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ORANGE COUNTY EARNINGS

May 18, 1994

PenUltimate Inc.: The Irvine mobile computing software company said it incurred a net loss of $973,108, or 61 cents a share, in its third fiscal quarter, compared with a net loss of $399,073, or 48 cents a share, for the third quarter last year. Revenue for the quarter ended March 31 totaled $76,600 at this development-stage company, while no significant revenue was recorded last year. For the nine-month period, the company lost $2.4 million, or $1.76 a share, compared with a loss of $883,171, or $1.13 a share, for the like three quarters of the prior year. Revenue for the nine months totaled $129,093.

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