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Technology Stocks : CICI - Communication Intelligence, handwriting recognition -- Ignore unavailable to you. Want to Upgrade?

To: Richard W Coffman who wrote (600)	9/12/1998 12:14:00 AM
From: Wafa SHIHABI	Read Replies (1) \| Respond to of 1025

FOR IMMEDIATE RELEASE Contact(s): Investor Relations Inquiries: Philip Sassower Chairman of the Board 212/759-1909 psassower@cic.com COMMUNICATION INTELLIGENCE CORPORATION ANNOUNCES ADDITIONAL STEPS TO HELP ACHIEVE FOURTH QUARTER PROFITABILITY REDWOOD SHORES, CA, September 11, 1998 (Nasdaq: CICI) Communication Intelligence Corporation (CIC) announced today that it has taken additional steps to comply with the mandate of its board of Directors to become profitable and cash flow positive in the fourth quarter of 1998. Towards this end, operating responsibility for the Company and CIC China now has been consolidated under the Company's president, Guido DiGregorio. Under his leadership, the Company is continuing to focus its resources on the generation of revenues through software sales and the reduction of operating costs and hopes to achieve its mandated goal. The Company also announced today that James Dao, a director of the Company, recently sold approximately 1.2 million shares of the Company's common stock. Mr. Dao has agreed with the Company not to sell any additional shares of the Company's common stock during 1998. Trusts of which Philip S. Sassower, the Company's Chairman of the Board, serves as trustee have continued to purchase shares of the Company's common stock. Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "may", "intends", "expects" and words of similar import, constitute "forward-looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual Company results to differ materially from expectations. Such factors include the following: (1) technological, engineering, manufacturing, quality control or other circumstances which could delay the sale or shipment of the Company's products; (2) economic, business and competitive conditions in the software industry and technological innovations which could affect the Company's business; and (3) the Company's ability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others and prevent others from infringing on the proprietary rights of the Company. The Company_________________________________________________________________ __ Communication Intelligence Corporation (CIC) develops, markets, and licenses software products based on proprietary pattern recognition technologies. Founded in 1981, CIC is a leading supplier of pen computing technologies to hardware manufacturers. The Company's core technologies include multilingual handwriting recognition and dynamic signature verification software. CIC's products are designed to increase the ease of use, functionality, and security of electronic devices ranging from PC peripherals to smart cellular phones. The Company's handwriting recognition software supports the US, Europe, and Asia markets. CIC is headquartered in Redwood Shores, California and has a subsidiary, CICC, in Nanjing, China. CIC's common stock is listed on the Nasdaq Small Cap Market under the symbol CICI. For more information about CIC and its products please visit our website at cic.com.