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ORANGE COUNTY EARNINGS

November 16, 1994

PenUltimate Inc.: The Irvine software developer recorded a loss of $980,232, or 35 cents a share, for its first fiscal quarter. That compared to a loss of $732,235, or 80 cents a share, for the same period a year earlier. Revenue for the quarter ended Sept. 30 increased 46% to $43,729 from $30,000.

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