FOR IMMEDIATE RELEASE Contact: Bob Fitzpatrick, Director of Investor Relations Voice: 602/690-3558 Fax: 602/293-8065 MCI Mail: FITZP ARTISOFT'S SALES, NET INCOME AND EARNINGS PER SHARE AT RECORD LEVELS IN QUARTER ENDED MARCH 31, 1992 (TUCSON, Ariz. -- April 16, 1992) -- Artisoft, Inc. announced today that its sales, net income, and earnings per share were at record levels for the three months ended March 31, 1992, the third quarter of the company's current fiscal year. Sales for the period were $20,274,000, an increase of 96 percent over the $10,354,000 recorded in the same quarter a year earlier. Net income, at $3,588,000, was 71 percent above last year's $2,098,000 for the same period. Per share earnings for the 1992 quarter, at 21 cents, also a record high, were 40 percent above the 15 cents recorded a year earlier. C. John Schoof II, Artisoft's President and CEO, said the improved earnings were the result of a greater penetration of Artisoft products in the local area network market. He attributed the success to greater appreciation of Artisoft products by buyers of networking systems. During the quarter, Artisoft introduced LANtastic(R) version 4.1, an improved version of its award-winning LANtastic network operating system. In the first nine months of the 1992 fiscal year, sales, net income and earnings per share have already exceeded the levels achieved for all of fiscal 1991. Sales for the nine months ended March 31, 1992, were $51,787,000, an increase of 82 percent over the $28,481,000 reported for the same nine months a year earlier. Earnings for the first nine months, at $8,999,000, were 90 percent above the $4,728,000 earned in the year earlier period. Earnings per share for the current fiscal year to date were 55 cents compared to 34 cents for the year earlier period. Artisoft develops and manufactures a full line of hardware and software for local area networks including the LANtastic Local Area Network. The LANtastic network is recognized as the leader in the DOS-based peer-to-peer network market and has won numerous industry awards for its cost-effective features, performance and ease of use. It allows up to 300 users of IBM(R)-compatible computers to connect and share information and peripheral devices such as printers, hard drives and CD-ROMs. The LANtastic network and Artisoft's other connectivity products are distributed in over 70 countries worldwide. For more information about Artisoft or its product line, contact Artisoft, Inc. at 691 E. River Road, Tucson, AZ 85704. Sales 800-TINYRAM. Fax 602/293-8065. # # # (MORE)