dec 24, 1991
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