BW: Magic Software Continues to Post Record Results

“For the third quarter in a row, Magic’s sales and earnings
reached record levels…”

“Total revenues for the second quarter 1999 were $15.32 million
as compared with $8.84 million for the comparable three-month
period in l998, a 73% increase over last year…”

“Software sales for the period increased to $8.82 million, or
90% greater than the same quarter last year, representing 57% of
total revenues.”

“… positive market acceptance for our increased solutions
offerings and for our involvement with the Linux community has
intensified awareness of Magic, particularly in businesses seeking
to grow their profitability through powerful e-commerce and other
business solutions.”

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