VERDIX ACQUIRES MERIDIAN HERNDON, VIRGINIA, September 10, 1992 - - VERDIX Corporation (NASDAQ Symbol: VRDX) announced today that it has completed the acquisition of Meridian Software Systems, Inc. through the issuance of 1,200,000 shares of Verdix common stock in exchange for all of the outstanding securities of Meridian. The holdings of the former Meridian stockholders comprise approximately 8% of the outstanding shares of Verdix common stock. The acquisition will be accounted for as a pooling of interests transaction. Stowe Boyd, Meridian's President, will also serve as a Vice President of Verdix and member of the Verdix Board of Directors. Meridian Software Systems, Inc., now a wholly-owned subsidiary of Verdix, will continue its operations in Irvine, California. Meridian develops and markets desktop computer-based software engineering tools and services with a focus on Ada products. In its fiscal year ended March 31, 1992, Meridian's revenue was $2,887,980, with operating income of $175,739 and net income, which included an extraordinary gain, of $224,925. In making the announcement, Ralph Alexander, Verdix's President and CEO, said, "The acquisition of Meridian brings together both complementary product lines and distribution channels. In addition, it allows us to expand our embedded software tools into the PC and emerging DoD MIS markets." VERDIX Corporation is headquartered in Herndon, Virginia, with major development facilities in Aloha, Oregon. It specializes in products to meet government and industry needs in the embedded computer, technical CASE and secure product markets. In its fiscal year ended March 31, 1992, revenue was $19,164,197, with operating income and net income of $2,068,118 and $1,668,802, respectively. Verdix, 205 Van Buren St, Herndon, VA 22070 703-318-5800 +---------------------------------------------------------------+ | From the America Online - New Product Information Services | +===============================================================+ | This information was processed from data provided by the | | above mentioned company. For additional details, contact the | | company at the address or telephone number indicated above. | | All submissions for this service should be addressed to | | BAKER ENTERPRISES, 20 Ferro Drive, Sewell, NJ 08080 U.S.A. | +---------------------------------------------------------------+