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August 25, 1988

ON-LINE SOFTWARE INTERNATIONAL 1Q LOSS OF $1.3M

By CBR Staff Writer

On-Line Software International Inc, Fort Lee, New Jersey reports that it will likely report a first quarter loss of about $1.3m before an extraordinary gain of $1.4m from repurchase of convertible debt for its first quarter to August 31: the loss is put down to dull performance in all sectors, but particularly in US direct sales; president and chief operating officer Howard Sorgen resigned his posts at On-Line to pursue personal interests.

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