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XSCRIBE CORP. REPORTS QUARTERLY EARNINGS

 SAN DIEGO, Feb. 3 /PRNewswire/ -- Xscribe Corp. (NASDAQ: XSCR) today reported revenues and earnings for its third quarter and nine months ended Dec. 31, 1992.
 For the third quarter ended Dec. 31, 1992, Xscribe achieved a 43 percent increase in revenues. Current quarter revenues were $2,835,000 compared to revenues of $1,954,000 for the same quarter a year earlier. This growth in revenues resulted from Xscribe's two new micro-imaging operations and from the continued success of Xscribe's new XEC-2001 software program. This new product also helped increase overall gross margins from 38 percent of revenues in the prior year third quarter to 41 percent of revenues in the current quarter.
 Net income for the third quarter ended Dec. 31, 1992 was $129,000 ($.01 per share) compared to net income of $116,000 ($.02 per share) in the same quarter a year earlier. The current quarter results include a reserve for a certain Xscribe account receivable and the start-up sales and marketing costs at U.S. TranScan Technologies Inc.; earnings would have been somewhat higher without these strategic investments.
 For the nine-month period ended Dec. 31, 1992, Xscribe reported revenues of $7,602,000 and net income of $444,000 ($.05 per share). This compares to revenues of $5,775,000 and a net loss of $91,000 ($.01 per share) for the same period a year earlier.
 "We are pleased to report our eighth consecutive quarter of improved operating performance over comparable quarters," said Suren G. Dutia, Xscribe's president and chief executive officer. Dutia further stated, "We are particularly encouraged with the potential of our new imaging products and services businesses. These new businesses, coupled with the pending merger with Photomatrix, should help us continue to grow in the future. Our new products and services compete in the rapidly growing electronic imaging marketplace. We are investing in our future by implementing our plan to enhance Xscribe's growth potential by adding information management products and services that compete successfully in growth markets."
 Xscribe Corp. designs and markets high-technology software and hardware products for legal professionals including computer-aided transcription systems for court reporters and real-time captioning systems for the hearing impaired. Xscribe's wholly owned subsidiary, U.S. Micro-Imaging Inc., provides micrographics services to a wide range of customers, including attorneys and financial institutions. Xscribe's newly formed subsidiary, U.S. Transcan Technologies Inc., develops, manufactures and sells document handling and electronic scanning products for electronic imaging applications.
 XSCRIBE CORP.
 Selected Financial Data
 Quarter ended Dec. 31,
 1992 1991
 Revenues $2,835,000 $1,954,000
 Income (loss) from operations 123,000 110,000
 Net income (loss) 129,000 116,000
 Fully diluted net income
 per share $0.01 $0.02
 Average shares and
 equivalent shares outstanding 9,826,000 7,488,000
 Nine months ended Dec. 31,
 1992 1991
 Revenues $7,602,000 $5,775,000
 Income (loss) from operations 417,000 (112,000)
 Net income (loss) 444,000 (91,000)
 Fully diluted net income
 (loss) per share $0.05 ($0.01)
 Average shares and
 equivalent shares outstanding 9,826,000 6,727,000
 -0- 2/3/93
 /CONTACT: Bruce C. Myers, VP-operations and CFO of Xscribe, 619-457-5091, ext. 319/
 (XSCR)


CO: Xscribe Corp. ST: California IN: CPR SU: ERN

MS-LS -- SD001 -- 2258 02/03/93 09:30 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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