FOR IMMEDIATE RELEASE

Contact: Joe Waldygo
Director of Marketing & PR
Voice: 602/690-3215
FAX: 602/293-8065

ARTISOFT AND PERFORMANCE TECHNOLOGY ANNOUNCE 
DISCONTINUATION OF MERGER NEGOTIATIONS

(TUCSON, AZ -- May 21, 1992) -- Artisoft, Inc., the 
Tucson-based developer and manufacturer of the award-
winning LANtastic(R) Local Area Network, and 
Performance Technology, Inc., the San Antonio-based 
developer and manufacturer of award-winning local area 
network products, announced today that they have 
discontinued negotiations for the acquisition of 
Performance Technology by Artisoft in a statutory 
merger. 

Artisoft and Performance Technology announced in April 
of this year, the signing of a letter of intent which 
conditioned completion of the acquisition on the 
negotiation of a final definitive agreement, and the 
approval of the definitive agreement by the board of 
directors of both companies and by the shareholders of 
Performance Technology. The parties announced today 
that they have been unable to arrive at a mutually 
acceptable agreement, and that further negotiations 
would not be pursued.

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