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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Neil S who wrote (595)	5/15/1998 6:26:00 PM
From: Nine_USA	Respond to of 4808

Augment Systems, Inc. Reports First Quarter 1998 Results Business Wire - May 15, 1998 16:22 WESTFORD, Mass.--(BUSINESS WIRE)--May 15, 1998--Augment Systems, Inc. (NASDAQ Small Cap: AUGSC) today reported net sales of $475,514 and a net loss of $1,432,153 or $(.16) per diluted share for the first quarter ended March 31, 1998. As a development stage company, Augment did not commence shipment of its products until April 1997, and hence recorded no net sales and a net loss of $1,589,003 or $(.36) per diluted share for the first quarter of 1997. Duane Mayo, Augment's Chief Financial Officer, commented, "First quarter net sales already equal almost 50% of total 1997 net sales. We are pleased with the increased acceptance of the Company's Fiber- Channel Storage Area Network (SAN) Servers and Augment's progress in transitioning from a development stage company." Augment Systems, Inc. is a leader in the development of Storage Area Networking solutions for the management of large image and data files. Founded in 1990, the Company pioneered the development and integration of cross platform, high performance file serving with Fibre Channel-Arbitrated Loop technology, resulting in a new paradigm for the storage and transfer of large files. The Company's initial target markets are electronic publishing, digital photography editing and geographic information systems (GIS). Additional information is available from Augment's Web site at augment-systems.com. Safe harbor statement under the Private Securities Litigation Reform Act of 1955: Statements contained in this news release which are not historical fact, such as forward looking statements concerning new business development involve uncertainty. Such statements are subject to various factors, including without limitation uncertainties regarding competitive market conditions; customers; customer requirements, schedules and related funding; overall economic factors; hiring of key employees that could cause actual results to differ materially from those set forth in the forward looking statements. These factors are discussed in more detail in the Company's Form 10-Q for the first quarter ended March 31, 1998.

To: Neil S who wrote (595)	5/15/1998 6:42:00 PM
From: Nine_USA	Respond to of 4808

Augment 1st quarter details: Consolidated Financial Results (Unaudited) First Quarter Ended March 31, 1998 1997 Net Sales $ 475,514 $ -- Cost of Sales 229,399 -- Gross Margin 246,115 -- Operating Expenses 1,654,325 1,494,872 Operating Loss (1,408,210) (1,494,872) Interest Expense (45,744) (94,131) Net Loss $ (1,432,153) $(1,589,003) Net Loss Per Common Share Basic $ (.16) $ (.55) Diluted $ (.16) $ (.36) Weighted Average Common Shares Outstanding Basic 9,013,049 2,913,319 Diluted 9,013,049 4,456,828